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Drinks Holdings Raises $15M

L.A. Business Journal

a patented e-commerce platform for wine aficionados, raised $15 million in a Series B capital round led by Beverly Pacific Holdings Inc., with Walnut-based Shea Ventures and Stable Road Capital Advisors Inc. in Venice in the mix on the institutional side. Glendale-based Drinks Holdings Inc.,

Walnut 100
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Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly. billion in venture capital to LA’s technology startups and 2014 will shatter that figure. The patents Overture held became known in small circles as Google’s ’361 problem as outlined here.