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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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ELC Technologies Acquired By Pourzanjani, Rahmat

socalTECH

ELC is known for its cloud computing applications development, and Ruby On Rails development. Pourzanjani founded PriceGrabber and sold it to Experian in 2005 for $485M, and is among one of the active angel investors in Los Angeles. Financial terms of the deal were not disclosed. He currently heads up BestCovery.com.

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MaestroDev Names President

socalTECH

Manhattan Beach-based MaestroDev , the developer of private cloud computing software, has officially named Doug Dennington as the firm's new President. Damarillo sold Gluecode in 2005 to IBM. Tags: maestrodev private cloud computing software saas executive president. READ MORE>>.

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Morphlabs Raises $5M

socalTECH

Manhattan Beach-based Morphlabs , the developer of cloud computing products headed by Winston Damarillo, announced this morning that it has raised $5M in a Series C funding round. According to Morphlabs, the round was led by Japanese strategic partner BBT, as well as a private, Indonesia-based investor group. READ MORE>>.

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Morph Labs Takes On Private Clouds

socalTECH

Morph said it has launched Morph CloudServer, a set of software tools to manage and provision enterprise cloud computing. The firm said the software leverages Amazon's AWS API, and is looking to simplify and accelerate adoption of cloud computing. Damarillo founded GlueCode Software, which he sold to IBM in 2005.

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Reflections On 2016: John Greathouse, Investor, Professor at UC Santa Barbara

socalTECH

I am very excited with the prospects of the San Diego market, as it reminds me of Santa Barbara circa 2005. That said, I did enjoy this talk by a16z's Peter Levine regarding the future of cloud computing. John Greathouse: We opened up our practice in San Diego by investing in Zingle and Raken.

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Morphlabs Raises $5.5M

socalTECH

Morphlabs is developing a cloud-based computing appliance which is used to manage and deploy elastic computing clouds. Damarillo is best known for founding Gluecode, which he sold to IBM in 2005, and has since been starting up firms whose basis is open source software.