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White House Order Bans TikTok, WeChat

socalTECH

The executive order cited a "national emergency with respect to the information and communications technology and services supply chain". TikTok has 1500 U.S. employees, with its largest office in Culver City. READ MORE>>.

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Singularity 6 Takes $16.5M In Series A

socalTECH

Andrew Chen, a Partner at Andreessen Horowitz, will join the company's board of directors as part of the investment. According to Singularity 6, it is looking to deliver a "more meaningful" online game experience. Singularity 6 said the new funding will help it power up its technology and game development efforts.

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The Changing Venture Landscape

Both Sides of the Table

The world around us is being disrupted by the acceleration of technology into more industries and more consumer applications. Technology solutions are now used by authoritarians to monitor and control populations, to stymie an individual company’s economic prospects or to foment chaos through demagoguery. What Has Changed in Financing?

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Looking At LA's Technology Future with Derek Norton

socalTECH

Derek Norton is head of Los Angeles-based Watertower Group (www.watertowergroup.com), a firm which helps companies raise funding, one of the rare companies which has a track record and good reputation helping companies with fundraising, and also runs its own investment fund. Those are two big gaming companies.

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How Do I Feel About the Snap IPO Given I Didn’t Invest?

Both Sides of the Table

Every tech or major news journal in the country is preparing to write their Snap, Inc (creators of Snapchat, Spectacles, etc) stories and many of them seem to want a “How does it feel to have missed this investment story.” But local VCs don’t deserve to get beat up for not investing. Very, very few pan out.

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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

socalTECH

The report--compiled by Ocean Road Partners--included both venture-backed and self-financed information technology companies. Green Dot's backers included Sequoia Capital, Total Technology Ventures, and the Tech Coast Angels. Among other major 2011 exits listed were Riot Games ($400 million) and HauteLook ($270 million).

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Reflections on 2018: Clinton Foy, CrossCut Ventures

socalTECH

Editor's note: All this week, and into the start of next year, we'll be featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. We now have $250 million under management, are investing out of our fourth fund and have made more than 80 investments.