Company: Engine Yard
Founded: Early 2006
Founders: Tom Mornini & Lance Walley Read more »

Digital Music Group has acquired a large catalog of older video content lately. The video, which ranges from Hopalong Cassidy to Mr. Bill, isn’t something you can sell on a mass scale, but there’s certainly a niche audience who’s interested. Read more »

The Business Journal is reporting that Sacramento’s Digital Music Group’s IPO provided the second-worst return on investment of any IPO in 2006. The results are based on a Motley Fool tally of gains and losses by the year’s IPOs. Read more »

Venture Beat tipped me off to an interview with former state treasurer and gubernatorial candidate Phil Angelides in which he announces he’s raising a venture fund. The fund will be based in Sacramento and will focus on environmental technology with some real estate investments.

Angelides’ firm joins numerous other funds that are focused on alternative energy, including Vinod Khosla’s Khosla Ventures. Kholsa was widely criticized for backing an alternative energy ballot measure that would benefit his investments. Khosla responded to critics by pledging to donate any direct profits to charity.

The fund will be raised from numerous sources, says Angelides. VentureBeat speculates that California’s pension funds are likely to invest as Angelides has previously served on their boards.