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Technology , Cocktails, and Incubators in Santa Barbara

Steve Reich

Appropriately enough, ­­­we gathered in the about-to-open Synergy Business and Technology Center, Santa Barbara’s latest incubator. Then drive for the best funding you can get. If you still don’t like the answer—separate the funding and location decisions.

MoneyTree Report: Southern California Q3 Venture Totals Drop To $663.27M

socalTECH

Southern California's venture capital totals dropped significantly in Q3 of 2016, to a mere $663.2M in funding, according to the latest numbers from the PricewaterhouseCoopers MoneyTree report, based on data from Thomson Reuters. in funding in Q3, down from the much larger, $2.5 billion in funding received in the region in Q2. Q2 fundings in Southern California were much higher, due to a giant $1.27 billion funding round for Snapchat.

University of California Plans $250M Venture Capital Fund

socalTECH

Startups related to the many University of California campuses in Southern California may soon have a new source of funding: The University of California itself, via a new, $250M venture capital.

Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

We’ve been dying to tell you all for a while that we had raised a new venture capital fund and of course given SEC filing requirements the story was somewhat already scooped by the always-in-the-know Dan Primack a few weeks ago. Wait, didn’t you just raise a fund?

INVESTOR SUMMIT HIGHLIGHTS 7 TOP-TIERED ANGEL GROUPS FROM SANTA BARBARA TO SAN DIEGO TO COLLABORATE ON PROMISING START-UPS

Ask the Angels

Maverick Spearheads First-In-History Southern California Angel Summit on May 16, Sheppard Mullin Title Sponsor. Maverick Angels, an International Angel Group with locations in Southern California, Utah and Europe, today announced the “First Annual Southern California Angel Summit” which took place on May 16, 2012, at USC.

Ansible Acquired By Red Hat For Around $100M

socalTECH

Santa Barbara-based Ansible > , a developer of IT automation software, has been acquireed by Red Hat , to help bolster Red Hat's management capabilities for hybrid and OpenStack clouds, and container-based services. Anssible had only raised around $6M in funding. Financial terms of the buy were not disclosed, however, reports say the deal was worth around $100M. Ansible was venture backed by Menlo Ventures, and was led by Michael DeHaan.

Social Networking Addiction Bears Fruit

Eric Greenspan

It’s been an amazing experience so far, but the best part are the relationships I’ve built since getting started. Yesterday, I met with @LisaBraithwaite, a local Santa Barbaran.

Lynda.com Inks Massive, $103M Funding Round

socalTECH

According to Eric Robison, the firm's CEO, the funding round will go towards increasing the firm's global reach and expanding content. Meritech Capital also participated in the funding. The funding is the largest funding in Santa Barbara County in recent history, and among the largest fundings across all of Southern California, with the exception of a couple of late stage biotechnology deals in the past year.

VC Confessions: We Passed On Twilio’s Seed Round

InfoChachkie

For us, it’s OK if we miss a great deal once in a while, so long as the companies we DO invest in generate outstanding returns. However, in 2008 we were focused almost exclusively within Southern California. A version of this article previously appeared on Forbes.

SoCal 76

Web 1.0 Entrepreneurs: we are roadkill unless we learn to run as fast as today’s founders.

Steve Reich

inLife signed up dozens of merchants in Santa Barbara for their activity site. The emails were so tailored, that many merchants called back to thank them for the personal attention. Then get VC funding, rent a cool space, hire a big team, rebuild and relaunch. But so many companies are being launched so fast that probability tells you that there will be major winners. New companies are being created at stunning speed by today’s founders.

Four of Southern California's Cloud Computing Startups

socalTECH

Here are a number of Southern California startups who are making waves in the cloud computing, as mined from our subscription venture capital database. Funding: $25.5M, from Benchmark Capital, BV Capital, and New Enterprise Associates [ Profile ]. Funding: Private [ Profile ].

Report: Southern California Venture Capital Totals $464M In Q3

socalTECH

Venture capital investments in Southern California in Q3 totaled to $464.18M, according to the latest numbers released by the PricewaterhouseCoopers/NVCA Money Tree Report this evening, based on data from Thomson Reuters. Silicon Valley had the lion's share of the venture funding dollars in Q3, with $1.75 The biggest investments in Southern California for the quarter were for San Diego's SkinIt , a maker of customized "skins" for electronic devices, with $60.0M

SoCal Angel Investors See IPO Pop At CytomX

socalTECH

A number of Southern California angel investors are undoubtedly breaking out the champagne this morning, after the successful IPO of CytomX Therapeutics , a developer of cancer therapeutics which was spun out of UC Santa Barbara. CytomX was founded by UC Santa Barbara professor Patrick Daugherty.

Interview with Fouad ElNaggar, Redpoint Ventures

socalTECH

Redpoint Ventures is one of the venture capital firms which has straddled both Northern California and Southern California, with offices in both locations. We can also write checks as large as $35M out of the Omega Fund.

