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Technology veterans Tareq Risheq and Mark Thacker are no strangers to the world of hightech startups and angel and venture capital--Risheq was formerly CEO of Celllynx, Thacker was co-founder at Datallegro--but the way they're funding their newest startup is unusual, and a testament to the growing popularity of crowdfunding.
OCTANe , the OrangeCounty-based organization helping to bolster the hightech industry and entrepreneurs, reported this morning that in the first half of 2012, companies participating in its startup accelerator have raised a total of $26.8M in funding.
I think the biggest challenge we have, is to get these investors to see that the startup world is not totally based in the Bay Area, that we have a whole, West-coast ecosystem, which OrangeCounty is a part of. If you were to tell investors about OrangeCounty's strengths, what would you say?
OrangeCounty was second, with $161.9M The biggest deal for the quarter was for Venice-based photo messaging app developer Snapchat , which raised a huge, $60M funding round in the quarter. Southern California dropped to fourth in terms of investments in the region versus other hightech centers, behind Silicon Valley ($2.6
A quick message on a very busy funding day, to thanks to all of our sponsors, who make our coverage of Southern California's technology industry possible: Sponsors. Stradling Yocca Carlson & Rauth (www.sycr.com) Sponsoring socalTECH's OrangeCountyHighTech Report. MOTM Goes to OrangeCounty.
Looking to reach Southern California's hightech executives and. socalTECH.com offers up continuous coverage of Southern California's growing high. tech economy, with interview with the movers and shakers in the industry, coverage of. venture funding and business deals, technology develops, and more from Santa Barbara.
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