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Reflections on 2020: Andy Wilson, Alliance for SoCal Innovation

socalTECH

You will be able to get to all of these posts on our 2020 reflections here. For the tech/startup ecosystem in SoCal, I am looking forward to continued momentum in addressing Diversity, Equity and Inclusion in the workforce and support for emerging entrepreneurs. We've been posting these throughout the next two weeks.

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London and SF have become Impact Tech hubs, with 280% increase in VC in 5 years

TechCrunch LA

Tech solutions for such pressing issues as the climate crisis and social inequality have seen a 280% increase in global VC investment from 2015 to 2020, while investment in this space more than doubled in both cities over the past five years. 2020 is set to be a record year for London’s impact tech companies, which have received $1.2

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New guidance on SBA loans means most startups are still excluded from $349 billion stimulus

TechCrunch LA

— Doug Rand (@doug_rand) April 4, 2020. Apparently that didn’t happen, as Mark Suster, the managing partner of Los Angeles-based Upfront Ventures, noted in a tweet. — Mark Suster (@msuster) April 4, 2020. — Mark Suster (@msuster) April 4, 2020. — Matt Hottle (@MattRedhawk) April 4, 2020.

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Diversis Capital Raises $675M Fund

socalTECH

Los Angeles-based private equity investor Diversis Capital Management said this morning that it has raised a new, $675M fund. The new fund will primarily in businesses based in North America, and selectively in Europe and Australia, and is focused on focused control private equity investments in lower middle-market companies.

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LA tech industry mourns Kobe Bryant

TechCrunch LA

The Los Angeles startup community is joining the rest of the world in mourning the death of NBA superstar, entrepreneur and investor Kobe Bryant who was killed in a helicopter crash in Calabasas, Calif., billion investment vehicle that was launched in partnership with the private equity fund, Permira, according to a report in USA Today.

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XPRIZE Launches New Video Game Design Challenge

socalTECH

Los Angeles-based XPRIZE said it has launched a new initiative, which will provide "thousands of dollars" in prizes that invites the next generation to develop video games which "depict a better future for humanity". XPRIZE said entries for the competition will be due by October 14, 2020. READ MORE>>.

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Fixing the Top Fundraising Mistakes Startup Entrepreneurs Make

SoCal Tech Calendar

Monday, August 3, 2020 -- Fixing the Top Fundraising Mistakes Startup Entrepreneurs Make. Join JJ Richa in a fireside chat with Scott Fox, CEO of the OC Startup Council, for a discussion of the top mistakes that early stage entrepreneurs make when pitching their startups for funding. See [link] (more)