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Snap Raises $250M From Saudi Family

socalTECH

the parent company of Snapchat , has raised $250M in the publicly held company from the Saudi royal family. percent stake in the company. The investment injection comes as Snap announced its Q2 results, where the company reported a net loss of $353.3M Venice-based Snap Inc. , READ MORE>>.

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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. 70–80% of the costs of most startups are employee costs so what you’re really talking about when a company is unprofitable is that they are growing their staff ahead of their revenue. Two-f **g-billion! What a disaster!

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

Both Sides of the Table

” in 2014 the data seems pretty conclusive because LA has now become the fastest growing tech startup region by numbers of companies being started and those of us here have noticed this pace accelerating. Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly.

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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). I hate to put us into the pre-seed and seed area, so I am saying literally, first institutional capital.

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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. This term refers to an initial venture-capital investment, often wrongly sought to seed early product development.

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How to Kick Start Your Community’s Startup Scene

Both Sides of the Table

Not all of these products & companies came from Silicon Valley but the overwhelming majority did. Changes in the Software World & in Venture Capital. But notably you had the following changes: Horizontally scalable computing & storage systems, which meant you required less capital up front for hardware.

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The Case For & Against Cryptocurrencies (for those tired of all the noise)

Both Sides of the Table

And while many of the people bringing you the great applications and infrastructure you now rely on are benevolent, there is of course an inbuilt incentive for these companies to use their scale advantages to continue to dominate the markets they’re in, making it harder for upstarts to compete. It’s Hobbesian economics 101. Enter blockchain.

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