Qualcomm Sells Some Wireless Spectrum, Report Predicts Cleantech Job Growth in San Diego, JMI’s Paul Barber Talks About Investment Strategy, & More San Diego BizTech News

the performance of JMI’s previous investments. Barber told me there is “plenty of capital out there, but you have to demonstrate a consistency in your team, your focus, and your performance.” Barber also credits JMI’s performance to the firm’s narrow focus on software, Internet, business services, and healthcare IT.

—Xconomy gathered some of San Diego’s best business minds for an “on the record” dinner discussion in early December, and the experts agreed that access to capital remains the single biggest issue for seed-stage startups in San Diego. Hand in hand with the decline in local venture investing has been the shrinking size of the area’s indigenous venture industry.

—San Diego’s EMN8 has raised $12.2 million of a targeted $18.2 million equity round, after signing an agreement with IBM in September in which IBM is taking on EMN8’s manufacturing, services, and sales responsibilities. EMN8 makes transaction kiosks with touchscreen displays to accelerate customer orders at fast-food restaurants and other retailers.

—Del Mar, CA-based MeLLmo raised $10 million as the two-year-old startup broadens development of its visualization software for displaying business intelligence on mobile devices.

—Two-thirds of VCs say they expect to see more venture-backed companies going public in 2011, according to a pre-holiday survey released by the National Venture Capital Association and Dow Jones VentureSource. The venture capitalists also predict that venture firms will invest more capital in the coming year.


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Author: Bruce V. Bigelow

In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University. Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.