Why Taking Some Risks in the Sales Process Can Improve Results

Both Sides of the Table

Either way, it’s natural that buyers “shop around” so expect it as a healthy part of the process. So we took a stand. We knew that all buyers would be concerned about security, privacy, back-ups, data protection and so forth. So our pitch went. When we went to raise funds we faced lots of competition as there are of course many other VC funds in the country. I think that’s where many startups and even VC funds go wrong.

Sales 99

TechZulu Presents: The Annual Startup Forecast

Tech Zulu Event

28 from 7pm-10pm in Santa Monica. The panel is comprised of Southern California’s Top VC’s, Angels, and Startup Accelerator founders. Babak received a BA degree in Business Economics and Communications from the University of California, Santa Barbara.

HP Selects UCSB, UCSD, USC Profs For Funding

socalTECH

According to HP, among the sixty professors were Dr. Amin Vahdat of the University of California, San Diego; Dr. John Bowers at the University of California, Santa Barbara; and Dr. Gerard Medioni and Dr. Alan E. Willner at the University of Southern California. Tags: ucsb ucsd research grant computer funding

The Resumator Gets $2.1M From Rincon

socalTECH

Rincon Venture Partners , the Santa Barbara-based venture capital fund run by Jim Andelman , John Greathouse , and Brian Kelly , has led the investment in a developer of social recruiting software tools for companies, The Resumator. Resumator is unusual in that it is located in Pittsburgh, PA--Rincon tends to make mostly Southern California investments.

Streamlining The Sports Recruiting Process with FieldLevel

socalTECH

Coaches are looking to use technology more efficiently, so they can connect in a more effective manner with the people they want to, but still have the rules around our industry and how the industry operates.

Coach 66

Some Thoughts on Leadership Going into 2016

Both Sides of the Table

So spending time thinking about what your leadership style is, whether it’s effective and what you could do to improve it can yield dividends. We all know that we use renewal to be thoughtful about our futures so why not take the time this week to take stock in where you want to be a year from now and what steps you could take personally to make a difference. We want to invest in early-stage technology enabled startup businesses – upfront in the funding cycle.

Coach 102

Local Charities Score Funding From Facebook Program

socalTECH

Two, Southern California charities are among the charities who are receiving grants from JPMorgan Chase in a promotion on Facebook, Chase said today.

How to Work with Lawyers at a Startup

Both Sides of the Table

This is stuff I tell people verbally at least twice / month so I’m glad to finally get it into written format. So eventually you have your company funded but only 2 of the 5 people who started the company are still around. So it doesn’t have to be a small firm.

Spotlight: LA Tech Summer Judges Includes BetterWorks, CallFire, Idealab, and Tech Coast Angeles

Tech Zulu Event

So with out further ado I present the Spotlight: LA Tech Summer 2011 Judges! He holds a BA from the University of California, Santa Barbara, a JD from Southwestern University, and suffers from an addiction to cheeseburgers.

CytomX Therapeutics, Founded At UCSB, Queues Up For IPO

socalTECH

CytomX Therapeutics , a biotech startup which was founded by UC Santa Barbara professor Patrick Daugherty, and which has a significant number of Southern California angel investors, filed for an IPO last week, saying that it is looking to raise $100M on the NASDAQ Global Market. CytomX was initially capitalized by a group of Southern California angel investors, right after it was launched out of UCSB, according to a number of those investors.

Interview with Kos Galatsis, Carbonics

socalTECH

The company just announced its first product, so we thought it would be interesting to follow up with Kos on his progress bringing the company's technology to market. Not only that, we all grind our teeth when our battery goes low, so we have to do that in a low power, efficient manner, which does not chew up all that battery capacity. So explain where you are now with the taking your technology to market? So those resources have been fantastic.

Interview with Mark Suster, GRP Partners

socalTECH

GRP has just recently closed on a new $200M fund, and Mark has been one of the more active venture capitalists in the Los Angeles area in recent months. In 2000, we set up our second fund--worth almost $400M--and for that vintage year, that fund is one of the top tier performing funds in the entire country. Our brand new fund is a $200M fund, and we think that's the perfect size for a new fund. Here in Southern California, we do have a ways to go.

Spotlight: LA Tech Judges and SuperDemo Bill Gross of Idealab!

Tech Zulu Event

Always looking to provide the very best for our community so that you may learn and grow as a startup or entrepreneur, Bill Gross is one of the best experts we could provide. in Mechanical Engineering from the California Institute of Technology.

