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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. Read What's Ahead for SoCal Startups? READ MORE>>.

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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. And I constantly have to remind people that the largest tech startup employer in LA is actually SpaceX and that, yes, Elon Musk does live in LA. Don’t we know it. It’s not just Snapchat, although there’s that. 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. Michael has always impressed me since the days of the original launch video that was perhaps the best startup launch video of all time  — 23 million views and counting. Congratulation.

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

socalTECH

But, if you think about a business, as it scales, you end up collecting lots of data, and important data on your customers, including from different data sources. Have you started making investments yet? We're pretty sure in the next couple of weeks the community will start to learn about the investments we've made.

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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. But that was so 2008.

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