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BLANKSPACES , one of the original, coworking facilities in Los Angeles, is returning to SantaMonica's 2nd Street, according to CEO Jerome Chang. Chang said that its 2nd St. location will again be operating as BLANKSPACES. READ MORE>>.
I am super excited to announce that today is a day of lots of new things for my partners & me: A new fund, a new office and a new brand. Let’s start with the fund. We have previously raised funds in 1996 ($200 million), 2000 ($400 million) and 2008/9 ($200 million). We love all of LA and fund all regions.
Realtime , a startup developing technology to help power real-time web applications, said today that it has raised $100M, launched in the U.S., and opened up a new office in SantaMonica. The new funding came from BRTech Holding, a Sao Paulo-based technology investment firm.
Tracy DiNunzio isn’t your typical Silicon Valley startup founder. She did her first tech startup after the age of 30. And she didn’t start her company in Northern California. She leveraged herself and even sold many of her possessions to get started. She started her business from a personal need.
I have never been more optimistic about the impact that the tech startup community is having on cities in America or about the role that cities outside of San Francisco / Silicon Valley can play in our future. Changes in the Startup Ecosystem. Open source computing, which reduced costs to start a company by 90%. And on and on.
In SantaMonica, Hackathon first-timers and veterans all gathered at CrossCampus to hack almost 30 products within 24 hours. The panel of judges, comprised of LA startup VIPs like Jeff Lapin, based their decisions on the hack's completeness and creativity while taking into account the quality and fullness of the team.
Launchpad LA today announces it will accept applications for its third class of Los Angeles-based tech startups. 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. This education will continue.
SantaMonica-based Science Inc. , the startup studio led by former MySpace CEO Michael Jones and startup veteran Peter Pham, is the lead investor in electric motor startup Linear Labs. in a seed funding round, led by Science Inc. in a seed funding round, led by Science Inc.
SantaMonica-based Broke Girl's Guide , a startup focusing in on daily deals and information for women, has scored a small debt funding round, according to a regulatory filing by the firm this week.
SantaMonica-based Cornerstone OnDemand , the developer of talent management and human resources management software, is boosting its efforts to support the Los Angeles technology ecosystem, through the launch of its own incubator and investment fund. READ MORE>>.
Boost.ai , a European startup which is developing conversational artificial intelligence (AI) software for banks, financial institutions, and other enterprises, said this morning that it has set up shop in SantaMonica, setting up its North American headquarters here as it expands to the US. was founded in 2016.
I am so proud and humbled to be able to formally announce that Upfront Ventures has raised its 6th venture capital fund in the past 21 years. Upfront VI is our latest core fund and is $400 million to invest in early stage entrepreneurs. This brings our combined funds under management to nearly $2 billion.
Combine that with the growing startup community here, and you end up with at. We've compiled a list of five of the startups that are revolutionizing some part of music, based here in Southern California. It specifically does NOT play Top 50 music, instead, helping the audience explore and find up and coming music.
Silicon valley startup incubator program 500 Startups announced its latest batch of startups Wednesday, with a surprise: a local, SantaMonica firm among the fifth batch of companies being backed by the accelerator. Chewse was founded by Tracy Lawrence and Jeff Schenck. Schenck was formerly at Adly.
Silicon Valley law firm Cooley LLP made some big waves in July with an expansion into "Silicon Beach" and a new office in SantaMonica. It's unclear how and if the new venture fund will invest in any of the firm's new Silicon Beach clients. READ MORE>>.
My friend Michael Broukhim, founder & co-CEO of FabFitFun and I recently had a catch-up meeting for 3-miles on the SantaMonica “Bird Trail” No company has ever elicited so many questions by friends, colleagues, entrepreneurs, fellow VCs and journalists as has Bird, the company that pioneered the electronic scooter as a service market.
There seems to a perpetual shortage of local venture capital investors in the region, despite the huge growth in startup activity here, particularly along Silicon Beach. Among those funds is TYLT Lab (www.tyltlab.com), which recently announced a new, $20M early stage investment fund specifically focused on companies here.
Startups related to the many University of California campuses in Southern California may soon have a new source of funding: The University of California itself, via a new, $250M venture capital. The fund would seek to invest in companies started on campus, from University research, and from students. READ MORE>>.
Brad wrote up his answer here – you should read it because it’s very instructive for how I believe communities ought to think about naming conventions. I recommend that you start by writing down the attributes you would want people to think about when they think about your brand. This is the list I would start with.
In what is a huge blow to Silicon Beach, SantaMonica-based BetterWorks , the software-and-technology-meets-employee-perks startup run by Paige Craig, told its users today that it is sunsetting its site on May 31st. BetterWorks--and Paige Craig--have been one of the companies driving the growth in SantaMonica's Silicon Beach.
A new startup, headed by entrepreneur Wil Schroter, has launched this week, looking to make it easier for startups to raise funding. SantaMonica- and Columbus, Ohio-based Fundable said that it is looking to provide a crowdfunding platform for "serious startups". on its advisory team. on its advisory team.
