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Insights and Opinions: What's Ahead for SoCal Startups?

socalTECH

For today's Insights and Opinions Section , Rob Freelen, Los Angeles Marketing Manager for Silicon Valley Bank, talks about the startup outlook for 2019. Market swings, geopolitical tensions and shifting trends always have the potential to throw us off course. Read What's Ahead for SoCal Startups? READ MORE>>.

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Understanding What’s Going on in #LATech

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Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles. Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA. Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA.

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Another Major Win for LA Tech

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But one tech news story stood out for me — the fact that LA-based Dollar Shave Club (DSC) was sold to Unilever for $1 billion. Michael has always impressed me since the days of the original launch video that was perhaps the best startup launch video of all time  — 23 million views and counting.

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Tx Zhuo On LA's Newest Venture Fund, Fika Ventures

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But, if you think about a business, as it scales, you end up collecting lots of data, and important data on your customers, including from different data sources. What are you applying to this new fund from what you've learned investing in Los Angeles over the last few years? Have you started making investments yet?

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How Do I Feel About the Snap IPO Given I Didn’t Invest?

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The story are the early investors who had foresight to back them — Lightspeed, Benchmark, IVP, SV Angel, General Catalyst, etc. Of course that was a wrong narrative for both companies. But of course we all need the space to be young, to experiment, to do stupid things and not to have it define our entire future. Mostly kidding.

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More Great News for #LATech – Crosscut Ventures Raises $75 Million Fund

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Crosscut Ventures has just announced their 3rd fund and clocking in at $75 million , which will be focused heavily on Los Angeles – FTW. LA has grown up a lot over the past 5 years. This week Michael Dubin’s startup Dollar Shave Club announced a $75 million funding round at a rumored $650 million valuation.

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