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Snap Raises $250M From Saudi Family

socalTECH

Venice-based Snap Inc. , Saudi Arabian Price Al-Waleed Talal said on Tuesday that he has invested $250M in Snap, taking a 2.3 The investment injection comes as Snap announced its Q2 results, where the company reported a net loss of $353.3M percent stake in the company. READ MORE>>.

Venice 100
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Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

” I hear it when I visit LPs (the people who invest in VCs) all across the country, “Yeah, I haven’t been out there for a few years but I keep hearing that something is going on there.” Both are massively funding other LA tech companies through what Fred Wilson once defined as “recycled capital.”

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How to Kick Start Your Community’s Startup Scene

Both Sides of the Table

A move to more urban environments (SF over SV, Cambridge over Waltham, London over Thames Valley, Santa Monica / Venice, Flatiron and so forth) as basically young people want to live where young people want to live. So the startup work moves to where the startup founders live and not vice versa. What Does a City Need to Compete?

Startup 390
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Tech Titans Peter Thiel, Matt Jacobson, Cameron and Tyler Winklevoss, Mich Mathews, Elon Musk Buy Homes in Los Angeles

SoCal Delicious

Venture capitalist and hedge-fund manager Peter Thiel—PayPals co-founder and Facebook s. The narrow, 3-mile strip of land that runs from Santa Monica through Venice, and is now stretching down to Playa Vista, has been dubbed "Silicon Beach" due to the heavy concentration of Internet companies and executives there. VENICE RISING.