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Los Angeles-based ‘deep tech’ investment firm Riot Ventures is raising a $75M fund

TechCrunch LA

Riot Ventures , the Los Angeles-based, early-stage and deep technology investment firm is going out to market to raise a $75 million second fund to finance the development of startups in LA and beyond, according to fundraising documents viewed by TechCrunch. Oculus, Snap, Tinder and others.

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Lee Schneider: How Los Angeles Became A Startup Town

socalTECH

Lee Schneider is the author of a new book, Chronicle of a Startup Town: Los Angeles , which delves into the people and reasons on why Los Angeles has become one of the epicenters of the startup and technology industry. Why did you decide to write the book? Any personal lessons learned from writing this book?

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Report: Fidelity Writes Down Investment in Snapchat

socalTECH

A report Tuesday in the Financial Times said that investment giant Fidelity has written its investment in Los Angeles-based Snapchat by 25 percent, citing data from a Morningstar report. Snapchat--arguably, the most visible "unicorn" startup in Southern California--had been valued at $15 billion in its last fundraising round.

Snapchat 100
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An LA-led, public-private partnership pitches a $150B green infrastructure package to Congress

TechCrunch LA

Representatives from the government and the utility managing the power of Los Angeles are proposing a sweeping infrastructure package worth roughly $150 billion centered on the broad electrification of transportation and industry. Light-duty charging infrastructure occupies another $10 billion of the suggested stimulus measures.

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Top LA investors discuss the city’s post-COVID-19 prospects

TechCrunch LA

When it comes to venture capital, Los Angeles is a city on the rise. While Los Angeles has a lot going for it, that also means it potentially has a lot to lose in the current economic downturn. As Mucker Capital co-founder Hsu writes, “There are far more great companies than there are venture dollars here in LA.

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Mythical Games raises $75M to build an NFT game engine

TechCrunch LA

Mythical Games , an NFT games startup based out of Los Angeles, has banked a $75 million raise from new and existing investors betting on the startup’s aim to expand the ambitions of their first title and locate a substantial platform opportunity amid helping developers build blockchain-based gaming experiences.

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Marketing, Startups and Networking in Los Angeles – Cliff Allen

SoCal CTO

Cliff Allen is someone I've known for quite a few years and he's a go to person for me when I'm thinking about issues around marketing, sales, technology, startups and networking. I moved into writing software to analyze audience data, and wrote a lot of computer graphics software. Cliff, remind me about your background? Great stuff.