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A new study released earlier this month has ranked the SantaBarbara-Santa Maria-Goleta metropolitan area, as well as the San Diego-Carlsbad-San Marcos metropolitan area among the top ten markets for venturecapital activity. venturecapital deals per 100,000 people. San Jose-Sunnyvale-Santa Clara; 2.
Of the first four investments I made as a VC in 2009, two have exited and two (Invoca & GumGum) still are independent and likely to produce $billion++ outcomes . All four companies were in Los Angeles (or adjacent … SantaBarbara) and our community has now matured and regularly produces billion dollar+ outcomes.
Later today I’m presenting at the annual Rincon Ventures Summit in SantaBarbara. The median VC exit price for deals is $70 million (FLAG Capital via Bryce.VC). Bimodal returns are a fallacy, many great VC funds are built on the power law curve. They say the same about VC.
Venturecapital 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. billion invested in 780 venturecapital deals for Q3. Nationwide, there was $4.8 in investments.
Kamran Pourzanjani , the former CEO and founder of PriceGrabber.com, and Omid Rahmat , the former CEO of Tom's Hardware, have acquired Portland- and SantaBarbara-based ELC Technologies , the development firm founded by Jonathan Siegel. According to ELC Technologies, Rahmat takes the helm of ELC. READ MORE>>.
San Diego-based Fallbrook Technologies , a developer of continuous variable transmissions for the electric car and other industries, has raised $6M more in venturecapital, according to an updated S-1 from the firm. Tags: fallbrook technologies electric cleantech venturecapital.
This morning's interview is with Kevin O'Connor , a longtime investor and serial entrepreneur, who is now running venturecapital investment firm ScOp VentureCapital. Congrats on the new name for your venturecapital firm. It's always hard with venturecapital. I was blown away.
SantaBarbara-based CALIENT Technologies , a developer of photonic switching products, said today that it has raised $10M in an expansion financing round. Tags: calient technologiesventurecapital photonic semiconductor. Gupta becomes Chairman of the firm's board along with the funding.
SantaBarbara-based CALIENT Technologies said this morning that it has raised $27M in a round of venture funding, from both new and existing investors. According to Calient, it will use the funding to enhance its portfolio of optical circuit switching systems, to extend its IP portfolio, and for working capital.
SantaBarbara-based Restaurant Revolution Technologies , a firm developing restaurant order management technology, has raised a round of venture funding, according to BR Venture Fund , a MBA student run venturecapital fund based out of Cornell University.
SantaBarbara-based CALIENT Technologies , a developer of photonic switching equipment, said this morning that it has raised $19.4M in a round of venture financing. CALIENT Technologies is headed by Atiq Raza, and develops modular photonic switching systems. The round came from both new and existing investors.
Instead, grab your surfboard and head to UC SantaBarbara. In addition, Entrepreneur Magazine recently included UCSB in its Top 50 Schools For VC Backed Entrepreneurs at number 37. A decent showing, but well below a number of larger schools, as the ranking is based on the number of graduates who secured VC funding.
On Thursday, the City of Ventura is formally launching a new incubator, the Ventura VenturesTechnology Center (www.v2tc.com), targeted at high tech businesses. The incubator so far includes startups Lottay , Geodelic , and a number of other Internet and other technology firms. The purpose was to deliver high value jobs.
A quick analysis of venturecapital deals in Q1, tracked by socalTECH, finds that there was around $1.4 billion in venture activity here in Q1, up significantly from around $997M tallied in Q4. The growing clean technology sector also helped numbers, with $74.0M for Santa Monica electric vehicle firm Coda Automotive.
Michael Pfau (SantaBarbara … Reicker Pfau). He knows every startup & VC in town.” When I first arrived in LA my good friend Matt Pillar (a long-term veteran of tech, media & VC) who had been in LA for some time told me, “in LA there’s none better than David.” By now I know many more.
SantaBarbara-based AnsibleWorks announced today that it has raised $6M in a Series A round, to go towards the company''s open source, IT automation tools. The funding was led by Menlo Ventures. ansibleworks automation software tools venturecapital open source' The company''s CEo is Said Ziouani. READ MORE>>.
Goleta-based Transphorm , a developer of energy efficiency and power conversion technology, emerged from stealth today, saying it has just closed a $20M, Series C funding led by Google Ventures. Transphorm said its power modules eliminate up to 90 percent of all electric conversion losses. READ MORE>>.
SantaBarbara-based MEMs technology developer Innovative Micro Technology (IMT) said early this morning that it has received a majority equity financing from Cerium Technology. Cerium Technology is an investment firm focused on the Internet-of-Things (IoT) market. IMT is currently led by CEO Craig Ensley.
SantaBarbara-based SpectraFluidics , a developer of chemical detection systems, announced yesterday that it has received a strategic investment from In-Q-Tel , the venturecapital arm of the CIA. The technology is also being targeted at food and agricultural safety. Size of the investment was not disclosed.
Goleta-based Transphorm , a stealth-mode firm developing hydrogen generating technology for the clean energy market, has raised $20.2M in a venture funding, according to a regulatory filing by the firm today. Tags: transphorm venturecapital kcpb kleiner perkins hydrogen energy cleantech ucsb.
SantaBarbara-based InTouch Technologies , a developer of remote presence systems used for the healthcare industry, announced today that it has raised $10M in a private placement. Growth Capital Fund, and also included Galen Partners, InvestCare Partners, Twenty One East Victoria Investments, and others.
We''re proud to announce the Socaltech 50 , our list of the 50, up-and-coming people in Southern California''s technology ecosystem. Daryl Bernstein , RightSignature (SantaBarbara, software). James Borow and Clark Landry (shared position), SHIFT (Los Angeles, Santa Monica, advertising).
