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Riot Games Creates College, High School Sports Body

socalTECH

Los Angeles-based videogame publisher Riot Games has created a brand new organization to govern college esports, called the Riot Scholastic Association of America (RSAA). According to Riot Games, the new organization will be the governing body for Riot's college and high school esports activity.

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Pragma is a back-end toolkit for gaming companies, so game developers can focus on games

TechCrunch LA

Well, now those development studios can turn to Pragma , which is building the back-end toolkit for gaming companies so their developers can focus on what they do best — making games. In the game industry, a game can stay in beta for years as developers work out the kinks. The company raised $4.2

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NI0, Backed By $500K From Tech Investors, Gears Up For Launch

socalTECH

The startup is aiming at the athletic training and recovery market, with a new sports tape which incorporates supplements. Riot Games). NI0 is led by Braven Greenelsh, and says it is currently in another seed funding effort.

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Tongal Ramps Up Hiring

socalTECH

Santa Monica-based Tongal , the crowdsourced, marketing and advertising content firm led by Rob Salvatore, has been ramping up hiring, saying today that it has added a significant number of people this month--including three executives to its senior leadership team.

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Nix Hydra Gets $5M For Video Games

socalTECH

Nix Hydra said the new funding round will go to further develop its Egg Baby franchise, and expand into international markets. The company says the new round brings its total raised to $5.6M, including an earlier angel round from such investors as Matt Britton (MRY), Vinny Linghma (Gyft), and Brad Schwartz (Riot Games).

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Understanding What’s Going on in #LATech

Both Sides of the Table

10 years ago we found ourselves trying to persuade LPs and VCs that it was worth spending more time getting to know the LA market and now the most common refrain that I hear from them is “there really is something going on in LA.” Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA.

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The Changing Venture Landscape

Both Sides of the Table

With the enormous changes to our economies and financial markets?—?how how on Earth could the venture capital market stand still? One of the most common questions I’m asked by people intrigued by but also scared by venture capital and technology markets is some variant of, “Aren’t technology markets way overvalued?