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Central Coast campaign targets foreign tourists

By   /  Friday, January 1st, 2016  /  Central Coast, Latest news, middle, South Coast, Top Stories, Tourism  /  Comments Off on Central Coast campaign targets foreign tourists

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New UC venture fund to pump $250M into spinoffs

By   /  Friday, January 1st, 2016  /  Columns, Education, Latest news, South Coast  /  Comments Off on New UC venture fund to pump $250M into spinoffs

There certainly is no shortage of money available for startup companies — total venture investments in 2014 were more than $57 billion, according to Dow Jones VentureSource, and there are signs 2015 could top that by billions. There hasn’t been this much cash flowing, particularly in the tech sector, since the late 1990s dot-com boom. Read More →

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AppFolio, MindBody must become profitable

By   /  Friday, January 1st, 2016  /  Central Coast, Columns, Latest news, South Coast, Technology  /  Comments Off on AppFolio, MindBody must become profitable

AppFolio and MindBody went through growing pains in 2015, spending more money than they earned. Now, 2016 needs to be the year of profitability. On one hand, AppFolio and MindBody successfully transitioned from promising young startups into growing young companies in 2015. As we head into 2016, though, both companies have yet to answer how Read More →

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Santa Barbara’s Saks building sells for $15 million

By   /  Monday, December 21st, 2015  /  Latest news, Real Estate, South Coast, Top Stories  /  Comments Off on Santa Barbara’s Saks building sells for $15 million

The Saks OFF 5TH building in downtown Santa Barbara was sold to a private out-of-the-area investor for more than $15 million, Lee & Associates recently announced. The nearly 47,000-square-foot property at the corner of State and Carrillo streets represents a continuing trend of discount retailers snatching up valuable downtown space. Saks Fifth Avenue had been Read More →

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Santa Barbara’s Silver Air jet management company expanding

By   /  Friday, December 4th, 2015  /  Latest news, Small Business, South Coast, Top Stories  /  Comments Off on Santa Barbara’s Silver Air jet management company expanding

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UCSB strives to spur more manufacturing

By   /  Friday, November 27th, 2015  /  Education, Latest news, South Coast, Technology, Top Stories  /  Comments Off on UCSB strives to spur more manufacturing

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Citrix to layoff 1,000 employees, spin off GoToMeeting

By   /  Tuesday, November 17th, 2015  /  Latest news, South Coast, Top Stories  /  1 Comment

Citrix Systems Inc., the cloud-services company, is planning to cut about 1,000 jobs and spin off its Goleta-based GoToMeeting division rather than sell the online meeting organizer, it announced Nov. 17. Activist investor Elliott Management Corp. has been calling for change at the software firm. Citrix also noted that it would restructure its labor force, Read More →

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