Fred Kavli, a Norwegian-born entrepreneur, scientist and philanthropist who created thousands of jobs and gave millions for the study of theoretical physics, died at his home in Santa Barbara on Nov. 21. He founded KavliCo Corp., a Moorpark-based maker of advanced sensors for cars and aircraft. He also invested in real estate for more than 50 years.Read More →
A company looking to shake up the moving industry took home $55,000 and the top spot at Santa Barbara’s third Startup Weekend, one of 200 such gatherings taking place across the globe Nov. 15-17.
The event challenges budding entrepreneurs and programers to launch a startup with just 54 hours separating the concept and final product. The events have been held in Santa Barbara, Santa Maria and San Luis Obispo. The execution, design and business model of the pitches were judged by Kevin O’Connor, co-founder and CEO of Summerland-based FindTheBest; Klaus Schauser, co-founder and chief strategist of AppFolio in Goleta; and Jon Funk of Ocean Road Partners, among others.
A website called NextMover took home first place for its interface that aims to provide users a cheaper alternative to moving companies. Marketing itself as “your friend with a truck,” the site connects movers with others who can get the job done and are looking to make a quick buck.Read More →
Thousand Oaks-based ImmunGene, a cancer treatment firm led by a former Amgen scientist, has raised $9 million from Ally Bridge Group, an investment group with ties to Hong Kong.
ImmunGene’s so-called antibody-cytokine fusion technology could help improve the cancer-cell targeting in therapies. President and CEO Sanjay D. Khare was formerly the scientific director at Amgen, the biotech giant. Prior to the funding, ImmunGene had received several hundred thousand dollars in federal research grants.
Antibody technologies hold promise for creating cancer treatments that do less damage to healthy cells. Molecules are crafted to mimic the body’s own immune system and bind to specific defects in cancer cells.Read More →
Alongside its everyday wealth and investment management business, San Luis Obispo-based Taylor Frigon Capital Management has been quietly making venture capital investments over the past five years that are gaining attention from Silicon Valley heavyweights.
Taylor Frigon’s venture investment arm, Taylor Frigon Capital Partners, was an early investor in a company called Otoy in Los Angeles. The company has recently inked deals with a spate of big players — Firefox parent Mozilla, Amazon’s cloud services branch and Autodesk, the gold-standard for 3-D rendering software — to crack a previously unachievable goal.Read More →
“It became evident that, if you don’t think creatively about AB32, it could really restrict your business’ growth,” Hullar said. “But if you play your strategies right, you can make a lot of money with AB32 – if somebody is buying, that means somebody is selling.”Read More →
The $1.6 billion Westlake Village-based digital advertising company has been under fire from investors — and trial attorneys — for its reliance acquisitions to produce revenue growth. It has also faced criticism of the steep losses it has taken on selling off business lines that didn’t work out.Read More →