Great Pacific Capital Opens VC Fund

Santa Barbara-based Great Pacific Capital announced Wednesday that the firm has opened up a new early stage fund focused on the region. The firm, which is headed by former Fastclick CEO Dave Gross, said it will look to address the growing base of technology opportunities in the region. The fund said that it is looking at areas of new media/ecommerce/mobile commerce, software as a service (SaaS), medical diagnostics and wellness, manufacturing, renewable energy, and alternative transportation systems for investment.