California Economic Expansion and Jobs Creation Thread

[bigboibob]

Originally Posted by 18Montclair

University Of California Investing $250 Million In Startups | TechCrunch



This is excellent. UC is the finest university system in the world and now they are going to incubate startups. WOW.

Can't tell if this is an amazing or horrible idea.

[18Montclair]

Originally Posted by bigboibob

Can't tell if this is an amazing or horrible idea.

Which would you like it to be?

[18Montclair]

GE’s offices in the Bishop Ranch Business Park will become the headquarters for the new GE Digital division, which will combine its Silicon Valley software center, information technology and industrial security operations.

Bill Ruh, GE’s chief digital officer who has led the company’s San Ramon software center since 2011, will run the new global unit and be based in San Ramon. GE spokeswoman Jennifer Erickson said Ruh will begin his new role Oct. 1 and that about 1,200 people will work out of San Ramon —

San Ramon: GE's Bishop Ranch office taking on more crucial role - Bishop Ranch

[bigboibob]

Originally Posted by 18Montclair

Which would you like it to be?

CALPERS lowered it's target private equity exposure, venture capitalists admit to high private equity valuations, and UC has budget issues...and this is all A-okay..

[18Montclair]

Originally Posted by bigboibob

CALPERS lowered it's target private equity exposure, venture capitalists admit to high private equity valuations, and UC has budget issues...and this is all A-okay..

The very nature of investing means that there is always a risk involved, furthermore, this has nothing to do with PERS, and its not money from tuition or the state. Oh, and UC has $100B in investments as it is, so yeah...what's the problem?

The University of California has been granted more patents than any other university in the world and has over 30 accelerators and incubators. More than 800 startups with UC patents have been founded since 1980.


“This venture will support the research and entrepreneurship of UC faculty and student researchers whose discoveries can benefit people throughout California, the nation and the world,” UC President Janet Napolitano said, in a statement.


The fund will not take money from tuition or the state. In addition to the $250 million lead investment from the UC Investments office, Ranadive and other third party investors will also participate in the fund. UC Investments has about $100 billion in its investment portfolio, including a pension fund, an endowment and other capital pools.

University Of California Investing $250 Million In Startups | TechCrunch

[18Montclair]

Q2 2015 50 States Economic Growth...California on the come up

[bigboibob]

Originally Posted by 18Montclair

The very nature of investing means that there is always a risk involved, furthermore, this has nothing to do with PERS, and its not money from tuition or the state. Oh, and UC has $100B in investments as it is, so yeah...what's the problem?




University Of California Investing $250 Million In Startups | TechCrunch

University of California Financial Reports

UC endowment fund is $13B which is where the capital was seeded from. They are increasing exposure to risky, illiquid investments at a time when they should probably be decreasing or keeping at status quo.

[expatCA]

Originally Posted by bigboibob

University of California Financial Reports

UC endowment fund is $13B which is where the capital was seeded from. They are increasing exposure to risky, illiquid investments at a time when they should probably be decreasing or keeping at status quo.

If they have that much why not drop tuition?

[18Montclair]

Originally Posted by bigboibob

University of California Financial Reports

UC endowment fund is $13B which is where the capital was seeded from. They are increasing exposure to risky, illiquid investments at a time when they should probably be decreasing or keeping at status quo.

Short of putting money into ones mattress, there is NEVER a time when exposure to risk does not exist.

And I have no problem whatsoever with UC directly investing in its students and faculty. None whatsoever.

[mongozx]

OncoSec Opens New Headquarters and Research Facility in San Diego -- SAN DIEGO, Dec. 17, 2015 /PRNewswire/ --

We are proud of the robust biotech industry and its incredible impact in California. It's encouraging to see another biotech company join and further strengthen the San Diego area, bringing jobs and economic vitality to the region