Friday, June 5, 2009Thanks to socalTECH's Sponsors!Thanks to all of the sponsors and advertisers, who allow us to keep you updated on Southern California's high tech news and companies. They include:
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Redpoint Ventures (www.redpoint.com).
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Insights and Opinions: Entrepreneur and Investor AlignmentWe're continuing to share the insights of local entrepreneurs, venture capitalists, and others through our Opinions and Insights section. Today, Peter Lee, a venture capitalist at Baroda Ventures, an early stage investment fund in Los Angeles, he addresses the issue of matching entrepreneur and investor goals.
Having seen many different start-up situations from both the VC side as well as the start-up side, the importance of investor and entrepreneur alignment is often under-estimated in it (More info...)
posted on Friday, June 5, 2009(Full story)
Alphatec Spine Gains $10M In PIPECarlsbad-based Alphatec Holdings, the parent firm of medical device firm Alphatec Spine, announced Friday that the firm has raised $10M in a private placement. According to the company, the funding came from Healthpoint Capital Partners II, L.P. The firm said the funding would go towards general working capital purposes. Thomas Weisel Partners was the placement agent in the round.
posted on Friday, June 5, 2009(Full story)
Emulex: New Broadcom Info "Littered" With Misleading StatementsCosta Mesa-based Emulex is continuing its campaign against Broadcom's hostile takeover bid of the firm, releasing a note Thursday saying that presentation materials issued this week by Broadcom are "littered with misleading statements and mischaracterizations." Emulex President and CEO Jim McCluney reiterated that the firm believes that Broadcom's tender offer is "inadequate," and also said that Emulex's request for a consent solicitation and special shareholder meeting is just an attempt to rep (More info...)
posted on Friday, June 5, 2009(Full story)
Leads360 Ties Into AllstateLos Angeles-based Leads360, a developer of Internet leads management software, reported earlier this week that the firm has partnered with firm Quote Burst to allow Allstate agents to receive, quote, follow-up, and track new sales leads. Financial impact of the partnership and terms were not disclosed. Leads360 said the move is targeted at helping agents manage the high volume of leads they get via the Internet; the firm cited Pew Internet Survey reports saying that 75% of insurance buyers are l (More info...)
posted on Friday, June 5, 2009(Full story)
Projecturf Takes On Project ManagementRedondo Beach-based Projecturf has launched a new, online project and collaboration software product, which the firm is targeting to small and medium sized businesses. According to the site, it provides task tracking software for managing initiatives and projects, and is targeted at users of Microsoft Project. The new site is the brainchild of Chuck Pearson, who also runs interactive agency Rareview. According to the firm, it will offer a number of subscription plans for the software, starting a (More info...)
posted on Friday, June 5, 2009(Full story)
Pharos Ships Windows GPS PhoneTorrance-based Pharos Science & Applications said this week that it has shipped a new Windows phone which combines the firm's GPS technology with access T-Mobile and AT&T wireless networks. According to Pharos, the new Traveler 137 phone is based on Windows, and includes voice-prompted navigation system, GPS capability, an on-board phone, and other features. The phone lists for $599.95. Pharos is a developer of GPS navigation devices and other related products.
posted on Friday, June 5, 2009(Full story)