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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. Frankly, it’s awesome to see a VC articulate a vision for the kind of company they would back in a given category. So of course I would love to have been an investor in DSC.

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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. .

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

Both Sides of the Table

Crosscut Ventures has just announced their 3rd fund and clocking in at $75 million , which will be focused heavily on Los Angeles – FTW. This week Michael Dubin’s startup Dollar Shave Club announced a $75 million funding round at a rumored $650 million valuation. Together we are all stronger.

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