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Southern California needs to find its hub for it to develop its own tech ecosystem

TechCrunch LA

We’ve also seen a substantial inflow of venture capital from all over the world.”. As BCG writes in its report: The good news for SoCal and any region with tech ambitions is that the Bay Area has in some ways been too successful. In fact, as is well-reported, the luster of Silicon Valley is fading.

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Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

billion in venture capital to LA’s technology startups and 2014 will shatter that figure. Over the past 4 years LA’s tech fundings have growing at a 30% compounded annual growth rate (CAGR) which is > 4 times the US average VC CAGR (7%). billion (Upfront Ventures was an early Overture backer).