Sarah de Crescenzo

Staff Reporter

Phone: 858-277-6359 Extension: 3120

Recent Stories

Guild Mortgage Gets Another Mortgage Lender to Bolster Midwest Presence

The S.D. lender has agreed to buy Cornerstone Mortgage Inc., of St. Louis, Missouri, in a deal expected to close March 1.

VC Backing Brings $1.2 Billion to S.D. Cos. in 2017

Venture-backed companies in San Diego raised more than one-third of $1 billion in the fourth quarter of 2017 and more than $1.2 billion in 2017.

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Business Accelerator For Women-Led Startups Launched

Ad Astra Ventures is looking to fill its inaugural cohort with female-led startups with revenue and paying customers.

Bank of Southern California Opens Production Office in O.C.

The bank said the expansion to Orange County is part of a broader plan to grow the bank's presence in Southern California.

Georgia Company Acquires S.D. Fintech Startup LoanHero

LoanHero's platform provides retailers with point-of-sale financing options, including its own products.

Renovate America’s Promotes Head of Capital Markets to CFO

Adam Garfinkle joined the company in 2015.

City National Names Senior VP and Regional Manager of its Private Banking Arm

David Ohanian will be based in Irvine and work at City National’s La Jolla office when in San Diego.

UC San Diego To Offer a Master’s in Accountancy

Students will be able to complete the MPAc program in a minimum of nine months.

New TCA President Sees Need for Speed, Innovation in Seed Round

The San Diego chapter of Tech Coast Angels, one of the largest networks of angel investors nationwide, is headed into 2018 with a new leader at its helm.

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Big VC Backing Gets Behind Biotech’s Portfolio of Small Molecule Drugs

Expansion Therapeutics Inc., a new drug discovery and development company based in San Diego and in Jupiter, Florida, has launched with $55.3 million in Series A financing.

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Simplexity Brings Hands-On Help To Entrepreneurs and Startups

Most venture capital firms want a founder to have more than an idea before they pony up.

SAFE Gives Startups, Investors a ‘Debt Free’ Finance Route

A relatively new way for startups to avoid putting debt on the balance sheet en route to their first serious round of funding is picking up some traction in San Diego.

Big VC Backing Gets Behind Biotech’s Portfolio of Small Molecule Drugs

Expansion Therapeutics was incubated within life science venture capital firm 5AM Ventures’ 4:59 Initiative.

Procopio Ushers in Leadership Changes in New Year

John D. Alessio became the firm’s managing partner Jan. 1.

Look Ahead: Coalition to Raise $50 Million Affordable Housing Fund

There are few more important issues facing San Diego than its systemic issues with the creation of affordable housing. The San Diego chapter of the nonprofit organization Local Initiatives Support Corp. (LISC) aims to play a significant role in ameliorating that in 2018.

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Look Ahead: Silvergate Bank Considers Going Public, Makes Preparations

Silvergate Bank, one of the largest privately held banks in San Diego, revealed in the past year it was making the necessary preparations to consider going public as soon as 2018.

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Look Ahead: Coworking Competition Provides Startups With Many Options

Competition heated up this year among coworking companies in San Diego for the attention of local entrepreneurs and independent workers.

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S.D. Chapter of Nonprofit Linking Business Mentors with Entrepreneurs Moves to Bigger Space

The SCORE organization's move provides more room for mentoring, as well as easier access and free parking for people who visit the office. Raises $1.5M, Changes Leadership has a new CEO and a fresh round of seed funding led by ClearVision Equity Partners, a micro-cap equity firm.

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Roche Buys San Diego Drugmaker Ignyta for $1.7 Billion

Swiss health care giant Roche Pharmaceuticals will buy San Diego-based drugmaker Ignyta Inc. in an all-cash deal valued at $1.7 billion, the companies said Dec. 22.

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Home Sellers Open Door for Bitcoin

ECONOMY: Cryptocurrency Getting Closer to Main Street

San Diego restaurateur Joe Vaught, a Northern California native who moved to the city just shy of 30 years ago, is comfortable with risk.

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2017 Newsmakers: Startup Ambassador Recruits for Home Team

2017 Newsmakers

Mike Krenn spent 2017 preaching the gospel of San Diego startups in town — and out.

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Home Seller Opens Door for Bitcoin

ECONOMY: Spurring talk of a potential bubble, though, have been the dizzying swings in the cryptocurrency’s value.

Spurring talk of a potential bubble have been the dizzying swings in the cryptocurrency’s value.

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2017 Newsmakers: Acquisition Is Team Building Exercise for Seacoast Commerce

2017 Newsmakers

Rick Sanborn, CEO of Seacoast Commerce Bank, has made a career of turning around struggling banks.

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2017 Newsmakers: Seals Are Businessman’s Bet On San Diego Sports Fans

2017 Newsmakers

On the heels of the Chargers’ leave-taking, Alibaba billionaire Joe Tsai brought joy to some San Diego sports fans with the announcement that he would be bringing a professional indoor lacrosse team to town.