Layoffs Hot Keyword for Second Half of January 2009

SoCal CTO

When I drill down on that term, you can see why with posts like: Hollis-Eden Pharmaceuticals Lops A Third Of Company THQ Lays Off 100 Employees, Closes San Diego Office Citrix Cuts 10 Percent; Santa Barbara Hit And it's also interesting to see what geographies are being associated with "Layoffs" more often than others: Layoffs Woodland Hills Layoffs San Diego Layoffs Santa Monica Layoffs Los Angeles I guess this is a sign of the times.

Spotlight: LA Tech Fall Judges Include Mike Jones, CallFire, Idealab, Tech Coast Angels, Coloft

Tech Zulu Event

So with out further ado I present the Spotlight: LA Tech Fall 2011 Judges! He has contributed to the success of dozens of companies, including the funding and strategic acquisitions of Movoxx, Tsavo and People Media. There is still time to apply so if you have yet to do so APPLY HERE.

TCA Stresses Mixers, New Website

socalTECH

The group also said it is focusing on its SeedTrack program, which is specifically focused on seed stage funding and extensive mentoring. The group announced today that it has named the incoming Presidents of its area networks, with Steve Flaim in San Diego, John Glanville and Jeff Kurfess in Santa Barbara, Stu Roberts in Orange County, Scott Sangster in Los Angeles, and John Tillquist in the Inland Empire.

UCSB, USC Benefit From Energy Research Grants

socalTECH

The Department of Energy (DOE) said this week that it has awarded $377M in funding for 46, Energy Frontier Research Centers (EFRCs) focused on reducing dependence on imported oil and to curtail greenhouse gas emissions, including a center at the University of California, Santa Barbara , and one at the University of Southern California.

Thanks to socalTECH's Sponsors and Advertisers!

socalTECH

Thanks to all of our sponsors and advertisers, who make our coverage of Southern. California's technology industry possible. Looking to reach Southern California's high tech executives and. socalTECH.com offers up continuous coverage of Southern California's growing high. venture funding and business deals, technology develops, and more from Santa Barbara. Funding great entrepreneurs.

Attorney and Startup Business Advisor – Aaron Shechet

SoCal CTO

I grew up in Los Angeles and went to undergrad at UC Santa Barbara, graduating in 2003 with Honors in Economics. While at UC Santa Barbara, I started a café which served over 1100 dorm residents. What networking events in Los Angeles or Southern California do you go to?

Negative Customer Acquisition Costs - Creative Startup Marketing Ideas - Eric David Greenspan

SoCal CTO

He’s done several startups and is a board member of the Technology Council of Southern California (which is where I met him originally). I like to book my own travel, so I might be on Expedia or on an airplane. So far, its been instrumental in expanding our reach, presence and brand, but I still believe that we must do it, but not sure exactly why yet. We are actually getting paid now to obtain customers, so our customer acquisition costs are now negative.

Interview with Scott Lenet, DFJ Frontier

socalTECH

Seed stage, venture capital fund DFJ Frontier (www.dfjfrontier.com) announced this morning that it has raised its second fund, worth $55M. We sat down with Managing Director Scott Lenet last week, ahead of the announcement, to chat about the new fund and what the firm is investing in now. Congrats on the new fund. What kind of investments are you targeting with this new fund? Scott Lenet: We're really excited about the new fund. He's in Santa Barbara.

Do your kids Google Poo?

Eric Greenspan

We are huge proponents of the Internet, so the last thing we wanted to do was scare them and stop their kids from benefiting from using the Web. We are not therapists, but we know technology so we did the best we could.

Interview with Winston Damarillo, Morphlabs

socalTECH

One of Southern California's successful, serial entrepreneurs is Winston Damarillo , who founded Gluecode, which he sold to IBM in 2005. Earlier this month, his latest startup, El Segundo-based Morphlabs announced it had raised a Series B funding worth $5.5M.

Interview with Daryl Bernstein, RightSignature

socalTECH

This morning's interview with Daryl Bernstein , CEO and co-founder of Santa Barbara-based RightSignature (www.rightsignature.com), a firm which has created an online, software-as-a-service offering to collect legally binding signatures on documents. We have some very good competitors--EchoSign and DocuSign are the two bigs ones, and are both venture funded--who have spent a lot of money educating the market.

Interview with Mark Cromack, Cogi

socalTECH

Santa Barbara-based Cogi (www.cogi.com) recently launched a phone-based service which allows users to transcribe conference calls and meetings. So we're going along, and you say something that really sparks my interest, and you can push a button either on the phone or computer to let Cogi know this is important to me or important to you. In this particular instance, I'm calling you on a regular phone, and talking on a regular phone, so it's no VoIP.

Interview with Zareh Baghdasarian, 15desks

socalTECH

Baghdasarian was co-founder of Monterey Networks, which was sold to Cisco Systems back in 1999, has been an active angel investor in Southern California. This is the first company I have become directly involved with, because it was near to my heart, so I got involved in the day-to-day working with them. How is the company funded? The company is currently in Santa Barbara, and we're possibly going to move it into the greater Los Angeles area.