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Demand Media Buys Saatchi Art, Appoints Sean Moriarty As CEO

socalTECH

Santa MOnica-based Demand Media made a surprise move this morning, saying it has appointed former Ticketmaster CEO Sean Moriarty as its new CEO--and also acquiring Moriarty''s startup, Saatchi Art. According to Demand Media, it paid $17M for Saatchi Art, in a mix of cash and stock, in a deal which will add revenues of $0.5M

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SUN Plans New Scooter For Crowded On Demand Scooter Market

socalTECH

Is there room on your curb for (yet another) on-demand scooter company? Los Angeles-based SUN thinks there is, and said on Wednesday that it is getting set to launch a new, shared scooter model in California. The company says that so far, it is offering up its scooter service in Los Angeles and San Diego. READ MORE>>.

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Los Angeles-based Luxury Presence raised $5.4 million for its real estate marketing services

TechCrunch LA

Real estate is a big business in the sprawling city of Los Angeles, and new technology tools to target the industry continue to attract investor attention. Our focus was on how to make beautiful, functional and lead-generating sites that were easily customizable to fit the agent’s needs and demands, and we did just that.”.

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Washos Hails User Growth For On Demand Auto Detailing

socalTECH

Los Angeles-based Washos , the developer of an on-demand, auto detailing and car wash app, said today that it has doubled its user base in the last three months. The company said it now has 40,000 active clients using its app, attributing that growth partially to the come-and-go nature of its competitors, plus its focus on consumers.

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Instacart Expands In Los Angeles

socalTECH

On-demand grocery delivery service Instacart has expanded in Los Angeles, saying recently that it is now covering downtown Los Angeles and Culver City, and will deliver groceries from Ralphs and Costco. The company--which launched earlier in April in Los Angeles--offers up personal shopping services driven by crowdsourcing.

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Los Angeles, San Diego Among Top 10 Cities For Startups

socalTECH

A list of the top ten cities for startups was released by USA Today and the National Venture Capital Association today, naming both Los Angeles and San Diego among the best cities for startup companies. READ MORE>>.

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Top LA investors discuss the city’s post-COVID-19 prospects

TechCrunch LA

When it comes to venture capital, Los Angeles is a city on the rise. While Los Angeles has a lot going for it, that also means it potentially has a lot to lose in the current economic downturn. How do you think COVID-19 will change entrepreneurial activity in Los Angeles?