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Understanding What’s Going on in #LATech

Both Sides of the Table

Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles. https://medium.com/media/d9fa90bfcfd8c4a9fdce54b16c47e2e8/href In addition to all the great companies being created here another often overlooked feature of Los Angeles is just how many great VC funds have been formed here in the past decade.

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The Changing Venture Landscape

Both Sides of the Table

And as a result of this there are now very robust secondary markets where founders and seed-funds alike are selling down their ownership long before an ultimate exit. At Upfront we have always done 40% of our investing in Greater Los Angeles and it’s precisely for this reason. We aren’t going to win every great deal in LA?—?there