SantaBarbara-based Impact Radius , a developer of multi-channel, performance advertising technology, announced today that it has raised $6M in a venture funding round. The round was led by Redpoint Ventures. Tags: impact radius venturecapital startup advertising performance executive redpoint.
Soraa , the UC SantaBarbara spinout funded by Khosla Ventures, NEA, and NGEN Partners, has unveiled its first product, a new LED lighting lamp. Soraa's efforts are backed by more than $100M in venturecapital, and the firm's founders include Shuji Nakamura, the developer of the blue LED.
SantaBarbara-based ShipHawk , the online developer of technology for helping connect users with shipping companies, has raised $5M in a funding round, the company said this morning. shiphawk shipping marketplace logistics startup venturecapital dncapital' READ MORE>>.
SantaBarbara-based RingRevenue , which develops call marketing automation technology, said Wednesday that it has raised $3.25M in a funding round. The round was led by GRP Partners and Rincon Venture Partners. RingRevenue said that in 2012, advertisers have generated more than $200M worth of sales using its technology.
Recently I wrote a post arguing to make the definition of a Startup more inclusive than that to which Silicon Valley, fueled by VentureCapital return profiles, would sometimes like to attach to the word. Elect 1-2 representatives and even invite a local VC to invest personally and sit on the investment committee or be an advisor.
SantaBarbara-based RingRevenue has raised $3.25M in a Series B-2 funding round, according to a regulatory filing by the firm Monday. The company--which provides call tracking technology for the affiliate marketing industry--said in the filing that the funds would be used for working capital.
One of the most active areas of interest and growth in the technology industry today is cloud computing--the use of computing resources on the Internet, to accomplish tasks that normally would have taken a server farm or local systems. Funding: $25.5M, from Benchmark Capital, BV Capital, and New Enterprise Associates [ Profile ].
SantaBarbara-based Live Data Technologies said this morning that it has raised $5M in a Series A funding round. Source of the funding was not announced. The company says it is developing software to verify B2B contact data for people, tracking people as they move jobs.
Below is a talk on New Venture Investing from the University of California SantaBarbara’s Technology Management Program, by Jim Andelman. In this video Jim Andelman explores venturecapital investing and the emergence of capital efficient businesses.
Appropriately enough, we gathered in the about-to-open Synergy Business and Technology Center, SantaBarbara’s latest incubator. Some accelerators offer a fixed amount of money at a low valuation to new companies that join them, while others take a more VC-like approach, offering negotiable amounts and valuations.
SantaBarbara-based TrackStreet , a developer of brand protection software, has raised $5.1M According to TrackStreet, it is developing brand protection technology, which uses artificial intelligence and automation to help brands monitor brand, MAP (minimum advertised price), and resale pricing violations. in a funding round.
VentureCapital is a tricky industry. Since the majority of VC returns come from a small number of deals, “obvious” investments seldom return such incredible multiples. Apeel Technologies. When Fred Wilson funded Twitter I guarantee you it wasn’t obvious that it was a billion dollar idea. Far from it.
Editor's note: As we head into the new year, we've been featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. Thanks so much to our co-hosts Aspire3, VC Innovates and RC Makes, and to lead sponsor NewCo Foundation. Nothing that really blew me away.
SantaBarbara-based InTouch Health , a developer of remote presence technology and robotics for the healthcare market, has scored a $6M investment from iRobot. iRobot said the investment gives it a minority position in InTouch, and is an expansion of a joint development and licensing agreement between the two companies.
SantaBarbara-based Transphorm , a developer of high efficiency, power conversion technology, confirmed today that it has raised $25M in a Series D funding round. Prior investors Kleiner Perkins Caufield & Byers, Google Ventures, Foundation Capital and Lux Capital also participated in the funding.
SantaBarbara and the labs of blue LED inventor Shuji Nakamura, has raised $88.6M Source of the funds have not been announced, however, the firm has previously raised capital from Khosla Ventures, and New Enterprise Associates now holds a seat on the board. The round is a Series B funding.
SantaBarbara-based Entrada Ventures, a venturecapital firm led by Alexander Fang, the former co-founder of Aurrion (acquired by Juniper Networks), has raised $1.6M in a special purpose venture investment fund. The SPV was disclosed through a regulatory filing.
SantaBarbara-based Cielo24 , a developer of technology to which helps caption and make online video searchable, has raised $5M in a Series A funding. The funding was led by ff VentureCapital, and also included North Base Media, Pereg Ventures, Indicator Ventures, Wavemaker Partners and others.
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; SantaBarbara Hit And it's also interesting to see what geographies are being associated with "Layoffs" more often than others: Layoffs Woodland Hills Layoffs (..)
SantaBarbara-based RingRevenue , which is developing technology for pay-per-call, telephone affiliate advertising, has raised $3.5M in a funding from GRP Partners, Rincon Venture Partners, and Great Pacific Capital. Tags: ringrevenue venturecapital call telephone affiliate advertising. READ MORE>>.
Tortuga Logic , a new startup focused on chip-level cybersecurity technology whose founders include professors from UC San Diego and UC SantaBarbara, has raised $2M in a seed funding, the company disclosed on Thursday. The seed funding came from Eclipse Ventures.
SantaBarbara-based OWL Biomedical , a developer of microchip-based disposable cell sorting technology for the biomedical industry, has raised $3.0M, part of an ongoing funding with a target of $16.8M, according to regulatory filings. OWL is a biotech firm which is a spinout of MEMS foundry Innovative Micro Technology.
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