May 14, 2019
THE LOCAL BUZZ

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Welcome to The Local Buzz, your inside scoop on San Diego’s tech scene. Keep up to date on our Fresh Brewed Tech website.
BLOOMBITES
There’s been some exciting momentum in a newer form of company creation in San Diego: venture studios . These are entities that incubate their own business ideas using both their own and external capital and recruit expert business leaders to launch new companies, aka startup factories. The trend I see is typically successful entrepreneurs start this model in the hopes of scaling their experience of going from start to finish, the chance to invest in more companies than their own, and be hands-on but also advise multiple companies compared to running one for 10+ years like they previously did.

In San Diego, we have had a data and artificial intelligence-focused studio called Analytics Ventures with the former WebSideStory founder as a backer since 2012. Experienced startup executives from Active.com and Kidzui started Cursive Labs in 2014 to incubate companies, which was acquired by Proper Media in 2018. The Sandbox was recently created by the founders of MaintenanceNet. Even biotech is getting in on the action as Greg Lucier, formerly of Life Technologies and NuVasive fame, is creating a healthcare company through M&A called Corza Health , backed by GTCR.

The latest studio is Launch Factory by the previous co-founder of Lumedyne, Brad Chisum and former Google technology executive James Hereford . In this month’s Tacos & Tech podcast , we get to know Brad’s journey of starting Lumedyne, selling to Google, and then building a new startup factory with an interesting scout program approach for sourcing leaders of the companies they will be launching. Launch Factory has just announced its first company and now you can help them refer the right founders and, in turn, gain stock in the entity. All of these studios are super interesting and exciting to see and are another creative way for us to grow great companies in San Diego. Let’s keep it going!

Cheers!

P.S. If you are at this week’s Top Tech Awards , come say hi! We’re excited to be partnering with our friends at Cox Business for a live Tacos and Tech podcast.
San Diego's Top Tech Awards are fast approaching. Join in on the fun on May 16 to honor outstanding local tech leaders.
ORIGINAL BREW

Our team of local writers gives a fresh look inside the San Diego tech ecosystem past and present
TACOS & TECH PODCAST
Join Neal Bloom as he chats with Brad Chisum, co-founder & CEO of Launch Factory, an entity that creates startup companies, focusing specifically on business execution.

Thanks to our partners at Cox Business for their support of our tech ecosystem.

Listen:
RECENT DEALS
Vividion Therapeutics, $82M with Nextech Invest, among others

Trovata, $5.5M with Fintop Capital and JP Morgan Chase

MedCrypt, $5.3M with Section 32, Y Combinator, and Eniac Ventures

LunaDNA, $4.6M with ARCH Venture Partners, Bain Capital Ventures, F-Prime Capital, Illumina Ventures and Osage University Partners

GoSite, $3.8M with Serra Ventures, SaaS Ventures, and Mark IV Capital, among others

CortiCare, amount undisclosed , with HCAP Partners
ACQUISITIONS

VertiFlex by Boston Scientific, $465M upfront with additional contingent payments

Pharmapace by WuXi, amount undisclosed

AdTactics Media Group by DFO, amount undisclosed
Thank you to our partners at Tragic Media. Click below to learn how they can support your web and software development needs.
JOBS SPOTLIGHT
Software Engineer, Qualcomm (Sorrento Valley)

Product Manager, Lawn Love (Downtown)

Senior Storage Engineer, Teradata (Rancho Bernardo)

Marketing Specialist, GreatCall (Torrey Hills)

Human Resources Coordinator, Whova (Miramar)

Product Manager, PlayStation (San Diego)

Senior HR Coordinator, NuVasive (Sorrento Valley)

SaaS Sales Intern, Classy (Downtown)

Marketing Technology Analyst, Axos Bank (San Diego)

Staff Software Engineer, Illumina (UTC)
UPCOMING EVENTS
UCSD: 4th Annual Triton Entrepreneur Night, May 16

SAIL Final Pitch Event by MissionEdge, May 16

MD5: Off the Grid - Tactical computing capabilities in austere environments , May 17-19

Startup San Diego: 3rd Mondays May Meeting, May 20

UCSD Extension: The 3 Metrics That Matter Most: Building the Blocks of Business Improvement, May 21

San Diego Tech Hub May Meeting, May 21

JLABS: How to Scale without Getting Scathed , May 22

Startup San Diego Startup Week, May 28 - June 2

Startup San Diego: 1st Mondays June Meeting, June 3

JLABS: Advanced IP Strategies, June 5
This year's San Diego Startup Week is the most wide-spread one in history.
Grab your tickets to join the fun!
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TACO TO YOU LATER
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