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In startup-land, however, the presumptions about where housing demand is going looks a bit different. A Crunchbase News analysis of residential-focused real estate startups uncovered a raft of companies with a shared and temporary housing focus that have raised funding in the past year or so. This isn’t a U.S.-specific
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. ”
Santa Monica-based Demand Media (www.demandmedia.com) has seen its share of ups and downs as one of the highest visibility technology and media companies to come out of Southern California's technology ecosystem in recent years. What is Demand Media doing nowadays? Our whole goal is to create content for real life.
I find it amusing when a journalist writes an article about a prominent startup (either privately held or preparing for an IPO) and decries that, “They’re not even profitable!” Exec Summary: Most companies (98+%) in the world (even tech startups) should be very profit focused. What makes up revenue?
In the latest, smartphone-driven, on-demand service to hit the Los Angeles area, Zeel says it has launched into the Los Angeles area, and has begun offering up same day, in-home massages from licensed therapists in the area. ondemand angeles massage zeel' READ MORE>>.
Santa MOnica-based Demand Media made a surprise move this morning, saying it has appointed former Ticketmaster CEO Sean Moriarty as its new CEO--and also acquiring Moriarty''s startup, Saatchi Art. According to Demand Media, it paid $17M for Saatchi Art, in a mix of cash and stock, in a deal which will add revenues of $0.5M
Santa Monica-based Washio , the venture-backed, on-demand laundry startup, has shut down, according to the company. The company said that it will be shutting down its operations, as of Aug 29., and returning orders to customers. The company did not say why it decided to shut down. READ MORE>>.
There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. It’s common cocktail party chatter to hear people confidently pronounce that some well known startup is sure to blow up because, “How could they succeed when they’re not even profitable!”
DeveloperAuction , a Bay Area startup which is looking to let employers bid for engineers on an auction basis, has expanded into Los Angeles, beyond an initial launch in the San Francisco Bay Area, New York, and Boston. The firm says it only has candidates who are from "Facebook, Google, Apple, Twitter, Zynga, Stanford, and MIT".
Cybersecurity insurance startup At-Bay has raised $34 million in its Series C round, the company announced Tuesday. But where traditional insurance companies have struggled to acquire the acumen needed to accommodate the growing demand for cybersecurity insurance, startups like At-Bay have filled the space.
An edtech startup called Entity Academy — which provides women with training, in areas like data science and software development; mentoring; and ultimately job coaching — has raised $100 million on the heels of strong growth of its business, and an ambition to improve that ratio.
A new, Los Angelesstartup, Dentulu , is hoping to make it easier for you to handle dental care--saying it wants to allow patients to book a dental appointment much like they might book a ride on Uber. The company says its services start at $299. Too busy to bother with a visit to the dentist? READ MORE>>.
It was like having a bunch of mini- Free Startup CTO Consulting Sessions all in one room. This is exactly the kind of thing I'm doing as a Part-Time CTO or Technical Advisor for startups. And it made me come to a new realization: Every early-stage web/mobile/online startup should have at least one technical advisor, probably two.
2 preamble issues having read the comments on TC today: 1: I know that the prices of startup companies is much great in Silicon Valley than in smaller towns / less tech focused areas in the US and the US prices higher than many foreign markets. I said both in the article but felt compelled to provide a statement up front for the skimmers.
an on-demand repair app for electric vehicle charging stations, has seen these issues firsthand. Demand for ChargerHelp’s service has attracted customers and investors. This round values the startup, which was founded in January 2020, at $11 million post-money. Powering up. Terry, who co-founded ChargerHelp! ,
” Here’s how all the drama started for me. There weren’t a lot of seed funds in 2007 so this was often done by angels, funding consortia or sometimes early-stage funds that existed then (First Round Capital, True Ventures, SoftTech VC, etc.). So VCs started writing some smaller A-rounds.
One year after a $38 million Series B valued on-demand aviation startup Blade at $140 million, the company has begun taxiing the Bay Area’s elite. The goal is to shorten trips made excruciatingly long due to bad traffic in major cities like New York, Los Angeles and San Francisco.
In order to extract value beyond your Angel investors' cash, you must first assess three important parameters: (i) the relative strength of their personal brand, (ii) their ability to add operational value, and (iii) the amount of care and feeding they will demand from you. Four Common Angel Archetypes.
Do you need a board when you first start you company? If you haven’t raised any money or if you raised a small round from angels or friends & family I would suggest you avoid setting up a formal board unless the people who would join your board are deeply experienced at sitting on startup boards.
Some thoughts on raising angel money. When convertible debt first started being introduced as a “faster, cheaper way to get startups funded” they didn’t have pricing built into them. But many convertible-debt companies are starting to feel that pinch now. I’m starting to hear it more often.
seems like an unlikely place to grow one of the next billion-dollar startups in the booming Los Angeles tech ecosystem. But it’s here in the (other) Valley’s southernmost edge that investors have found a startup they consider to be the next potential billion-dollar “unicorn” that will come out of Los Angeles.
Postmates is now rolling out what could be the biggest update to the company’s service in a long time — adding a retail option for users to shop local stores and for local merchants to set up a virtual on-demand storefront in the app. “ Most of the LA metro area will have access to the tab. . earlier this month.
