Monday, May 2, 2011
Where High Tech Meets High Surf - May 4th - Ventura Ventures
Where High Tech Meets High Surf: Ventura Ventures Technology Center.

Where are the next generation of high-tech companies getting their start? For many of them, the answer is four blocks from the beach, in the heart of downtown Ventura. The City-sponsored Ventura Ventures Technology Center is an incubator for a wide range of tech startups. You can meet the entrepreneurs behind those companies, and network with the venture investors, university professors, funding sources and business partners who are contributing to their success, on the evening of May 4.

Register at

Quigley: Venture Capital Revival Coming
William Quigley, a venture capitalist at Clearstone Venture Partners, is making the argument that venture capital returns are set to return superior returns in the coming years, due to the disinterest of institutional investors. In a report being released this evening, the State of Venture Capital in America, Quigley makes the argument that because venture capital has been "largely abandoned" by institutional investors, the sector is actually due to return "superior performance" to private inves (More info...)

posted on Monday, May 2, 2011(Full story)

Sony Online Entertainment: Customer Data Stolen
San Diego-based Sony Online Entertainment, the developer of massively multiplayer online games, has provided details of the intrusion on the firm's systems, saying that hackers may have stolen its customer information. Sony--which shut down its web site today--said that it discovered yesterday that hackers may have stolen information from the firm on April 16th and 17th. Sony said the information included name, address (city, state, zip, country), email address, gender, birthdate, phone number, (More info...)

posted on Monday, May 2, 2011(Full story)

Sony Online Entertainment Offline Due To Hacking
The web site of San Diego-based Sony Online Entertainment, the developer of massively multiplayer online games, was shut down today, along with, another Sony site, due to continued issues with hacking of the firm's systems. According to a notice on Sony Online Entertainment's website today, the site has been shut down due to the investigation into the hacking of its Qriocity and Playstation Network video game service last week. Sony, in a terse statement on the site, said it discover (More info...)

posted on Monday, May 2, 2011(Full story)

Fallbrook Technologies Pulls IPO
San Diego-based Fallbrook Technologies, the developer of electrical transmission technology for the automotive industry, has pulled its IPO, according to a filing from the firm. Fallbrook said in the filing that it has decided to pull its initial offering "because of unfavorable market conditions." Fallbrook had originally filed for an IPO in February of 2010. Fallbrook is venture backed by NGEN, Mtion Systems, and others.

posted on Monday, May 2, 2011(Full story)

CapLinked Adds Badge
Manhattan Beach-based CapLinked, the developer of software for managing fundraising by startups, which is headed by early PayPal employee Eric M. Jackson, said over the weekend that it has debuted a new feature which lets companies embed a "raising capital" badge on their website or blog. The badge links back to CapLinked's site and a company's profile. The firm said the new link would make it easier for potential advisors, investors, and others to contact a company. CapLinked is backed by angel (More info...)

posted on Monday, May 2, 2011(Full story)

GotCast Plans Spinoff Website For Social Media Contests
Santa Monica-based GotCast, the online casting site run by Alec Shankman, told its users today that it is gearing up to launch a new, spin-off website for its social media contest platform. GotCast said the platform--MediaBlastr--is the softare it uses to power its casting community on GotCast, as well as its various social media contests it has been running for TV networks and brand clients. No other details of the new effort were announced by the company. GotCast allows casting agents to post (More info...)

posted on Monday, May 2, 2011(Full story)

Interview with Wes Brodsky, SaveFans
In recent weeks, online ticketing has seen a surge in interest and funding. Los Angeles-based SaveFans ( recently raised some funding for its take on secondary ticketing, so we thought we'd speak with founder Wes Brodsky about the company and where it's going.

Describe SaveFans and what it does?

