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Snap Launches Media Startup Accelerator

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Venice, California-based Snap , the parent company of Snapchat, is launching a new startup accelerator, named "Yellow", the company disclosed on Wednesday afternoon. The accelerator said it will invest $150,000 into ten different "creators" and startups focused in the media area. READ MORE>>.

Media 100
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Moviepilot Sets Up Office In Venice, Hires Two Execs

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Moviepilot , which operates an online movie discovery site, said last week that it has opened up an office on Abbot Kinney in Venice, California, as part of its expansion into Los Angeles. Elkins joins the firm from MEC, where she had run interactive media campaigns for Paramount and Dreamworks.

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Report: Snapchat Buys Cimagine Media

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Venice-based Snap, Inc. , the parent company of Snapchat, has reportedly acquired Israeli startup Cimagine Media. Cimaging Media develops augmented reality technology. The deal is reportedly worth between $30M and $40M. The acquisition was first reported by a local Israeli financial daily. Cimagine was founded in 2012.

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Stackin Snags $4.0M

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venice-based Stackin' , a startup which helps consumers start saving and making investments, has raised $4.0M Stackin' says it already has over 500,000 users who use the service to save money and to start investing, all via text messaging. in a funding round, according to a regulatory filing from the company this week.

Startup 113
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Five Startups Revolutionizing Music, In Southern California

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Combine that with the growing startup community here, and you end up with at. We've compiled a list of five of the startups that are revolutionizing some part of music, based here in Southern California. Miso Media. Earbits is in Venice, and is headed by Joey Flores. intersection of technology and music.

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Resignation Media Leaves LA For Austin

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Online publisher Resignation Media , the publisher of the humor site TheChive is leaving Los Angeles, and is moving its operations to Austin, according to a report Tuesday. Rick Perry recently touring Southern California--and not a small number of its technology startups--trying to convince them to move away. READ MORE>>.

Media 164
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Rally Networks Gets Spot At Virgin Media Accelerator In London

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Venice, California-based Rally Networks , a startup which uses free charging stations in public locations to help spread the word about mobile apps, has been selected for the new Virgin Media Accelerator that is launching in London. READ MORE>>.

Media 100