2017 Newsmakers: UCSD Intellectual Assets Continue to Pay Off

UC San Diego had a banner 2017, with prestigious prizes going to its faculty and major donations coming in to bolster the university’s already formidable academic offerings.

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Roche Buys S.D. Drugmaker Ignyta for $1.7B

The pharma giant is betting on Ignyta's cancer drug, entrectinib, which is intended to treat patients with rare cancers.

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Renovate America Closes $40M Credit Facility

The San Diego company doubled the total available capital through its line with ING Capital LLC.

EvoNexus Adds New Board Members, Including a Qualcomm Exec

Brian Modoff is executive VP of strategy, M&A and ventures at Qualcomm. gets More Seed Money, Shuffles C-Suite

The San Diego startup has now raised a total $2.8 million.

Conditions Continue to Favor Cos. Ready to Take IPO Plunge

FINANCE: Analyst Expecting Strong Market In 2018 for S.D. Cos.

Robust equity markets and high investor confidence are likely to spur some local companies to go public next year. That’s according to Tim Holl, a San Diego partner with EY, who said the combination played a role in pushing the number of IPOs in the U.S. this year to its highest since 2014.

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Children’s Legal Services of San Diego Hires COO

The organization provides legal representation to children in abuse and neglect proceedings.

Report: S.D. No. 1 in Expected Tech Hiring Growth in First Half of 2018

More than half of local tech executives surveyed said they plan to fill vacant roles in first six months.

Nuvve Corp. Raises $10M in Series A Round, Focusing on 'Vehicle-to-Grid” Tech

The San Diego-based company aims to accelerate commercialization of its cloud-connected applications, which enable an EV to store and resell energy to the electric grid.

CEO Sees Missing Data Security Link: Merchants

FINANCE: Credit Union Group Wants Security Standards for All

Debra Schwartz, CEO of Mission Federal Credit Union, among the largest such institutions serving San Diego County, recently testified before a U.S. House of Representatives subcommittee hearing on data security.

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Cali Bamboo Has a New Chief

Doug Jackson, a former divisional vice president with Shaw Industries, became president Nov. 22.

Incoming President of ASLA S.D. Chapter Aims to Engage Next Generation of Landscape Architects

Michael Douglas Brennan is co-owner of Carson Douglas Landscape Architecture.

Greycroft VC Ian Sigalow to Headline Venture Group ‘Outlook’

One of the founders of Greycroft LLC, a venture capital firm with more than $1 billion under management, is slated to headline the San Diego Venture Group’s annual Venture Outlook event Jan. 11.

Brains, Heart and, of Course, Innovation Won the Day at Awards

RECOGNITION: Most Innovative New Products Show S.D.’s Ingenuity

Ten innovative products launched by San Diego companies in the past two years were recognized at Connect’s 30th annual Most Innovative New Product Awards ceremony.

Keynote Speaker Selected for SDVG's Venture Outlook Event

One of the founders of Greycroft LLC, a venture capital firm with more than $1 billion under management, is slated to headline the San Diego Venture Group’s annual Venture Outlook event Jan. 11.

Brains, Heart and, of Course, Innovation Won the Day at Awards

Most Innovative New Products Show S.D.’s Ingenuity

Anzu Partners Closes $128M Fund, Opens La Jolla Office

Anzu Partners, a private equity and venture capital firm that recently closed a $128.4 million fund to invest in industrial technology companies, has opened an office in La Jolla.

JMI Equity Promotes Two to General Partner

San Diego-based private equity firm has promoted Suken Vakil and Randy Guttman to general partner.

CUSO, Sorrento Pacific Acquired by Private-Equity-Backed New York Co.

San Diego-based broker dealers CUSO Financial Services LP (CFS) and Sorrento Pacific Financial LLC (SPF) have been acquired by Atria Wealth Solutions, a holding company in New York.

Classy has Banner Giving Tuesday Fundraising

The San Diego software startup, an online fundraising platform for nonprofit organizations and social ventures, reported a record Giving Tuesday on its platform.

New York Co. Acquires Coastal Salt & Soul

San Diego-based company, which makes ocean-inspired body care products, has been acquired by Beauty Partners LLC.

Human Longevity CEO Makes Quick Exit; Venter Back in Top Spot

Human Longevity Inc. CEO Cynthia Collins is out after less than a year in the top spot at the San Diego-based genomics company.

USD Receives $20M Gift to Support New Business School Home

Don Knauss, chairman of the University of San Diego Board of Directors, and his wife, Ellie Knauss, are donating $20 million to the university to launch the planning and construction of a new $67 million home for its business school.

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Vista-Based TetraVue Receives Additional Funding Backing Its 4D, High Resolution Cameras

Vista-based company TetraVue, a developer of high-definition 4D LIDAR technology, said it has received additional funding to accelerate the commercialization of its long range, high-resolution 4D camera.

S.D.’s ‘Civic’ Startups Make Progress

The Innovation That Matters report, released in October, assessed the health of the startup communities in 25 U.S. cities based on economic data and an online survey of about 400 startup community leaders.

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