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Lawsuit Targets Snapchat Founders, Venture Investors

socalTECH

A new lawsuit, targeting Venice, California-based Snapchat --the hottest company to emerge out of the area''s high tech startup cluster in recent years--says that the company''s founders stole the idea for the company from him after forcing him out of the company early on in its history. READ MORE>>.

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Snapchat's Spectacles Bot Makes Its First Move

socalTECH

Looking to buy one of Snapchat's new high tech Spectacles ? The new product, from Snapchat parent Snap Inc., is only available what Snap is calling the "Snapbot", a vending machine which moves from place to place selling its Snapchat specific, wirelessly enabled camera. READ MORE>>.

Snapchat 100
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Snaphat's Spectacles Bot Makes Its First Move

socalTECH

Looking to buy one of Snapchat's new high tech Spectacles ? The new product, from Snapchat parent Snap Inc., is only available what Snap is calling the "Snapbot", a vending machine which moves from place to place selling its Snapchat specific, wirelessly enabled camera. READ MORE>>.

Snapchat 100
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Southern California Firms Get $587.0M In Venture Capital In Q2

socalTECH

Across the region, Los Angeles led in terms of dollars and deals, with $277.4M The biggest deal for the quarter was for Venice-based photo messaging app developer Snapchat , which raised a huge, $60M funding round in the quarter. invested across 45 companies. Orange County was second, with $161.9M billion invested), New England ($823.0M

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Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

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. They estimate that high-tech work contributes $108.3 And it wasn’t just Google Ad Words that originated in Los Angeles. LA By The Numbers.