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Report: Backstage Capital Shifting To Accelerator Model After Fundraising Issues

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West Hollywood-based venture investment firm Backstage Capital is shifting entirely to an accelerator model, according to reports today, after failing to raise a new, $36M venture capital fund. The report--from Axios--said the fund is now entirely focused on its accelerator, Backstage Studio, and also has been cutting staff.

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Backstage Capital Launches New Startup Accelerator In LA

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West Hollywood-based Backstage Capital , a venture capital investor which focuses on minorities--including women, People of Color, and LGBT founders, said recently that it has launched the Backstage Accelerator , a three month, startup accelerator which will provide in-person resources and support to its portfolio of companies.

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UK-based women’s networking and private club, AllBright, raises $18.8 million as it expands into the US

TechCrunch LA

AllBright , the London-based women’s membership club backed by private real estate investment firm Cain International , has raised $18.8 locations — Los Angeles, New York and Washington, DC. The club’s first American location will be in West Hollywood, and is slated to open in September 2019.

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LaughStub Takes On Comedy Ticket Sales, With Angel Backing

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The firm--which the Tech Coast Angels revealed last week that it had funded in 2010--also has the backing of well known angel investor Paige Craig, who also sits on the firms advisory board. No details on the angel funding for LaughStub have been announced. The firm is headed by Scot Richardson. READ MORE>>.

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Tech Scenes: Greg Bettinelli of Upfront Ventures

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In this solo episode we meet up with Greg Bettinelli and talk about Upfront Ventures, investing in Los Angeles, high performance cultures, building legacy, helping/funding/nurturing entrepreneurs and the future of the Los Angeles tech scene.

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Uber Eats pilots autonomous delivery with Serve Robotics, Motional

TechCrunch LA

Uber Eats is launching two autonomous delivery pilots in Los Angeles on Monday with Serve Robotics, a robotic sidewalk delivery startup, and Motional, an autonomous vehicle technology company. Serve’s program will focus on shorter trips in West Hollywood.

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Evercar Plans LA Expansion For EV Rentals For Uber, Lyft Drivers

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Los Angeles-based Evercar , a company which is developing an electric vehicle sharing network--starting with Los Angeles--says it plans a major expansion in this market, and plans to add as many as 1,000 vehicles in the Greater Los Angeles area. READ MORE>>.