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IVP: We Love LA, So We Invested In Snapchat

socalTECH

A lot of heads turned Monday after Venice-based Snapchat , the instant-photo messaging service known for its self destructing chats, announced a huge, $60M round at a huge valuation. Among the reasons given in a blog post from IVP, defending its investment in Snapchat: the firm loves LA. READ MORE>>.

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GRP Announces $200 Million Fund. Rebrands as Upfront Ventures

Both Sides of the Table

Santa Monica is the place where the highest concentration of early-stage startups are created if you consider also the contiguous geography of Venice Beach. Well, the venture capital industry has changed a lot in the past 20 years … and we have too. We chose a location that fit our style. What’s up with that?

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Reflections on 2018: Andy Wilson, Alliance for SoCal Innovation

socalTECH

In my new role as the first executive director for the Alliance for Southern California Innovation, I spent a lot of time outside of my home turf of Pasadena -- visiting innovation nodes such as San Diego, Irvine, Riverside, Santa Barbara, Venice, Santa Monica, and others.

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‘Megadeals’ Dominate Q2 as VCs Invest $15.3B, and Top 10 Deals

Xconomy

Showing little concern for stock-market volatility or worries over the Brexit, venture capital firms pumped $15.3 billion into 961 deals across the United States during the three months that ended June 30, according to the MoneyTree Report on venture capital activity. venture capital market leader at PricewaterhouseCoopers.

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Putting the Pedal to the Metal at Amplify

From the Venture Trenches

For the first three months of this year, I have had the pleasure of breathing the same air as the crew from Amplify , the Venice based accelerator. Amplify provides seed stage capital to the tune of $50,000 to $150,000 in companies with a viable product that are demonstrating some degree of traction.

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LA Tech Startup Innovators and Fun Facts

Tech Zulu Event

Venture Capital: Upfront Ventures. Fun Fact: One of the most prominent figures from their firm, Mark Suster t, runs a blog startups follow religiously. Fun Fact: Walk into their Venice-based office and you’ll find a giant giraffe (dubbed their co-founder’s “spirit animal”) stuffed in their version of a startup treehouse.

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Snap Raises $3.4B in IPO, Soaring Trades Set Value Past $20B

Xconomy

The $17 initial offering price valued the company at about $24 billion , a number that has since risen with the Venice, CA, company’s share price shooting above. Snap (NYSE: SNAP ) priced its IPO shares at $17, higher than the $14 to $16 range it estimated in an SEC filing last month. Read more » Reprints | Share: