THE LOCAL BUZZ
Fueled by:
|
|
|
|
Did someone forward this to you? Subscribe by clicking on the button below:
|
|
There’s been some exciting momentum in a newer form of company creation in San Diego:
venture studios
. These are entities that incubate their own business ideas using both their own and external capital and recruit expert business leaders to launch new companies, aka startup factories. The trend I see is typically successful entrepreneurs start this model in the hopes of scaling their experience of going from start to finish, the chance to invest in more companies than their own, and be hands-on but also advise multiple companies compared to running one for 10+ years like they previously did.
In San Diego, we have had a data and artificial intelligence-focused studio called
Analytics Ventures
with the former
WebSideStory
founder as a backer since 2012. Experienced startup executives from
Active.com
and Kidzui started
Cursive Labs
in 2014 to incubate companies, which was acquired by Proper Media in 2018.
The Sandbox
was recently created by the founders of MaintenanceNet. Even biotech is getting in on the action as Greg Lucier, formerly of Life Technologies and NuVasive fame, is creating a healthcare company through M&A called
Corza Health
, backed by GTCR.
The latest studio is
Launch Factory
by the previous co-founder of Lumedyne,
Brad Chisum
and former Google technology executive
James Hereford
. In this month’s Tacos & Tech
podcast
, we get to know Brad’s journey of starting Lumedyne, selling to Google, and then building a new startup factory with an interesting
scout program
approach for sourcing leaders of the companies they will be launching. Launch Factory has just announced its first company and now you can help them refer the right founders and, in turn, gain stock in the entity. All of these studios are super interesting and exciting to see and are another creative way for us to grow great companies in San Diego. Let’s keep it going!
Cheers!
P.S. If you are at this week’s
Top Tech Awards
, come say hi! We’re excited to be partnering with our friends at Cox Business for a live Tacos and Tech podcast.
|
|
San Diego's Top Tech Awards are fast approaching. Join in on the fun on May 16 to honor outstanding local tech leaders.
|
|
ORIGINAL BREW
Our team of
local writers
gives a fresh look inside the San Diego tech ecosystem past and present
|
|
Join Neal Bloom as he chats with Brad Chisum, co-founder & CEO of Launch Factory, an entity that creates startup companies, focusing specifically on business execution.
Thanks to our partners at Cox Business for their support of our tech ecosystem.
Listen:
|
|
Vividion Therapeutics,
$82M
with Nextech Invest, among others
Trovata,
$5.5M
with Fintop Capital and JP Morgan Chase
MedCrypt,
$5.3M
with Section 32, Y Combinator, and Eniac Ventures
LunaDNA,
$4.6M
with ARCH Venture Partners, Bain Capital Ventures, F-Prime Capital, Illumina Ventures and Osage University Partners
GoSite,
$3.8M
with Serra Ventures, SaaS Ventures, and Mark IV Capital, among others
|
|
ACQUISITIONS
VertiFlex
by
Boston Scientific, $465M upfront with additional contingent payments
Pharmapace
by
WuXi, amount undisclosed
AdTactics Media Group
by
DFO, amount undisclosed
|
|
Thank you to our partners at Tragic Media. Click below to learn how they can support your web and software development needs.
|
|
Software Engineer,
Qualcomm
(Sorrento Valley)
Senior Storage Engineer,
Teradata
(Rancho Bernardo)
Marketing Specialist,
GreatCall
(Torrey Hills)
Human Resources Coordinator,
Whova
(Miramar)
Senior HR Coordinator,
NuVasive
(Sorrento Valley)
SaaS Sales Intern,
Classy
(Downtown)
Marketing Technology Analyst,
Axos Bank
(San Diego)
|
|
UCSD: 4th Annual Triton Entrepreneur Night,
May 16
SAIL Final Pitch Event by MissionEdge,
May 16
MD5: Off the Grid - Tactical computing capabilities in austere environments
,
May 17-19
Startup San Diego: 3rd Mondays May Meeting,
May 20
UCSD Extension: The 3 Metrics That Matter Most: Building the Blocks of Business Improvement,
May 21
San Diego Tech Hub May Meeting,
May 21
JLABS: How to Scale without Getting Scathed
,
May 22
Startup San Diego: 1st Mondays June Meeting,
June 3
JLABS: Advanced IP Strategies,
June 5
|
|
This year's San Diego Startup Week is the most wide-spread one in history.
Grab your tickets to join the fun!
|
|
3 REASONS TO SHARE THIS WITH FRIENDS
|
- Introduce them to a podcast they can listen to during their daily commute
- Help them stay in the loop to enhance water cooler conversations
- Find a buddy to attend local tech events with
|
|
Interested in sponsoring this email?
|
|
Have a tip or scoop or love tacos?
|
|
Follow us for the latest tech news!
|
|
|
|
|
|
|
