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Riot Games Commits $10M To Minority Owned Game Studio Investments

socalTECH

Los Angeles-based Riot Games is looking to help patch up rocky race relationships in the United States, saying over the weekend that it will invest $10M in minority-owned game studios, in addition to providing $1M to the Innocence Project and the ACLU (American Civil Liberties Union), via is Social Impact Fund.

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Former Guns N' Roses Drummer Creates Cryptocurrency Startup, Artbit

socalTECH

The former drummer of Guns N' Roses, Matt Sorum, has create a brand new, Los Angeles cryptocurrenc startup-- Artbit , which says it will offer up compensation to up-and-coming artists from their fans. The startup said it will help creaters fund their passions through a "crypto-economy powered by hashgraph". READ MORE>>.

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How the myth of the ‘girlboss’ harms emerging women in tech

TechCrunch LA

allocate 98% of their funding to startups helmed by men. million for her app, placing Squad in the mere 0.34% of companies funded last year with a Black woman founder. billion valuation to open up permanent retail stores in Seattle, Los Angeles and London, capitalizing on the dewy fairytale of its Manhattan flagship store.

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13 Red Flags To Avoid In Your Investor Funding Pitch

Startup Professionals Musings

Others, like Guy Kawasaki , have irreverently called some of these “entrepreneur lies,” but I prefer to think of them as innocent enhancements or omissions that can kill your deal. The average valuation for Angel investments is about $2.5 Declare a $10 million valuation with no revenue or customers.

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5 Ways To Check Your Investor Intent Before Signing

Startup Professionals Musings

Struggling entrepreneurs are often so happy to get a funding offer that they neglect the recommended reverse due diligence on the investors. Taking on equity investors to fund your company is much like getting married – it is a long-term relationship that has to work at all levels. A sample of three views is adequate.

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7 Ways Due Diligence Helps Before Final Commitment

Startup Professionals Musings

Entrepreneurs who set milestones for their team, and consistently meet or exceed the commitments are much more likely to do the same with invested funds. Based on my own experience as an angel investor, I’m convinced that surprises rarely are any intent by the entrepreneur to defraud or even mislead potential investors.