Unfortunately they sometimes have to say “no” to these individual because they aren’t completely comfortable with the company’s market space and/or technology. of all applications submitted to the Pasadena Angels get funded. Tags: Fundraising General Bill Burnham Business Week Joe Platnick Pasadena Angel A few years ago, Joe Torre (when still managing the Yankees) wrote an article for Business Week ( Joe Torre on Winning ) that’s well worth reading. One of the lines in the article pretty much sums up one of the hardest things for Angel investors to do and something that happens

Pasadena-based X1 Technologies, a developer of desktop and enterprise search software, is setting its sights on the eDiscovery market, saying this morning that it has created a new offering specifically aimed at the eDiscovery market. X1 said it has built a solution, based on its X1 enterprise search technology and professional services, called X1 eDiscovery Search Suite. The new tool is focused on helping companies who need to produce electronic documents, due to lawsuits. Cost of the new software was not released.

Shameless Self-Promotion Alert]…The last program of the day is the annual Pasadena Angels program on the state of Angel and Venture Capital in Southern California. Tags: Fundraising General Ben Kuo Joe Platnick LA County Tech Week Pasadena Angels SocalTECH.com On Thursday (10/22) this week, join us for a full day of worthwhile events in Altadena at Tech Week . The morning’s session features a Cleantech program , moderated by Ben Kuo of SocalTECH.com .

Pasadena-based X1 Technologies , a developer of enterprise search software, announced Monday that the firm has tapped Singapore firm Shepard Pte Ltd as a partner. Tags: search software technologie X1 said that Shepard will represent the firm's Enterprise Search Solutions in Singapore and elsewhere in South Asia. X1's search software is being used for enterprise search and electronic discovery services.

Pasadena-based X1 Technologies announced Monday that it has appointed a new Vice President of Worldwide Marketing. According to X1, Maxwell joins the company from MTI Technology, where he also served at VP of Marketing. The firm said it has appointed John Maxwell to the position, to lead the marketing initiatives for the firm. Maxwell has also served at Veritas Software and Sun Microsystems.

Pasadena-based X1 Technologies , the document indexing and search software firm backed by Idealab, disclosed this morning that it has released two upgrades to its software. Tags: technologies search indexing corporate enterprise softwar Among the updates is a new release of its X1 Profesisonal Client software, and a new versino of its connector to the Symantec Enterprise Vault product. X1 said the new update of its client adds improvements for IBM Lotus Notes and Mozilla Thunderbird; the updated connector provides faster results searching Symantec's archiving product.

Irvine-based WebVisible announced today that it has acquired Pasadena-based Adapt Technologies, a developer of search engine marketing tools. Adapt Technologies was venture backed by Concept2company, Emergence Capital Partners, and Mohr, Davidow Ventures; the firm had raised $9.8M Financial terms of the acquisition were not disclosed. WebVisible is a provider of local online advertising services, which helps small and midsize businesses place search engine marketing.

A analysis released by Ernst & Young this week finds that clean technology investments are up significantly this quarter, rising 73% to $572M from last quarter. According to the analysis, based on data from Dow Jones VentureSource, clean technology investments were up significantly from Q1, but still down 59% in terms of capital from Q2 of 2008, which was the second-highest quarter for cleantech investments on record. The key segments of investment were energy/electricity related deals, which total $157M, or 26 percent of all of the deals, followed by energy efficiency, which had $152M in investments.

Pasadena-based X1 Technologies , a developer of desktop search software, announced today that the firm has raised new funding from backer Idealab, plus made a few executive changes. Tags: idealab executive capital venture software search technologie Size of the new investment round in the firm was not disclosed by the company. X1 said that it has promoted President and COO John Waller to the position of CEO, replacing Harold "Bud" Enright, who remains on the firm's board.

Pasadena-based venture capital firm California Technology Ventures has staked a developer of a video game software engine, Blade Games , with a $4M investment. Alex Suh of California Technology Ventures was involved in the funding. Tags: california ventures technology video game venture blade software capital developer blade3 According to Blade Games, which is based in Bellevue, Washington, CTV funded the firm in an initial round of investment. Blade Games develops Blade3D, a video game engine used for Windows and Xbox 360 development.