December 17, 2019

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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.
This is the last newsletter of the year, and of the decade! There is a lot to cover. First off, we are thrilled to announce Startup San Diego has hired a new Executive Director. Alexa-Rae Navarro , a UCSD alum, has spent the last eight years immersed in the Los Angeles startup world and is coming home to help us grow our early stage ecosystem. Welcome Alexa-Rae and expect to see a lot of her in 2020.
In 2019, Fresh Brewed Tech embarked on a new early tech founding story, covering the tech mafia of and a lot of local companies that have come from it. Get ready for new origin stories we call the SD Tech Mafia in 2020, including HNC. We also have a new UCSD TritonTech spinout story with Shiv Shukla’s Neuralace . What other stories should we tell in 2020? Fill out our survey to let us know.

Meanwhile, it’s been a busy year in San Diego’s tech ecosystem. We just had some recent big acquisitions worth noting, many of them foreign-based acquirers. Pacific Beach sunglass maker, Blenders, sold a majority share of the company to an Italian brand, valuing the business at $90 million. Biotech PR firm Canale Communications sold to an Irish company, with the deal worth up to $31 million with earnouts. Continuing on the biotech megadeals of the year, La Jolla-based Synthorx, already public, was acquired by Paris-based Sanofi for $2.5 billion. Ballast Point was acquired again (!!!) by a Chicago craft brewery, bringing the company private again. A company I co-founded, Portfolium’s parent company, Instructure, got a $2 billion offer to be taken private by private equity firm Thoma Bravo. Congrats to all the companies, especially with keeping your teams local in these acquisitions. We look forward to further seeing the capital trickle down to the community. Do I hear new angel investors, and maybe even some more tech mafia pieces?

Speaking of angel investing, local entrepreneur Al Bsharah is looking for feedback on how to create solutions to enable more entrepreneurs to invest earlier in their careers. Can you help by filling out this 3 minute survey?

We will have a lot of continued great momentum going into 2020. A very happy and warm holidays to you and your family. Our team looks forward to continuing to spread the San Diego tech gospel in 2020. See you next decade!


Follow @FreshBrewedTech on Twitter for regular SD tech updates throughout the day.
Our team of  local writers   gives a fresh look inside the San Diego tech ecosystem past and present

Soon-Aik Chiew (SA), Chief Product Officer of Softinn Solutions and Startup Melaka leader.

Thanks to our partners at Cox Business for their support of our tech ecosystem.
Follow our Tacos & Tech  Twitter  for podcast episodes and taco content
Netly, $40M with Ubiquity Partners

Accel Robotics, $30M with SoftBank Group Corp, New Ground Ventures, Toyo Kanetsu Corporate Venture Investment Partnership, and RevTech Ventures

SOCi, $12M with Vertical Venture Partners, Grayhawk Capital, and Ankona Capital

Aspen Neuroscience, $6.5M with Domain Associates, Section 32, OrbiMed, Axon Ventures, Alexandria Venture Investments, and ARCH Venture Partners

XOKind, $1.67M with Section 32, Naveen Rao, and Ishan Mukherjee, among others

Diagnomics, undisclosed amount with Oncology Pharma
Ballast Point by Kings & Convicts, amount undisclosed

Blenders Eyewear by Safilo, at a $90M valuation
Sales Engineer II, Cox Business (San Diego)

Project Manager, Public Sector, Microsoft (UTC)

Human Resources Coordinator, Evofem Biosciences (Del Mar)

Embedded Security Engineer, Google (Sorrento Valley)

Vice President, Talent Acquisition, AppFolio (Kearny Mesa)

Sr. Account Executive, Slack (San Diego)

Deep Learning Software Engineer, Intel (San Diego)

Staff Accountant, Black Mountain Systems (Del Mar)

Marketing Operations Lead, Classy (Downtown)

Software Engineer, Veyo (UTC)
San Diego Tech Hub December Meeting, December 17

Computer vision: from zero to done in under 30 minutes by Jason Koo , December 17

San Diego Tech Coffee Meetup, December 18

Startup San Diego 1st Mondays in Tijuana, January 6

LEARN Academy: 5th Anniversary Party, January 16

TechCon Southern California, January 25

MCAA 2020 Technology Conference, January 29-31
We welcome any and all feedback here . 🌮 We value your opinion and will send you good taco energy if you take a minute to tell us what you think .
Saying goodbye to a good year is like saying goodbye to a good taco - it’s never easy. Upward and onward!
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