Sponsoring socalTECH's Orange County High Tech Report. Stubbs Sponsoring socalTECH's Executive Moves section. Thanks to all of the sponsors and advertisers, who allow us to keep you updated on Southern California's high tech news and companies. They include: Sponsors

Sponsoring socalTECH's Orange County High Tech Report. Stubbs Sponsoring socalTECH's Executive Moves section. Key Thanks to all of the sponsors and advertisers, who allow us to keep you updated on Southern Southern California's high tech news and companies. They include:

"Recession Leads to Decrease in Angel Group Investments", reads the 2009 ACA's Angel Group Confidence Report . socalTECH 's Ben Kuo reports on the reaction to this drop in Los Angeles. ...Tags: Tags: in the New

Los Angeles-based ManiaTV , which produces and distributes online content, is reportedly looking for a buyer, and has hired investment bank Updata Advisors. According to a report in TVWeek , the firm is hoping to find a buyer by the end of the month. Neither Peter Hoskins, the firm's CEO, or the firm's public relations firm responded to emails for comment on the report as of press time. Hoskins had told socalTECH earlier this month that the firm was "actually selling and living off what we do," and saying that the firm was "moving out of the venture backed stage." READ MORE>> ...Tags:

Dmitry Shapiro, CEO of Veoh, did not respond to emails requesting comment, the PR firm listed on the firm's site said it no longer represents the company, and socalTECH was unable to reach anyone via phone at the company. San Diego- and Los Angeles-based video sharing site veoh Networks has filed for Chapter 7 bankruptcy, according to web site Mashable. Veoh had raised over $67.5M

SpaceX--which disclosed earlier this year via regulatory filing (and reported in socalTECH) that it had raised $15M out of $60M in a funding round--has Jurvetson listed as a member of its board. Venture capitalist Steve Jurvetson , of Draper Fisher Jurvetson, is the lead on a $60M venture capital round in Hawthorne-based SpaceX , the space rocket firm headed by Elon Musk, according to PE Week . Jurvetson is a well known enthusiast for rockets. READ MORE>> ...Tags:

San Diego-based DivX has cut 21 employees in a layoff Thursday, a spokesperson for the firm told socalTECH Friday, confirming widespread reports of the move Thursday. Details or reasons for the layoff were not given. The layoffs follow the loss of the company's CTO late last wee

A study of the venture capital deal flow in Southern California conducted by socalTECH shows that venture capital deals dropped for Q3, to around $720M in deals, in a market dominated by clean technology firms. The numbers, which were drawn from venture deals tracked and reported in socalTECH's proprietary venture capital database, found that there was $719.7M in venture capital deals in the third quarter, down dramatically from $1.2B invested in Q3 of 2007, and down slightly from venture numbers in Q2, when there was approximately $966M in venture deals. The

Travel search site LowFares.com , which is owned by Oversee.net, is reporting that it has seen a jump in visitors to the site of 73 percent since the beginning of the year. The firm told socalTECH that the boost came both because it has been more aggressive in search engine marketing, and a new travel deals newsletter which has driven customers to return to the site. LowFares said the search engine marketing efforts were the result of additional advertiser relationships the firm has secured in recent months. LowFares.com is managed by Greg Samson; Oversee acquired LowFares.com

Drew Massey, the founder of ManiaTV, has reportedly purchased the assets of defunct Internet web content firm ManiaTV, says the New York Times. source close to the firm told socalTECH in June that a deal was in the works. Details on the buyback were not disclosed, but the Times says that the acquisition did not include ManiaTV's Los Angeles production studios. A