At last week's dinner we were talking about the realities of starting a company in Sacramento and getting outside investment. I'd recently seen a chart on Paul Kedrosky's blog that shows investment by locale with the SF Bay Area getting a whopping 39% of investment dollars and Southern California and New England tied for second with 10% each. Read more about Investment by locale

Adobe has bought Serious Magic, a Folsom-based software company that makes consumer-focused video editing software. Read more about Adobe acquires Serious Magic