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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. Among the successes driving the creation of the fund was the IPO of Santa Monica-based Kite Pharma, which is a spinout of UCLA.

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Southern California needs to find its hub for it to develop its own tech ecosystem

TechCrunch LA

We’ve also seen a substantial inflow of venture capital from all over the world.”. Caltech generates more patents than any other university while UCLA boasts more startups founded by its graduate than any other school in the nation. In fact, as is well-reported, the luster of Silicon Valley is fading.

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Two Local Tech, Investment Executives Named In College Fraud Investigation

socalTECH

Two people associated with Southern California's high tech investment and startup industry have been named as part of the far reaching investigation into a college admissions scandal , which named Hollywood actresses, CEOs, coaches at USC, UCLA, and UCSD, as well as many others. According to a complaint filed by the U.S.

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Enlibrium Finds $15M For Cancer Drugs

socalTECH

San Diego-based Enlibrium announced Thursday that it has raised $15M in a Series A financing, to go towards cancer therapeutics. The funding was led by Avalon Ventures and TPG Biotech, and also included Correlation Ventures and Osage University Partners. Enlibrium is being led by David Campbell, Ph.D. READ MORE>>.

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Interview with Steve Poizner, Alliance for Southern California Innovation

socalTECH

My last company got acquired by Qualcomm, and Qualcomm wanted me to move to San Diego to run their emerging business portfolio. I then became and EIR at UC San Diego, and joined EvoNexus, the not-for-profit incubator run by the Irvine Company. As you know, Silicon Valley has a locker grip on the venture capital community.

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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 (..)

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New Bootstrap Fund Pulls Itself Up in World of Health IT Deals

Xconomy

Healthtech entrepreneur Parker Hinshaw and his wife Jean Balgrosky said they intended to take a step back when they founded Bootstrap Incubation near San Diego in the fall of 2012. They came to San Diego in 1996, when Scripps Health hired Balgrosky as CIO and senior vice president. He founded MaxIT Healthcare in 2001.