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Company Avoids VC Funding Route, While Raising $20 Million in Capital
Earlier in his career, Leading BioSciences Inc. CEO Greg Doyle started and sold four businesses, raising more than $60 million in seed and Series A and B funds for his startups.
San Diego-based Retail Opportunity Investments Corp. posted an 18.5 percent increase in total third-quarter revenue from a year ago, reaching $59.4 million for the period ending Sept. 30.
Much is made of how San Diego measures up to the nation’s top startup communities of San Francisco, Silicon Valley and New York City.
EY’s annual EY Connect Day is Sept. 30 each year, per a proclamation by San Diego Mayor Kevin Faulconer.
San Diego County’s unemployment rate improved again in September, dipping to a seasonally unadjusted 4.7 percent from 5 in August, amid overall improvement in services and government employment.
California led the way for U.S. states in adding construction jobs in the 12 months that ended in September, according to analysis of Labor Department data released by the Associated General Contractors of America.
Third-quarter income at Seacoast Commerce Banc Holdings was just shy of $1.5 million in the third quarter, virtually unchanged compared to the same quarter of 2015, Seacoast Commerce Bank’s parent company said Thursday.
Despite looming minimum-wage increases, relatively few San Diego County businesses see a benefit in cutting their employees’ work weeks to 30 hours, according to a recent survey.
INVESTMENT: $197.9M Makes for Fairly Strong Q3
The total invested in San Diego companies by venture capitalists in the third quarter was the highest year-to-date total since 2012.
Southern California startups have until 5 p.m. Friday to apply for San Diego Venture Group’s PitchFest.
Stone Brewing Co. announced Oct. 13 that it is cutting approximately 5 percent of its workforce – laying off about 60 of its 1,200 employees – as it adjusts to rising competitive pressures in the beer industry.
INVESTMENT: The Nasdaq Biotech Index Is Up 10% in Q3
The third quarter proved less grim for the life science industry, with investors finally showing some confidence in drugmakers and other public firms in the space.
Microscope Takes Top Honors as Products And Presentations Clash at Quick Pitch
San Diego startups making better microscopes, wearables to reduce hospital-acquired infections and medical devices to ease post-partum healing were the audience favorites at the San Diego Tech Coast Angels’ 10th annual startup competition.
ECONOMY: Lack Of Affordable Housing Brings Host of Problems
Homelessness often tracks with housing affordability in major U.S. metro markets, and experts at a recent commercial real estate forum said San Diego has a growing problem on both fronts.