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Why Has Seed Investing Declined? And What Does this Mean for the Future?

Both Sides of the Table

Between 1999–2005 the costs went down by 90% and between 2005–2010 they went down a further 90%. million and my A Round in 2005 was only $500,000 (and that’s all I ever raised). The reality is that as a result of two major trends the costs of starting a technology startup went down massively.

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MaestroDev, Winston Damarillo's Latest Firm, Uncloaks At JavaOne

socalTECH

Damarillo is behind a number of successful firms based on open source, the most notable of which was Gluecode, which he sold to IBM in 2005. MaestroDev lists venture capitalist Leo Spiegel, of Mission Ventures, as a board member; Damarillo serves as Chairman. He's currently heading up Morphlabs , which shares the same address as MaestroDev.

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Stickam Shuts Down

socalTECH

Stickam had been founded in 2005. Reason for the shutdown was not disclosed. The Los Angeles-based company said that it "did everything we could to keep this dream alive", but was "sad to have to say goodbye." Last August, the company had announced a VIP membership program, which charged users $39.99

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Virgin Galactic Has First Rocket-Powered Flight Test

socalTECH

The company has been working since 2005 to commercialize technology in SpaceShipOne for space tourism. In an actual flight, the SpaceShipTwo will power itself into space, and later return by gliding back to earth. Virgin Galactic''s design is based on the first, commercial vehicle to reach space, the SpaceShipOne. READ MORE>>.

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Shopzilla Sold To Symphony Technology Group

socalTECH

Scripps bought Shopzilla in 2005 for $525M. The firms said that Symphony Technology Group would continue and accelerate the growth of Shopzilla. Scripps said that Shopzilla's "mission and future trajectory diverge" from the firm's focus on lifestyle media brands. READ MORE>>.

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ELC Technologies Acquired By Pourzanjani, Rahmat

socalTECH

Pourzanjani founded PriceGrabber and sold it to Experian in 2005 for $485M, and is among one of the active angel investors in Los Angeles. According to ELC Technologies, Rahmat takes the helm of ELC. ELC is known for its cloud computing applications development, and Ruby On Rails development. He currently heads up BestCovery.com.

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Conatus Pharmaceuticals Buys Idun Pharmaceuticals

socalTECH

Idun has been acquired by Pfizer in 2005. who also was CEO of Idun Pharmaceuticals when it was acquired by Pfizer in 2005. The firm said it plans to continue working on developing treatments for liver disease and oncology. Conatus' lead compound is a drug for treating the hepatitis C virus. The company is headed by Steven J.

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