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Lyft: $130M Generated For Los Angeles Economy In 2016

socalTECH

Ridesharing service Lyft said this morning that it has calculated that it has created $130M to the Los Angeles economy, as a result of its ride service. Lyft said the study also showed that passengers next year will save $88M in travel time value and over 7.5 million travel hours this year because of Lyft.

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Los Angeles-based Open Raven raises $15 million from KPCB for its security tech to secure hybrid clouds

TechCrunch LA

Open Raven , the Los Angeles-based security startup founded by a team of cybersecurity veterans from CrowdStrike and SourceClear, has closed on $15 million in new financing only four months after emerging from stealth and in the middle of a pandemic. . And people found it before they did.”

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Study: More Americans Using Online Dating Apps, Sites

socalTECH

A new study, released today by the Pew Research Center , says that more American adults are using online dating sites or mobile apps than ever before. The study said 15% of adults have used online dating sites or apps; with 9% having used dating apps. The Pew study called the move to mobile dating apps "dramatic".

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Why We Need to Elect @EricGarcetti on Tues as Next Mayor of Los Angeles

Both Sides of the Table

On Tuesday Los Angeles will elect a new mayor. I’d love to see a mayor in Los Angeles who does, too. In 2010 the City of Los Angeles started trying to crack down on tax receipts of Internet startups allocating them to the least favorable gross-receipts tax bracket taking up their city tax by 500%.

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Led by LA-based March Capital, Astound raises $15.5 million for employee help desk automation services

TechCrunch LA

Astound , a company selling automated employee help desk services, has raised a new round of $15.5 million from investors led by the Los Angeles investment firm March Capital Partners. A study from McKinsey indicates that 70 percent of companies will bring in at least one automation technology by 2030.

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New markets emerge for carbon accounting businesses as cities like LA push proposals

TechCrunch LA

Earlier this month, Los Angeles became the latest city to task its various departments with prepping a feasibility study for deploying new software and monitoring technologies to better account for its carbon footprint.

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Bird Claims Economic, Gasoline Savings

socalTECH

Los Angeles-based, shared scooter and bicycle rental service Bird has put out some numbers this morning, saying that use of its service has contributed an estimated $100M in incremental spending at local businesses in 2021, and saved an estimated 1.1 million gallons of gasoline.

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