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Report: Snapchat Discussing IPO With Bankers, Eyes IPO Next Year

socalTECH

Venice, California-based Snapchat has begun discussing an IPO with bankers, but has yet to select an investment bank to lead the effort, according to a report on Wednesday. Snapchat reportedly is looking at an IPO towards the end of this year or in early 2017. READ MORE>>.

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Two SoCal IPOs On IPO Calendar For This Month

socalTECH

Two, Southern California tech companies-- The Trade Desk , based in Ventura, and Everbridge , which has major operations and was founded in Glendale--are on tap for IPOs this month, according to the NASDAQ's upcoming IPO calendar. READ MORE>>.

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Announcing The Socaltech 50: Southern California's Up-and-Comers

socalTECH

Amanda MacNaughton , PromoJam (Glendale, marketing software). Evan Spiegel , SnapChat (Los Angeles, mobile app). David Lokshin , ActiveReplay (Los Angeles, quantified health). Douglas Merrill , ZestFinance.com (Los Angeles, financial). Dan Murillo , Little Black Bag (Los Angeles, fashion). Raad Mobrem , Lettuce (Los Angeles, software).

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Why We Need to Elect @EricGarcetti on Tues as Next Mayor of Los Angeles

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LegalZoom moved from Hollywood to Glendale. In 2010 the City of Los Angeles started trying to crack down on tax receipts of Internet startups allocating them to the least favorable gross-receipts tax bracket taking up their city tax by 500%. The result? Thousands of jobs.

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The Silent Killer – The Company Your Community Never Created

Both Sides of the Table

And consider Snapchat – one of our hometown favorites as they’re based in LA (Venice Beach). That’s our great gain as Snapchat has also raised a lot of money at a monster valuation ($10 billion reported) and has been scooping up talented Stanford engineers and relocating them to LA. And then there is public policy.

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