Remove .Net Remove Acquisition Remove Snapchat Remove Software
article thumbnail

Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

What is perhaps different from other regions is that we have large indigenous aerospace industry and a big high-tech import/export trade as opposed to a lot of software companies. They estimate that high-tech work contributes $108.3 billion dollars of regional GDP. But even this is changing. More on both trends later. billion.

article thumbnail

Should Startups Care About Profitability?

Both Sides of the Table

Or you know the other one — the one where Snapchat lost $2 billion in just one quarter. The first company represents a normal software company that sells its products directly (either via sales staff or directly off of the internet). Two-f **g-billion! What a disaster! Except that they didn’t actually lose $2 billion in cash.

Startup 227