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We wrote up a business plan, and won a USC business plan competition, which allowed us to get funding from the University and raise venture capital we needed to begin development on the plan. People in the blogosphere were writing that this product was what they were looking for, and was another point of affirmation.
Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly. billion in venture capital to LA’s technology startups and 2014 will shatter that figure. Both are massively funding other LA tech companies through what Fred Wilson once defined as “recycled capital.”
Google’s market capitalization is in the stratosphere for a reason – keyword search advertising is highly effective. Cost Per Click (CPC) or Download (CPD) – As the name implies, advertisers pay only for clicks on its advertisements or when a user downloads its software, case study or whitepaper.
As of writing, my twin and I serve as the Co-CEOs and Co-Presidents at LAGbook. We also raised fund for CPC advertising, which doubled sign-ups. LAGbook is funded with money realised from our advertising services, our website development company, our venture capital firm ( LAGbook Capital ), and our lovely Dad.
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