Wes Brodsky: SaveFans is a negotiation model for the ticketing space. We are an offer-based platform that allows users to negotiate the price they buy and sell tickets for, on the (More info...)

posted on Monday, May 2, 2011(Full story)

Triptrotting Looks To Connect Travelers, Locals
Pasadena-based Triptrotting, a new startup funded by Idealab, is launching its service today, to help match travelers to like-minded local hosts. Triptrotting uses an algorithm to match travelers and locals, to help them on their trips. The firm said the algorithm was developed with the help and expertise of former eHarmony Chief Scientist Galen Buckwalter. Triptrotting's founders are Aigerim Duiseneyeva and Shana Zheng. Troptrotting said it matches travelers and local hosts based on personality (More info...)

posted on Monday, May 2, 2011(Full story) Takes On Daily Deals
Irvine-based is entering the daily deals market, saying this morning it has launched a new service, Spreebird, delivering daily deals across hundreds of markets nationwide. said the site will launch in Denver, Philadelphia, and Orange County at first, with 17 additional markets planned by the end of the year. said it will start directly sourcing deals in May, giving local merchants and national retailers a way to offer daily deals to consumers via email. s (More info...)

posted on Monday, May 2, 2011(Full story)

Nirvanix Names VP
San Diego-based Nirvanix, the provider of cloud storage services, said this morning that it has appointed Karen Sigman as its new Vice President, OEM and Alliances. Sigman joins the firm from QLogic, and has also served at Hitachi Data Systems, DataDomain, and IBM. Nirvanix said Sigman will be responsible for both partner relationships, as well as OEM and strategic alliances in the enterprise storage market.

posted on Monday, May 2, 2011(Full story) Buys Krillion
Irvine-based announced this morning that it has acquired Krillion, a location-based product search startup. said it paid $3.5M in cash for all of the outstanding capital stock of Krillion. Krillion aggregates product information from retailer websites, and allows users to search for in-stock products at local retailers. Krillion was venture backed by Hummer Winblad Venture Partners and Leapfrog Ventures, and had raised at least $9.55M in funding. said it was advised (More info...)

posted on Monday, May 2, 2011(Full story)

Life Technologies Adds Board Member
Carlsbad-based Life Technologies, the developer of life sciences analysis equipment, said last week that it has named Dr. Ora Hirsch Pescovitz to its board of directors. Pescovitz is Executive Vice President for Medical Affairs and Health System Chief Executive Officer at the University of Michigan. Pscovitz replaces Dr. W. Ann Reynolds Ph.D., who is retiring from the company's board.

posted on Monday, May 2, 2011(Full story)

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Vator Splash LA - May 26 - Los Angeles
On the evening of May 26, Vator will be holding its inaugural Vator Splash LA event at The Highlands Hollywood. This upcoming Splash will showcase 10 up-and-coming startups, prominent VCs and founders of the leading LA-based companies - Demand Media and ReachLocal. Hear Shawn Colo, co-founder and EVP of M&A at Demand Media, share his lessons and advice on building Demand from scratch in 2006 to one of this year's hottest IPOs. Shawn will also talk about the future of Demand. Hear Zorik Gordon, co-founder and CEO of ReachLocal, share his lessons and advice on building his startup since 2004 to become one of the hottest tech IPOs last year. With ReachLocal's recent acquisition to get into the daily deals business, Zorik will also address his view on the future of daily deals.

SocalTech has secured a great discount for our members. Use "SocalTech30" for a 30% discount on tickets:

Entrepreneurs Conference - UCLA - May 13th
Join us at the 26th annual Entrepreneurs Conference at UCLA Anderson on Fri, May 13th. We welcome an audience of more than 400 students and professionals for a full day of networking and learning events including industry panels (Micofinance, New Media, Real Estate, Cleantech, Retail, Restaurants, Education), real world case studies (Local Marketing, Business Development and Fundraising), fast pitch competition, and two Keynote addresses by Paige Craig (angel investor and BetterWorks CEO) and
Will Kassoy (gaming veteran and CEO of mobile entertainment startup Jirbo).

Early bird discounts available till May 6! Save an additional 15% using the code SOCALTECH. Please visit the website for schedule, bios and ticket information:

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