69.7 F
San Diego
Wednesday, Sep 28, 2022
-Advertisement-

VC Firm Announces Final Close of Fund

Terry Moore, founder and principal of local boutique venture capital firm Moore Venture Partners recently announced the final close of MVP, a $10 million fund. Moore also said he’s already closed his fifth deal from the fund, an investment in Savara Pharmaceuticals, located in Austin, Texas. And Moore noted in an email to interested parties that he’ll announce a sixth investment in this quarter. Other investments from the fund include a bet placed on La Jolla-based BUMP Networks in participation with Tomorrow Ventures, a fund managed by Eric Schmidt, executive chairman at Google Inc. And Moore’s invested in La Jolla’s Astute Medical, participating in all three venture rounds to date, as well as an investment in San Diego company ecoATM, participating in the deal with coins-into-cash kiosk vendor Coinstar back in January 2012. EcoATM operates automated kiosks at key retail locations, where owners of outdated or discontinued mobile phones can sell them for cash. EcoATM received a lot of media attention on Earth Day last week, announcing that it had “recycled” more than 1 million mobile devices since its launch in 2008. To put that in context for San Diegans, “that number is equal to the spans of 39 Coronado bridges (San Diego-Coronado Bridge)” made of phones said a news release … Condoleezza Rice, who served as secretary of state under George W. Bush, caught the attention of the international press for remarks made at TD Ameritrade Institutional’s annual conference here in San Diego recently. Among other things, she dubbed Russia’s economy as an “oil and gas syndicate” because of the country’s heavy reliance on exports of national resources, especially petroleum. To add insult to injury, she said that Russia’s system was “a 19th century economy” because it is so heavily reliant on natural resources … The Pasadena-based Fletcher Jones Foundation, named after the founder of Computer Sciences Corp., has given the University of San Diego $1 million to endow a chair in applied mathematics. Developing the requisite math skills has become an important aspect of finding jobs in the IT world, said a spokeswoman for the USD. It’s not only critical to land work at such companies as Google and Amazon, but also critical to finding work in the region’s defense contracting sector, she said … Finally … Thanks to San Diego’s always-busy regional theater schedule, the Theatre Communications Group, the national organization for live stage productions, will hold its June 2014 conference in San Diego. A spokeswoman for the group said the gathering will draw more than 1,000 professionals from worldwide for meetings, speeches and performances, as well as an exploration of the local theatre landscape. Till next week.

Tom York is contributing editor of the San Diego Business Journal. If you have interesting tidbits or newsworthy ephemera, send them to tyork@sdbj.com or tom.york@gmail.com.

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-
-Advertisement-