Los Angeles has been in the midst of a technology boom over the last few years, with many of high profile startups growing in the area. We spoke with Bryce Maddock , founder of TaskUs, about the company and how it has been providing the manpower behind a lot of LA''s technology startups. So, what is TaskUs?
It was standing room only at StartEngine 's Demo Day Wednesday afternoon, held at SantaMonica's Cross Campus , as the startup accelerator launched eight of its latest startups into the world, after a 90 day process of mentoring, honing their business model, and heads down development. It's unclear. READ MORE>>.
SantaMonica-based BlockBeacon , a new, venture backed startup developing mobile applications to help connect users with local restaurants and bars, has released a new iPhone app aimed at helping locals discover interesting, socially active places nearby.
David Carter and Allen Hurff are two startup veterans, who believe they have a new formula to help create early stage, technology companies, through their new "startup studio", Zuma Ventures (www.zumavc.com). We sat down with David and Allen to learn more about how the company wants to change how startups are created.
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. As a result many funds are OK with big bets.
StartEngine , the startup accelerator headed by Howard Marks, is launching its newest class of startups today in a private event in SantaMonica. The eight startups are pitching their investors to startups at CrossCampus in SantaMonica this afternoon. READ MORE>>.
However, fast forward to today, and the two players behind the two biggest CRM software products of the desktop PC age--Pat Sullivan and Jon Ferrara--are head to head again, as Sullivan''s new startup, Contatta , announced a funding round for its launch of a new, customer relationship management software product.
This is part of my Startup Advice series. at a startup that has already raised $5 million the chances of you making your retirement money on that company is EXTREMELY small. But given that a home in Palo Alto or SantaMonica will set you back $2 million it’s hardly riding off into the sunset. Let’s face it.
SantaMonica-based Kuapay , a new startup aiming at the mobile payments and loyalty markets, has scored $2M in funding, the firm has disclosed. The startup is headed by Joaquin Ayuso de Paul, one of the angel investors in Border Stylo and co-founder of Spanish social network Tuenti.com (acquired by Telefonica).
A few years ago I started calling the local tech ecosystem down here #LATech. In fact, many people know I grew up in NorCal and still have a 650 area code on my mobile phone. Burstly is a SantaMonica-based team that I also proudly funded. Startup Lessons' I had an agenda. LA has a serious technology scene.
” That’s what one investor said of the hot new SantaMonica, Calif.-based based startup, Bird — an electric scooter company that’s now in the process of raising as much as $100 million on a $300 million valuation, according to several people with knowledge of the company’s […].
” That’s what one investor said of the hot new SantaMonica, Calif.-based based startup, Bird — an electric scooter company that’s now in the process of raising as much as $100 million on a $300 million valuation, according to several people with knowledge of the company’s plans.
I think that’s one of the reasons that many of the most interesting bay area startups are choosing to locate themselves in the city. And make-up artists. One of the major trends I’ve outlined is this movement of entrepreneurs (and as a lagging indicator venture funds) to more urban environments. And sound engineers.
Los Angeles-based membership-based airline Surf Air said today that it has raised a Series B round of funding, and also received its FAA Operating Certificate -- a huge step in getting the company''s services off the ground. Size of the funding round was not disclosed. READ MORE>>.
Los Angeles business accelerator program upStart.LA , one of numerous startup acceleration and incubation efforts to start in the last year in Southern California, is merging with a startup in SantaMonica, Cross Campus. According to a note to supporters form upStart.LA
A new, SantaMonica-based startup has created a new iTunes application, Draftpedia , aimed at providing a comprehensive source for NBA and NFL Draft history, player stats, and team rosters. The two were roommates at UC Santa Barbara and hatched the idea because they are diehard sports fans.
SantaMonica-based venture capital investor Siemer Ventures is one of the backers of a new, Japanese mobile video entertainment startup, Breaker. According to Breaker, it has raised $2M in a seed funding round, to help bolster its efforts to produce and distribute mobile video entertainment in Japan. READ MORE>>.
I often advise startup companies not to try and pin all of your brand equity into an announcement. It’s something you must earn over time by living up to the name you define. We are trying hard to live up to the guidelines we laid out for our investors, our portfolio companies and our community. It would be out of sync.
SantaMonica-based BetterWorks , a stealth mode startup headed by well known angel investor Paige Craig, has raised around $1.5M in a funding round. The funding actually occurred in late December, over the holidays. The firm is a return to Craig's business-to-business roots. READ MORE>>.
Los Angeles-based venture capital investor GRP Partners announced this morning that it has raised a fourth fund, worth $200M, and also renamed the firm Upfront Ventures. The 17-year old firm, which also said it will open up a brand new home at the center of Silicon Beach, signing a 10-year lease for a space on 7th Street in SantaMonica.
SantaMonica-based Tastemade , a publisher of food focused, video content led by Larry Fitzgibbon, said this morning that it has raised $25M in a Series C funding round. The funding was led by Scripps Networks Interactive, and also included Liberty Media, Redpoint Ventures, Raine Ventures and Comcast Ventures.
The Tech Coast Angels , Southern California's most active , organized angel investment group, has a goal: cut down the time it takes to fund a startup presenting to the organization. READ MORE>>.
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