socalTECH
MARCH 2, 2017
had a huge debut on the New York Stock Exchange (NYSE) on Thursday, as it started trading as SNAP, surging above $25.00 per share in early morning trading--up more than 43%. per share, and was heading up with only a few minutes on the trading day. Venice-based Snap Inc. The company--which priced at $17.00 billion each.
Both Sides of the Table
JUNE 17, 2017
There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. It’s common cocktail party chatter to hear people confidently pronounce that some well known startup is sure to blow up because, “How could they succeed when they’re not even profitable!” Not necessarily.
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Both Sides of the Table
OCTOBER 8, 2014
Let me start with the obvious baseline that most people probably know instinctively: Los Angeles is the 3rd largest technology startup ecosystem in the US. Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly. LA By The Numbers. But even this is changing.
socalTECH
AUGUST 6, 2015
Topping the list at #15 was Elon Musk , who splits his time between Los Angeles and Silicon Valley, with a net worth of $13.9 billion; David Sun and John Tu , the co-founders of Fountain Valley-based Kingston Technology, shared the spot at #41, with a net worth of $4.5 billion in net worth. billion in net worth.
Both Sides of the Table
APRIL 1, 2015
We offered a service that has a net promoter score of 87 placing us higher than such great brands as USAA, Costco, Apple and Amazon. This has been a great start we wanted to push harder. We started by beta testing ephemeral photos. But what if we could make those photos disappear like SnapChat? Startup Lessons'
Startup Professionals Musings
MARCH 16, 2016
Whether you are talking to peers, competitors or investors, you as an active entrepreneur will be judged on your familiarity with today’s startup and funding jargon. This term is currently applied to recent startups who profess a current valuation which exceeds $1 billion. Prime examples include Uber, Airbnb and Snapchat.
socalTECH
MARCH 16, 2017
Derek Norton: I just closed on a new fund, worth $5M, which I raised from a group of high net worth, high profile LPs. You've been an angel investor here for awhile, why did you decide to open up a fund this time to external LPs? It all starts there. Tell us about the new fund? We'll also do some light ad-tech.
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