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MIT Study: Age Of Founders In Fastest Growing New Ventures Is 45

socalTECH

In a study which belies the opt-cited preference for "young" entrepreneurs in the startup and venture capital industry, a new study from the Massachusetts Institute of Technology find that the mean age of the founders of the 1,000 fastest growing new ventures in the U.S. is actually 45.0.

Study 147
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Black Friday Sales Up 9 Percent To $648M, Says Report

socalTECH

The latest numbers from Internet measurement firm comScore find that e-commerce sales this year are surging, totaling $648M in online sales on November 26th. comScore, which tracks Internet traffic and e-commerce trends, said that sales on Black Friday were up 9 percent compared with last year.

Sales 133
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Black Friday Sales Up 26 Percent To $816M, Says Report

socalTECH

Online retailers saw a surge in sales Friday, according to the latest numbers from comScore, seeing $816M in online sales, a 26 percent increase over last year's Black Friday. billion in online sales. billion in online sales. Last year comScore tallied up more than $1 billion in sales for Cyber Monday.

Sales 150
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Ionis Pharmaceuticals Gets $28M From AstraZeneca

socalTECH

Carlsbad-based biopharmaceutical sdeveloper Ionis Pharmaceuticals said Friday that it has received $28M from AstraZeneca , folloing the completion of IND studies and licensing of an antisense drug for treating cancer. READ MORE>>.

Study 100
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Study: U.S. E-Commerce Drops In Q4

socalTECH

A new report released this morning find that retail e-commerce sales dropped in Q4 by 3 percent, as the dismal economy began to affect the online retail sector. The drop follows double digit gains throughout 2007 and the first half of 2008 in year-to-year ecommerce sales. Tags: comscore economy retail ecommerce online sales.

Commerce 100
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Onestop Internet: Amazon Serious Threat To Apparel Brands

socalTECH

Onestop called Amazon "a very real threat" to online brands' sales. The company said it tapped Survata for the study, which interviewed 501 online respondents. The company said the margin of error for this study at a 95% confidence level is 4.4%.

Commerce 100
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Reflections on 2016: Rob Freelen, Silicon Valley Bank

socalTECH

Silicon Valley Bank is big supporter and has been a sponsor of socaltech for many, many years. I studied East Asian religions in college and was intrigued to hear that a Buddhist monk was delivering meditation and mindfulness via a mobile app. Here, we have the thoughts of Rob Freelen of Silicon Valley Bank (www.svb.com).