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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

I knew eventually people would realize that the Kauffman Report and all the talk of VC returns were rear-view mirror analyses. In recent years we’ve had big wins across all of our long term partners (Yves: Envestnet), (Steven: TrueCar), (Me: Maker Studios). Family Offices (of high-net-worth individuals or families).

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

Both Sides of the Table

But many people forget that we have 2 relatively recent IPOs that are substantive companies: TrueCar (Upfront backed) & Cornerstone OnDemand. If you throw in Oculus into the mix along with TrueCar, Rubicon, Burstly, Beats and others LA Tech has seen more than $8 billion in exits in 2014 alone. Deflationary Economics now favors us.

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How to Kick Start Your Community’s Startup Scene

Both Sides of the Table

TrueCar, an LA-based company, sells more cars now than any physical dealer in the country and recently went public and has a $1 billion market cap. The problem that I’ve seen historically in cities like Los Angeles, San Diego or Seattle is that their historic high-net-worth individuals didn’t come from the tech startup world.

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