January 22, 2020
THE FRESH SQUEEZE

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BLOOMBITES
Last newsletter , I ranted about OC being lumped into LA, and I have since learned why it's so prevalent.

MSAs, or Metropolitan Statistical Areas, are common economic regions that have been decided by the U.S. Office of Management and Budget (OMB). These are regions that have at least one urbanized area of 50,000 people. For instance, for LA/OC, the MSA is determined as Los Angeles-Long Beach-Santa Ana. In San Diego, it is San Diego-Carlsbad-San Marcos. In either case, for our LA/OC MSA,  Pitchbook has data  showing that the number of deals and total VC dollars are down in 2019 compared to 2018. This is not an LA/OC only thing. We  see the same  in San Diego. My plan is to do an OC-only deep dive on every deal of 2019 and present it here shortly with any findings.

Is that of interest?
Cheers,
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Local Podcast - Accelerate OC
Listen to Carey Ransom interview Ike Kavas, Founder and CEO of Ephesoft
ORANGE COUNTY TECH ECOSYSTEM NEWS

Huntington Beach-based Rocket Lab to launch payload for US NRO

Irvine's Enevate to license fast-charging battery tech XFC Energy

ACS Development Group plans new 50k sq ft medical building at Advanced Technology Education Park in Tustin

Industrious coworking expands with second location plus EQ Office management partnership in Costa Mesa

Final guidelines released for opportunity zones may generate increased investment in Orange County

Irvine welcomes new wet lab incubator open at University Lab Partners

Anaheim's Zyxel redesigns and expands Nebula Cloud Networking Solution

Irvine's Hard Drive Recovery Group releases notes about upcoming issues with Windows updates

Irvine-based Bosch announces connected kitchen tech with partner Chefling at CES
ACQUISITIONS

Irvine-based Masimo to acquire Connected Care assets for $47M

Irvine's Bioniz Therapeutics enters into option agreement for $15M for potential acquisition by Almirall up to $47M+

Trumark Cos., with its Trumark Homes business located in Newport Beach, sells 60% stake to Daiwa House USA for undisclosed terms

Laguna Niguel's ClientLook bought by LightBox for undisclosed terms
DEALS

Irvine's ShiftPixy sees shares jump after selling 60% of business for $20M

Irvine-based Tarsus closes $60M for testing new drug to combat eye disease

Laguna Hills-based Sonendo raises $85M for funding new dental tech
JOBS SPOTLIGHT
Account Executive, Cox Business Security Solutions (Foothill Ranch)

VP of eCommerce, Incipio Group (Irvine)

Product Manager, Netreo (Irvine)

Product Marketing Manager, Amazon (Irvine)

Marketing Content Writer, EnGenius Technologies (Costa Mesa)

Product Marketing Manager, NextVR (Newport Beach)

Software Engineer, Capital Group (Irvine)

Product Manager, Ephesoft (Irvine)

Software Engineer, Experian (Costa Mesa)

Partnerships & Affiliates Manager, Acorns (Irvine)

Product Marketing Manager, Asure Software (Santa Ana)
UPCOMING EVENTS
OC VC Fast Pitch @ Coastline Community College, January 23

MedTech Monday @ The Hills Hotel, January 27

OC Tech: Connect @ GameCraft Brewing, January 28

1 Million Cups @ EvoNexus Irvine, January 29

OC StartupDay VC and Angel Investor Experience @ Hangar 244, January 30

Persian Women In Tech OC @ Google Building Fair, January 30

Pitch and Learn with Investors @ WeWork Bayview, January 30

UCI Beall 5 Year Celebration & Grand Opening @ The Cove, February 12

Emerging MedTech Summit 2020 @ The Ritz-Carlton Laguna Niguel, February 18-20

1st Annual SoCal StartupDay @ Hangar 244, February 26
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