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

TechCrunch LA

Recognizing the tens of billions of dollars that the Southern Californian region leaves on the table, because it hasn’t taken its rightful place in the American technology industry, a new group called the Alliance for Southern California Innovation has just released a report to analyze how SoCal can work to assume its pole position.

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Report: Southern California Startups Focus More On M&A, Profit

socalTECH

A new report, issued by Silicon Valley Bank over the last week, has found that Southern California startups are far more focused on being acquired than on IPOs, and also on making profits, compared with most startups. The full report is posted online. and China. READ MORE>>.

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Report: Southern California Still Faces Broadband Digital Divide

socalTECH

According to a new report, issued this week, Southern California still has a big "digital divide", between those who have access to affordable, wired broadband, and those that do not. The report cited such areas as the Lucerne Valley, Baker, El Centro, Lake Havasu, and Ridgecrest as areas particularly lacking in options.

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Dow Jones VentureSource: Southern California Gets $2.96 Billion In VC In Q4

socalTECH

Southern California raised $2.96 According to the report, Los Angeles garnered the lion's share of the local funding, with $1.77 billion in venture capital in Q4 of 2018, according to data from Dow Jones VentureSource , released on Friday. billion in deals, followed by $0.77 billion in San Diego and $0.42

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Amazon Employees At 6 Southern California Warehouses Now Positive For Virus

socalTECH

Employees at six, Amazon Fulfillment Centers across Southern California have now tested positive for COVID-19, with centers in San Bernardino, Rialto, Hawthorne, and Glassell Park, including four all tested in the last 24 hours.

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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. billion was invested across Southern California''s technology industry.

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Who's In Southern California's Unicorn Club?

socalTECH

The list of technology startups in Southern California who are "unicorns"--valued at more than $1 billion--surprisingly, might not be who you think, and in the sectors you might expect. SpaceX, based in Hawthorne, California, is now worth between $12 billion and $15 billion, according to multiple reports. READ MORE>>.