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Elon Musk Tops Tech Billionaires In Southern California

socalTECH

Topping the list at #15 was Elon Musk , who splits his time between Los Angeles and Silicon Valley, with a net worth of $13.9 billion; David Sun and John Tu , the co-founders of Fountain Valley-based Kingston Technology, shared the spot at #41, with a net worth of $4.5 billion in net worth. billion in net worth.

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

Both Sides of the Table

Let me start with the obvious baseline that most people probably know instinctively: Los Angeles is the 3rd largest technology startup ecosystem in the US. billion 2013 figure) have been massive financings at Honest Company ($70mm), JustFab ($85mm), ZipRecruiter ($63mm) and lord only knows how much SnapChat has actually accumulated.

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Interview with Derek Norton, Watertower Ventures

socalTECH

Earlier this week, Derek Norton , a long time advisor to the media, Internet, and technology industry in Los Angeles, announced a brand new venture capital fund called Watertower Ventures (www.watertowerventures.com). Derek Norton: I just closed on a new fund, worth $5M, which I raised from a group of high net worth, high profile LPs.

Invest 145
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How Well Versed Are You In Startup Investor Jargon?

Startup Professionals Musings

Prime examples include Uber, Airbnb and Snapchat. People are even talking about “decacorns" -- investable companies with net worth now exceeding $10 billion -- like Dropbox and Pinterest. Super-angel investors (micro-VCs). Could your startup be the next one? Frothy startup valuations.

Startup 57
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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. They both raised angel / seed money of $1.5 It’s common cocktail party chatter to hear people confidently pronounce that some well known startup is sure to blow up because, “How could they succeed when they’re not even profitable!” What a disaster!

Startup 227
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How to Kick Start Your Community’s Startup Scene

Both Sides of the Table

Cincinnati, like many startup communities in the US over the past 5 years, has revitalized important regions in its urban core, created accelerators, built co-working facilities, pooled together angel capital, attracted VCs, involved educational institutions and solicited the help of important corporations in a more cohesive ecosystem.

Startup 390