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What You Missed On Your Holiday Vacation, SoCal Technology Edition

socalTECH

Independa ($5M, San Diego, software for senior independence). In the latest roundup of fundings (big few weeks for San Diego, apparently): PatientSafe Solutions ($20M, San Diego, mobile health). Solarflare ($22M, San Diego, high speed networking). Ignyta ($6M, San Diego, personalized medicine). Southern California's Most Popular Tech Stories.

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Building A Dream Team For Mobile Advertising, with Gradient X

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Gradient X is backed by Rincon Venture Partners, GRP Partners (now Upfront Ventures), CrossCut Ventures, Founder Collective, Siemer Ventures, Baroda Ventures, and Double M Partners. Michael Lum: We were all semi-independently looking at mobile, due to the growth projection and potential there. What is Gradient X?

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Zag Powers AAA Service

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Santa Monica-based Zag.com , the online car buying software firm headed by Scott Painter, announced this morning that it has inked a deal with the AAA, to power a new service called AAA Automaker. Zag is venture backed by Anthem Venture Partners, USAA, GRP Partners, Arcturus Capital, Callaway Cars and the Skoll Fund.

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Open Angel Forum San Fran – Team Calacanis Raises the Bar

Both Sides of the Table

This was in large part due to the marketing efforts of Jason that created a great top end of the funnel (100+ companies applied) and the herculean efforts of Tyler Crowley who spent days going through all of the submissions and serving up 5 very interesting companies. My personal favorite and best fit for GRP Partners was Thumbtack.

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Does the Size of a VC Fund Matter?

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Some wait 5-7 years but usually this is because it’s proving more difficult to raise a new fund due to market conditions or the lack of returns in their current fund. For example, my firm, GRP Partners, has a $200 million fund that was closed in March 2009 and we have 4 investment partners.

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What’s Really Going on in the VC Industry? What Does it Mean for Startups?

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side note: our last fund at GRP Partners is currently ranked as the 5th best performing fund of the year 2000. You don’t need to buy expensive software – there are free open source solutions for nearly everything. VC will shrink. Oh yes it will. The top quartile funds have performed well.

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I Just Invested in @Burstly, a Mobile Ad Management Company

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I’m very pleased today to announce that I invested, on behalf of GRP Partners, in Burstly alongside Rincon Venture Partners , an early stage VC in Southern California whith whom we love to work (and were our co-investors on RingRevenue ). What does it do? it has built in iPad support from Day 1.

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