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Former LA VC Gets Backing For Enterprise Alerting, Micro Apps Startup

socalTECH

Fouad ElNaggar , a former venture capitalist who had been responsible for the Los Angeles office of Redpoint Ventures, has scored funding for a new startup, Sapho. ElNaggar was most recently serving as Chief Strategy Officer at CBS Interactive; he co-founded Sapho with fellow CBS Interactive alum Peter Yared, who was CBSi's CTO and CIO.

Redpoint 100
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Can You Really Build a Great Tech Firm Outside Silicon Valley?

Both Sides of the Table

Los Angeles. There is no region in the country that comes close to having the sheer number of angels & VCs that Silicon Valley has as well as the dollars that flow into the region (40% of all dollars, PwC Moneytree report ). There are no $600 million funds in Los Angeles. Let me use LA as an example.