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Bird Cuts Five Percent Of Staff, Says Report

socalTECH

Santa Monica-based scooter rental service Bird has laid off approximately 5% of its full-time staff, according to a report on Thursday, in what has been attributed to an effort to "contain costs". The report said 40 people were laid off.

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GoCoin Raises $550,000 For BitCoin Purchases

socalTECH

Santa Monica-based GoCoin --one of the first BitCoin startups to emerge out of the Silicon Beach technology ecosystem--said today that it has raised $550,000 in a seed funding round, to develop a platform to enable the purchasing of good and services around the world with Bitcoin. READ MORE>>.

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Reflections on 2016: Rob Freelen, Silicon Valley Bank

socalTECH

In 2016, our Santa Monica office more than doubled market share of early-stage companies. Though we bank companies large and small around the globe, here in L.A. we're proud to be part of one of the world's most vibrant innovation ecosystems with some of the fastest growing companies and most creative entrepreneurs.

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Want to Start a Technology Company in LA?

Both Sides of the Table

I was recently interviewed for an article that appeared in Fast Company titled, “ Why you should start a business in LA.&# If you’re interested in the topic it’s worth a read, but I thought I’d elaborate on the topic since it comes up all the time. But we have a great city for building technology companies.

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Launchpad LA – 10 Startup Companies to Watch

Both Sides of the Table

Thursday night was the unveiling of the newest batch of Launchpad LA companies. The VC’s & executives were then asked to make “commitments&# (in writing) to 3-5 of the companies that they felt they could make some sort of contribution to. Have a look at the companies below.

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GoMeta Gets $2M For Augmented Reality Universe Tools

socalTECH

San Diego-based GoMeta , a new, augmented reality startup being led by serial entrepreneur Dmitry Shapiro, has raised $2M in a seed funding round, and launched its app out of beta. GoMeta develops a mobile platform--currently running on iOS--that allows developers create their own augmented reality apps and worlds.

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Comparably.com, Led By Jason Nazar, Raises $6.5M For Pay Transparency, Culture

socalTECH

Santa Monica-based Comparably.com , a new startup led by longtime entrepreneur Jason Nazar, has raised $6.5M in a funding round, and launched a new platform to help people compare pay and culture between companies. READ MORE>>.