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CalPERS Sells Palomar Ventures Stake

socalTECH

CalPERS, the California pension fund which is a major limited partner in venture capital funds here, apparently sold its stake in Palomar Ventures III, L.P. A partner at Palomar Ventures declined to comment, saying that the firm has a "hard and fast" policy of not commenting on matters related to LPs. sometime earlier this year.

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Predixion Software Snags $20M More For Predictive Analytics

socalTECH

Prior investors DFJ Frontier, EMC, Miramar Venture Partners and Palomar Ventures also participated. Predixion said the funding will go towards accelerating product development, and to scale it sales and marketing.

Software 193
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AutoGenomics Pulls IPO

socalTECH

The firm said it has "elected not to pursue the sale of securities" but did not give a reason for the withdrawal. AutoGenomics had previously raised funding from Palomar Ventures, although it's unclear how much of a stake the venture firm now holds in the compay. Palomar's Randy Lunn still sits on the company's board of directors.

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Predixion Software Gets $6M More

socalTECH

The new, strategic investment came from an un-named investor, and also included prior investors DFJ Frontier, Miramar Venture Partners and Palomar Ventures. Predixion said the funding will go towards further product development, plus serviec, sales and marketing. READ MORE>>.

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Predixion Software Raises $5M

socalTECH

The round was led by DFJ Frontier, and also included Miramar Venture Partners and Palomar Ventures. Predixion said that the new funding will go towards product development, sales and marketing, and to its sales channel and strategic partnership efforts. Predixion develops a self-service, cloud based business analytics service.

Software 140
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Ace Metrix Gains $6.0M

socalTECH

The round was led by Leapfrog Ventures, and also included prior investors Hummer Winblad Venture Partners and Palomar Ventures. The company said the new funding will go toward sales and marketing of its service. Pete Sinclair of Leapfrog will join the firm's board along with the funding.

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The Challenges (& Opportunities) of Starting a Tech Company in LA

Jason Nazar

We tend to be better at things like team building, negotiations, sales, and fundraising – which are arguably the most important skills entrepreneurs should posses. Challenge #2 – There is Not Enough Great Tech, Product and UI/UX Design Talent in LA. It’s a chicken and egg problem.

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