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Coaches and mentors from companies like Topspin Media, Citysearch, Beachbody, Lootsie, Datapop, and Carbon also are involved. hack4la hackathon civic data government topspin citysearch datapop community collaboration prize google scopely esri factual makerspace' READ MORE>>.
Operating experience (Helped run parts of CitySearch & UrbanSpoon, tons of product management experience, Board of Hatch Labs which helped spawn Tinder). Her network from her educational institutions alone has friends in all of the top tech, media & banking institutions. She is a coach and mentor to team members.
The basic components are obvious: talented founders, great engineers, angel money, venture capital, access to larger corporates (for business, funding & talent), great education / research (for IP breakthroughs) and a sufficient ecosystem of mentors, advisors, executive coaches and mavens. You also need marketing muscle.
The city has, however, quietly been home to some of the most successful online companies to date, including CitySearch (sold to Ticketmaster for $260 million in 1998), Overture (acquired by Yahoo for $2 billion in 2003), eHarmony and LowerMyBills (bought by Experian for $330 million in 2005). before which is second-time entrepreneurs.
One of the best sales coaches I ever worked with used to talk to me about “testing prospects.” GroupOn, Living Social, AdMeld, Gilt Group, Demand Media, ShoeDazzle, Tumblr, FourSquare, etc. You can’t just do those things in business that you enjoy. Make fund raising a habit. Don’t only engage every 18 months.
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