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

TechCrunch LA

New research has found that San Francisco and London have become two of the world’s leading hubs for VC investment into tech solutions that address one or more of the 17 UN’s Sustainable Development Goals (SDG), more commonly referred to as “Impact Tech” They are followed by Paris, Berlin, Stockholm, Shanghai and Beijing.

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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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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. Trump (@realDonaldTrump) April 4, 2020.

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Former Tinder VP Launches Startup Accelerator, Product Club

socalTECH

who is based in Los Angeles--has launched a brand new startup accelerator called Product Club , which is aiming itself at accelerating a small class of product-focused startups. The new accelerator said it will invest $100K in three companies, taking 5 percent equity, and run its accelerator entirely remote.

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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)

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Startups Weekly: Upfront Ventures bets on a bus service

TechCrunch LA

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy news pertaining to startups and venture capital. Landline , the operator of a bus network in the Midwest, is one of the latest companies to raise venture capital. Ginkgo Bioworks raises capital at a $4B valuation.

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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

TechCrunch LA

In all of 2020, it processed $53 billion in volume. Meanwhile, in 2020, Klara hit over a billion in revenue. in markets such as New York and Los Angeles. With this round, the company is again giving 1% of the equity raised back to the planet. The company’s momentum can be seen in its impressive financial results.