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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. Those apps provide push-like, user-friendly access to enterprise apps, much like employees are used to interacting with mobile consumer apps and alerts.

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.