Tech CEO Pay Rises From 10-Year Low, Q3’s Biggest VC Deal Goes to SkinIt, Avalon Ventures Gets a New Headquarters in La Jolla & More San Diego BizTech News
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the same quarter of 2009, when local tech companies got just 35 percent of the $251.6 million that VCs invested. The biggest deal of the quarter ($60 million) went to SkinIt, a San Diego company making adhesive “skins” to personalize laptops, mobile phones, and other consumer electronics. Other tech companies that got funding: Zeebo ($15 million); Verve Wireless ($7 million); Fallbrook Technologies ($6 million).
—Ricardo dos Santos, Qualcomm’s (NASDAQ: QCOM) senior director of new business creation and innovation, told me he hopes to stimulate more creative invention and entrepreneurship among Qualcomm’s rank and file by establishing closer ties with the annual “quick pitch” event that Southern California’s Tech Coast Angels organizes each year for startup founders and entrepreneurs.
—Endeca Technologies, a Cambridge, MA, startup that develops enterprise search and mobile business intelligence applications, formed a strategic partnership with Mellmo, the Del Mar, CA, startup that specializes in mobile graphic display technology for business intelligence data.
—San Diego-based Extrabux, an online retailing startup that extends cash-back and rebate offers to users of its comparison shopping service, started working with Inuvo (NYSE Amex:INUV) of Clearwater, FL, to create an integrated cash back and discount coupon application for Web publishers and mobile application software developers.