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How to Kick Start Your Community’s Startup Scene

Both Sides of the Table

Changes in the Software World & in Venture Capital. But notably you had the following changes: Horizontally scalable computing & storage systems, which meant you required less capital up front for hardware. Web Services, led by Amazon’s AWS, which reduced the costs a further 90%. Welcome to the future.

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‘Megadeals’ Dominate Q2 as VCs Invest $15.3B, and Top 10 Deals

Xconomy

Showing little concern for stock-market volatility or worries over the Brexit, venture capital firms pumped $15.3 billion into 961 deals across the United States during the three months that ended June 30, according to the MoneyTree Report on venture capital activity. billion invested in Venice, CA-based Snapchat.

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Zingle Raises $3M to Expand and Improve Messaging App Technology

Xconomy

Zingle, a Carlsbad, CA-based tech startup targeting the service industry and consumer-facing businesses with its messaging app technology, has raised $3 million in venture capital, according to a regulatory filing earlier this month. The company raised $1 million last year, according to a 2015 regulatory filing.

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Interview with Fouad ElNaggar, Redpoint Ventures

socalTECH

Redpoint Ventures is one of the venture capital firms which has straddled both Northern California and Southern California, with offices in both locations. We're working with a company in Venice Beach which is trying to solve that problem. There are big companies being build around the mobile phone.

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Snap Raises $3.4B in IPO, Soaring Trades Set Value Past $20B

Xconomy

The $17 initial offering price valued the company at about $24 billion , a number that has since risen with the Venice, CA, company’s share price shooting above. Snap (NYSE: SNAP ) priced its IPO shares at $17, higher than the $14 to $16 range it estimated in an SEC filing last month. Read more » Reprints | Share:

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Tech Titans Peter Thiel, Matt Jacobson, Cameron and Tyler Winklevoss, Mich Mathews, Elon Musk Buy Homes in Los Angeles

SoCal Delicious

Last summer, Cameron and Tyler Winklevoss—twins best known for suing Mark Zuckerberg over the origins of Facebook, and who recently formed a venture-capital firm—bought an 8,000-square-foot bachelor pad in the Hollywood Hills for $18 million. VENICE RISING. Venice: 13% | L.A. Derek Wooden. County: 0.9%.