Sarah de Crescenzo

Staff Reporter

Email: sarahd@sdbj.com
Phone: 858-277-6359 Extension: 3120

Recent Stories

CalPrivate Bank Taps Rick Sowers as President

Plaza Bank, where Sowers was formerly president, was acquired by Pacific Premier Bank in 2017.

Tech Cos. Find Perfect Live-Work Balance

From Entrepreneurial Climate to Quality of Life, Carlsbad Checks All the Boxes for Business Location

Carlsbad is known as one of San Diego’s largest tech hubs, but that’s no longer simply because of its corporate successes, such as Viasat Inc.

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Techstars Could Help Trust & Will Write Its Own Ticket

It’s a moment that San Diego entrepreneur Cody Barbo is unlikely to forget.

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PE Firm With SoCal Focus Raises $300M Fund

The firm has two San Diego companies in its eight-company portfolio.

Stone Brewing to MillerCoors on Rebrand: You're Not Worthy

The complaint, filed in U.S. District Court in San Diego, alleges MillerCoors of trademark infringement.

LEAD San Diego Names 6 Visionary Awards Honorees

The leaders will be honored June 14 at the Marriott Marquis San Diego Marina.

U.S. Bank Opens Ascent Office in La Jolla

The location is the sixth Ascent site since the office's 2011 launch.

Social Leverage Backs Effort To Make Dollars and Scents

Jason Pang, the serial entrepreneur behind the stock discovery app SparkFin, has resurfaced with a new startup in another industry: consumer packaged goods.

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Mission Edge Seeking Applications for its SAIL Program

The nonprofit's program, which lasts 14 weeks, provides mission-driven enterprises with help in creating sustainable, revenue-generating business models.

Carlsbad Site Start of Big Plans for Coworking Co.

ECONOMY: It Says 8 New Sites Set for 2018, Demand Remains High

One year after coworking space CommonGrounds Workspace made its debut in Carlsbad, the business said it plans to open eight new sites in 2018, including one in downtown San Diego.

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Soci Inc. Hires a CMO

Monica Ho was formerly chief marketing officer at geomarketing ad platform GroundTruth (previously xAd).

Local Bank Sees Market Full of Opportunity and Big Targets

BANKING: Emphasizes Deposit Relationship, Aims To Compete With Big Banks

Roughly a decade after moving its headquarters from Ramona to San Diego, the Bank of Southern California has grown to nearly half a billion dollars in assets and expanded into a third county.

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Seismic Hires CMO, Plans to Add 190 to Headcount in 2018

John Raguin cofounded Guidewire Software (NYSE: GWRE) and led it from inception to $150 million in revenue and pre-IPO.

Altegris to Merge With Artivest, Creating $3 Billion Alternative Investment Platform

The combined firm will have 100 employees and service more than $3 billion in capital from offices in San Diego and New York.

Free Launch May End at EvoNexus

San Diego’s oldest startup incubator aims to help fledgling companies achieve sustainability. Now the nonprofit is taking steps to ensure its own long-term survival.

Key Leadership Changes Expected To Help Unlock Zesty.io’s Potential

Recently, Zesty's 33-year-old CEO stepped down to focus again on the technology underpinning the company's software, which is now being used by enterprise clients including Sony Electronics.

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Report: Union-Tribune May Be Sold to SoCal Billionaire

Patrick Soon-Shiong, a Tronc shareholder, is the reported buyer.

Rip Current Brewing Co. Brewmaster Tapped to Head SD Brewers Guild

The Guild's former president, Pizza Port Brewing Co.’s Jill Davidson, is transitioning to a president emeritus role.

Digital Marketing Agencies Combine to Offer Dental, Finance Expertise

Dental practice marketer Wonderist Agency has acquired Merger Labs, which works with PE and M&A pros.

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Detecon Innovation Institute Tapped to Run Airport's Innovation Lab

Innovations that improve waste management, streamlining transactions and use artificial intelligence are likely to be among the program's priorities.