It was standing room only at StartEngine 's Demo Day Wednesday afternoon, held at Santa Monica's Cross Campus , as the startup accelerator launched eight of its latest startups into the world, after a 90 day process of mentoring, honing their business model, and heads down development. Standing room only crowd at StartEngine).
Reducing consumption by expanding the notion of the rental economy and giving people access to tools and equipment has been something of a startup holy grail for some time. Rodgers O’Neil came up with the concept back in 2012 when she was working as a marketing executive for General Electric out of Boston.
Nearly every successful tech startup I’ve observed over the past 20 years has gone through a similar growth pattern: Innovate, systematize then scale operations. Innovate In the early years of a startup there is a lot of kinetic energy of enthusiastic innovators looking to launch a product that changes how an industry works.
Los Angeles is partnering with on-demand shuttle-based service Via as part of a pilot program that will give people rides to three busy public transit stations. Under the pilot program, Via will provide on-demand rides to and from the Compton, El Monte and North Hollywood stations.
We also discussed how to deal with pricing in angel rounds and a strategy I advocated in my “social proof&# blog post , which is to price your initial angel round really low and get in the best possible angels as a way to get momentum in the company. Angels have a much lower threshold for returns than do VCs.
Holey Grail Donuts started selling its hand-fried, made-to-order taro donuts on Sunday mornings out of a little red burger trailer in Kauai in 2018. Dreiling, who was previously doing ecological engineering in Oregon, teamed up with his sister, Hana Dreiling, a private chef in Kauai, Hawaii, to start Holey Grail Donuts.
These days, it's not unusual for a handful of tech and startup mixers and events to be going down on the westside. I've lived in Los Angeles for ten years now. Memberships start at $99 per month. We just doubled our space and we're still can't keep up with the demand for office-space to work in."
Crowdfunder , the Los Angelesstartup led by CHance Barnett, has launched another crowdfunding event aimed at the local industry, saying Wednesday that it has launched CROWDIMPACT LA , a pitching competition which will award $20,000 in a top prize to a winning social enterprise company.
Shuttle startup Via and the city of Cupertino are launching an on-demand public transportation network, the latest example of municipalities trying out alternatives to traditional buses. The on-demand shuttle service, which begins October 29, will eventually grow to 10 vehicles and include a wheelchair-accessible vehicle.
Who are the top tech companies to work for in Los Angeles? popped up consistently in an informal (and highly non-scientific poll) of a number of readers, executive recruiters, and others in the Los Angeles area, who cited growth, brand, profitability, and other factors in their suggestions to us of the top companies. LiveNation.
A big group of local, Silicon Beach startups and established tech companies have signed up to showcase the Los Angeles high technology world, according to a list released today by Silicon Beach Sunday. and Retention Science.
These tensions seep out in some angels or seed funds publicly or semi-privately deriding later-stage VCs for their “bad” behavior. would you want to give up the right to invest in subsequent rounds? Do investors always take up their prorata rights in later rounds? ” Some do, some don’t.
Google raised the curtain with a splashy announcement that they’d be setting up their fifth cloud region in the U.S. in Los Angeles. Now companies like Microsoft, Google, and Amazon are competing for their business as more companies wake up to the pressures and demands for more flexible technology architectures.
Representatives from the government and the utility managing the power of Los Angeles are proposing a sweeping infrastructure package worth roughly $150 billion centered on the broad electrification of transportation and industry. Light-duty charging infrastructure occupies another $10 billion of the suggested stimulus measures.
Some entrepreneurs start polling venture capitalists for that multi-million dollar investment before they even have a business plan. It’s helpful to think of startups as proceeding through several stages, which I have defined a long time ago from a funding perspective. Don’t waste your resources on the wrong ones.
Let me start with the obvious baseline that most people probably know instinctively: Los Angeles is the 3rd largest technology startup ecosystem in the US. Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly. LA By The Numbers. But even this is changing.
When it comes to venture capital, Los Angeles is a city on the rise. While Los Angeles has a lot going for it, that also means it potentially has a lot to lose in the current economic downturn. How do you think COVID-19 will change entrepreneurial activity in Los Angeles?
I even prefer to fund entrepreneurs who have experience some level of set-backs in their careers or startups because I think it brings a humility to decision-making that I find healthy. You also ran the risk that if you hired employees quickly and then demand wasn’t as strong as expected it was incredibility hard to fire people.
Los Angeles-based Squeegy has recently launched into the market, with an on-demand, car wash service--currently serving the west side. The startup is led by Andrew Davis. Tired of driving around a dusty, dirt encrusted car, but too darn busy to find a car wash? The company is currently self funded. READ MORE>>.
I was an angel investor in his company, made a bunch of calls on his behalf and then I personally sent it out on AngelList. I just had to line up behind him. We then started talking about Dave McClure. At first I was cynical about his ability to have 500 startups (or some fraction of that which is still larger than any VC has).
Luckily, not all investors are looking for the same thing, so it pays to know what type of investors are most interested in what your startup brings to the table. The key is understanding how potential investors see you, and especially how they view the maturity stage of your startup. Congratulations!
One of the most recently graduates of the DreamIt Ventures accelerator in Philadelphia--which is holding its Demo Day today--is none other than Los Angeles company NinjaThat. The startup operates an online marketplace that allows businesses and individuals to hire students "on-demand" to accomplish tasks for them.
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