The LAUNCH Conference , the technology startup launch conference organized by Mahalo CEO Jason Calacanis, has just surpassed $1 million in prizes, Calacanis said Tuesday afternoon. LAUNCH is an alternative startup launch event which Calacanis founded, after parting ways with TechCrunch founder Michael Arrington over TechCrunch50. READ MORE>>. MORE >>

Michael Dubin has just one goal with his new startup: to totally disrupt the razor blade industry. The new startup, which spawned out of the walls of Science Inc., the business incubator and studio headed by former MySpace CEO Mike Jones, offers up a online, subscription service which delivers high quality razors to customers on a monthly basis. MORE >>

Los Angeles-based MyLife , the online social networking search site run by Jeff Tinsley, reported Monday that it is planning to spend $35M on marketing this year, starting with a nationwide television campaign. The company says is now has over 60 million registered members, and is seeing 350 million searches per month on its site. READ MORE>>. MORE >>

San Diego-based Aragon Pharmaceuticals reports this morning that the firm has raised $42M in a Series C, funding round. The firm, which is developing treatments targeting hormone-driven cancers, said the round was led by Topspin Fund, the investment group of James Simons, Leo A. The firm said the new round brings its total raised to $72M. MORE >>

San Diego-based life sciences investor Domain Associates has inked a unique lifeline for the later stage life sciences companies its its portfolio: it's brokered a deal worth more than $760M, to help fund its portfolio firms from the Russian government. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO. READ MORE>>. MORE >>