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Insights and Opinions: What's Ahead for SoCal Startups?

socalTECH

For today's Insights and Opinions Section , Rob Freelen, Los Angeles Marketing Manager for Silicon Valley Bank, talks about the startup outlook for 2019. Market swings, geopolitical tensions and shifting trends always have the potential to throw us off course.

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Understanding What’s Going on in #LATech

Both Sides of the Table

Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA. Of course we compete from time-to-time but you’re way more likely to find us binding together to build a great tech ecosystem than fighting or bad-mouthing each other. Don’t we know it. We love LA!

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Another Major Win for LA Tech

Both Sides of the Table

But one tech news story stood out for me — the fact that LA-based Dollar Shave Club (DSC) was sold to Unilever for $1 billion. But I knew instantly in seeing that video that Dubin was at a minimum a market genius and had a product that would resonate to a segment of the market.

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More Great News for #LATech – Crosscut Ventures Raises $75 Million Fund

Both Sides of the Table

Today is a huge validation for Crosscut and continued faith that LPs that any national VC would covet are placing on the LA market and two great institutions – The James Irvine Foundation and Top Tier Capital – have underscored this by backing Crosscut. LA has grown up a lot over the past 5 years. Together we are all stronger.

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Tx Zhuo On LA's Newest Venture Fund, Fika Ventures

socalTECH

But now, I see that these highly technical graduates are excited about technology companies here, particularly because of companies like Snap, Dollar Shave Club, and Cornerstone OnDemand. From your observations on the market, what do you think makes the difference between a successful and not so successful startup?