CommonGrounds to Open 8 More Coworking Sites, Including Downtown S.D. Location

A shared workspace in downtown San Diego is among the eight CommonGrounds says it will debut in 2018.

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Bank Outgrows Name, Keeps Commitment to Communities

San Diego Private Bank, the locally based institution with branches in three counties, is renaming the company CalPrivate Bank.

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For Banks, Employees Tax Reform Pays

Local banks are taking a range of tacks when it comes to the consequences of the federal tax reform legislation signed into law in late 2017.

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NextWave Bridges the Creative to the Commercial for Researchers, Institutions

A venture capital firm in Carlsbad isn’t looking for companies to back; it’s looking for ideas.

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Free Launch May End at EvoNexus

STARTUP: Incubator Weighs Taking Stake in Companies

San Diego’s oldest startup incubator aims to help fledgling companies achieve sustainability. Now the nonprofit is taking steps to ensure its own long-term survival.

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Rush Cycle Takes The Franchising Path

SPORT: In Competitive Space, More Than 30 Franchises Awarded

A chain of indoor cycling studios started seven years ago by two childhood friends in their 20s in La Jolla’s Bird Rock neighborhood is poised to grow.

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Former PayPal Exec Tapped to Run Elevate Credit's San Diego-Based Analytics Center

Elevate Labs, which does research and development for Elevate Credit Inc., plans to double its headcount in San Diego in 2018.

Seacoast Commerce Reports 2017 Earnings of $2.3M

The bank reported merger expenses of $2 million related to its Oct. 1 acquisition of Capital Bank.

Haskell & White Audit Manager Added to CSU San Marcos Foundation Board

Thomas Kenaya has more than 10 years of professional experience with both CPA firms and private industry.

San Diego Private Bank Reports $3.4M Earnings in 2017

The bank's net income for the year was impacted by the tax reform bill that was signed into law in December.

Endeavor, First New San Diego-Based Bank in 10 Years, Makes Debut

Only a handful of new banks have opened in the U.S. in the past decade.

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Fintech Zebit Hires LendUp's Head of Capital Markets as CFO

Zebit offers interest-free credit to consumers.

MJE Marketing Merges with Berkeley-Based Urban Planning Firm

The firms previously worked together on projects for clients including the Port of San Diego, SANDAG, First 5 San Diego and the County of San Diego.

Acquisition Shows the Twists, Unexpected Turns of Process

DEAL: AAV’s Decision to Exit Was Just One Part of the Sale

Announcement of acquisitions rarely hint at the machinations that sometimes occur behind the scenes of such business deals.

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Luma Raises $3 Million, Partners With Payment Company

LumaTax, which developed software to streamline sales tax compliance for small business owners, said it has raised $3 million in a financing round led by Cowboy Ventures. Existing investors Madrona Venture Group and Greycroft Partners and new investor Vulcan Capital also participated.

Fintech LoanHero Acquired By Atlanta Co.

FINTECH: Platforms Seen as Complementary; Plan to Keep S.D. Office

The LoanHero platform offers merchants a way to provide customers looking to make a big purchase, from medical procedures to car repairs, an array of loan options.

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Investors Need to Take AI and Machine Learning Into Account

For tech startups, having an artificial intelligence strategy is the new mobile — table stakes.

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Bank Meets Funding Requirement, Sets Jan. 22 Opening

BANKING: First S.D. Bank Opening Since Vibra in 2008

The first new San Diego-based bank in a decade has raised $26.5 million in initial capital. Endeavor Bank will be headquartered in downtown San Diego.

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Some Law Firms Ditch Traditional Model

LEGAL: They Change Fees, Formalities, Access

Want to start a business? You’re going to need legal advice.

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SDSU Prof Recognized Among Nation’s Top Entrepreneurship Educators

The USASBE named SDSU management professor Alex DeNoble a Justin G. Longenecker Fellow.

Junior League of San Diego Offers Training Program for Nonprofit Board Service

Applications for the program, called Board Academy, are open through Jan. 18.

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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