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Launchpad LA Receives VC Funding: $50,000 Per Startup

Both Sides of the Table

We have significant VC commitments (listed below) – every entering company will get $50,000 in funding, mentorship from top VCs and successful entrepreneurs plus free office space. Of these 19 have received funding (10 have received significant amounts of VC funding) and 5 have been acquired (2 for more than $30 million).

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Los Angeles investors and entrepreneurs launch PledgeLA, a diversity and inclusion program

TechCrunch LA

Demographics at funds and startups will also be under the microscope, since signatories have agreed to report on their composition by race, gender, age, sexual orientation, disability status, immigration status, veteran status, educational attainment, socioeconomic origin, tenure at a firm.

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Interview with Michele Ruiz and Dan Gould, BiasSync

socalTECH

Our online solution combines both scientific methodology, as well as highly produced, entertaining, professional development content around education and awareness of unconscious bias. It's education, measurement, analysis, and ongoing mitigation strategy. That's what we do over the course of our two year contract.

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How Open Should a Startup CEO be with Staff?

Both Sides of the Table

We funded one in 2005 and lost a lot of money. ” Scary because that hard earned $40,000 you have slavishly saved “for the future” is going to dwindle fast if you can’t bring in funding. It’s 2003 and VCs aren’t exactly lining up to fund startup businesses. Sorry, brah.” It was not.

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8 Tips To Get the Most Out of Your Investors and Board

Both Sides of the Table

By spending more time educating your board on your business you get more valuable advice from them. Understanding where your VC partner sits in their respective fund and where their fund is in the cycle of its investment lifecycle will help you understand your VCs behavior. And by now we all consider him a friend. Assigns tasks.

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How PointPredictive Is Using Machine Learning To Uncover Fraud, With Tim Grace

socalTECH

What we typically see when we implement or test our scores against applications they have previously funded and taken a loss on, is that we could have reduced net chargeoffs from 40 to 60 percent. When you look at the metrics, in some cases, the rules-based systems will have 200 to 300 to 1 false positive rates.

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What I *Would Have* Said at TechCrunch Disrupt

Both Sides of the Table

The VC industry has different segments in it that have different fund sizes, different investment amounts and different risk / return expectations. We need people at all stages of the funding lifecycle and not just VCs. When I look through our own returns across our many funds it has always played out this way.