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Tech Coast Angels Los Angeles Launches New Members Only Fund

socalTECH

The Tech Coast Angels says it has launched a new, annual fund, and is continuing to invest--despite the pandemic. The angel group, the largest in the nation, said it invested over $19M in 2019, in part due to a similar fund created by its San Diego chapter, the TCA-San Diego, last year.

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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. What are you most looking forward to in the technology/startup world in 2021? Andy Wilson is a well known leader in the Southern Californian innovation ecosystem and has started, led or invested in more than two dozen tech start-ups.

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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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Hyundai taps EV startup Canoo to develop electric vehicles

TechCrunch LA

Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies.

Startup 310
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New guidance on SBA loans means most startups are still excluded from $349 billion stimulus

TechCrunch LA

Late Friday night, the Treasury Department updated its rules regarding the “affiliation” of private entities to include religious organizations but keep in place the same rules that would deny most startups from receiving loans. (b) — Doug Rand (@doug_rand) April 4, 2020. — Mark Suster (@msuster) April 4, 2020.

Startup 322
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Tech Coast Angels Orange County Launches The TCA OC Fund 20

socalTECH

The Orange County arm of Southern California's largest, angel investment group--the Tech Coast Angels --said today that it has opened up a new fund, the TCA OC Fund 20 , the first in a set of annual funds which will go to invest in startups in the region. READ MORE>>.

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Garcetti, With Eye On 2020, Takes LA Innovation Model Nationwide

socalTECH

Los Angeles Mayor Eric Garcetti --who may be looking to a Presidential run in 2020--is launching a new nonprofit which looks to take his pro-innovation and pro-startup approach in Los Angeles, and takes it nationwide. Garcetti has gained a reputation in Los Angeles for his pro-growth and pro-startup efforts.