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OCTANe , the Orange County-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.
That was primarily driven by the economy; when the economy is down, investments are down, and it is increasingly difficult to d a startup. At the same time, the need for the products and services that OCTANe provides are greater in a recessionary economy than in when the economy is booming. Thanks for the time this morning.
Every year, we feature the year end reflections of founders, CEOs, investors, sposors, and others in Southern California's hightech community. Andy Wilson is a well known leader in the Southern Californian innovation ecosystem and has started, led or invested in more than two dozen tech start-ups.
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