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SpaceX alumni are helping build LA’s startup ecosystem

TechCrunch LA

During the days when Snapchat’s popularity was booming, investors thought the company would become the anchor for a new Los Angeles technology scene. Instead, several former SpaceX employees have launched a raft of new companies, capturing the imagination and dollars of some of the biggest names in venture capital.

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How Much Is Snapchat Really Worth?

socalTECH

How much is Los Angeles-based Snapchat really worth? The report last week that Snapchat is raising a new funding round at $3.5 snapchat valuation venture capital mobile social teenager startup' READ MORE>>.

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Snapchat Announces $60M Funding

socalTECH

Los Angeles-based Snapchat has officially announced its Series B funding, raising $60M in a round led by Institutional Venture Partners. The funding also included General Catalyst, Benchmark Capital , Lightspeed Venture Partners, and SV Angel. READ MORE>>.

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Snapchat Seeks More Funding At Up To $3.6 Billion Valuation

socalTECH

Los Angeles-based mobile app developer Snapchat is in the midst of a new funding round, which values the company at more than $3.6 snapchat valuation venture capital mobile social teenager startup' READ MORE>>. snapchat valuation venture capital mobile social teenager startup'

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Southern California Firms Get $587.0M In Venture Capital In Q2

socalTECH

in venture capital investments in Q2 2013 across Southern California, spread across 80 deals. However, venture dollars invested were above Q1, when Southern California saw $569.1M However, venture dollars invested were above Q1, when Southern California saw $569.1M in investments across 90 deals.

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Southern California Startups Raise More Than $598.4M In VC In Q4

socalTECH

Southern California''s venture capital investments totaled a little more than $598.4M in the fourth quarter, according to the latest number from PricewaterhouseCoopers and the National Venture Capital Association, in its MoneyTree report. There were 84 venture capital deals for the quarter. For Q4, $8.4

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IVP: We Love LA, So We Invested In Snapchat

socalTECH

A lot of heads turned Monday after Venice-based Snapchat , the instant-photo messaging service known for its self destructing chats, announced a huge, $60M round at a huge valuation. Among the reasons given in a blog post from IVP, defending its investment in Snapchat: the firm loves LA. READ MORE>>.

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