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The DollarShaveClub is a new start up that solves a simple but overlooked problem; disposable razor blades are overpriced. DollarShaveClub is a online service that delivers high quality disposable razor blades for a low price. How long has the DollarShaveClub been operating?
Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles. Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA. Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA.
Speakers include Marc Cuban; Nick Green, CEO and Founder of Thrive Market, which has raised $149 million in financing. Brian Lee, CEO and Founder of The Honest Company, which has raised $222 million in VC funding. Mike Jones, Founder of Science, which has invested in some of LAs top startups, like DollarShaveClub.
The funding came from angels, including Nancy Tellem (Executive Chairman, Eko Studios and former President of CBS Network Television Group), Daniel Murray (CFO DollarShaveClub), Angela Mathes (Entrepreneur & former President, ABC Daytime TV) and Kent Wakeford (COO & Board Member KSV esports). in a seed funding round.
Michael has been behind such companies as HelloSociety (acquired by New York Times), FameBit (acquired by Google) and DollarShaveClub (acquired by Unilever). Without a doubt, the maturing cryptocurrency markets paired with growing blockchain technology will have a bold impact on the technology industry in 2018.
But one tech news story stood out for me — the fact that LA-based DollarShaveClub (DSC) was sold to Unilever for $1 billion. Frankly, it’s awesome to see a VC articulate a vision for the kind of company they would back in a given category. I really enjoyed reading his analysis of why he backed the company.
How do you take the energy of such successes as DollarShaveClub, Ring, Cornerstone Ondemand, and the many other local successes from the startup energy, and tap into the resources of local universities and research institutions?
It's often tough to figure exactly who the venturecapital funds are who are funding startups in the area. However, for members of socaltech.com, it's a click away with our real time analysis of venture funding flows. Local exits: DollarShaveClub, Telogis. Crosscut Ventures 6 deals.
It wasn’t so long ago that venturecapital was a suburban California phenomenon. Los Angeles didn’t have much in terms of a real tech scene — and even San Francisco only had a few VCs or tech companies. Now, VC offices have sprung up in San Francisco, moving more of the investment energy up there.
Crosscut Ventures has just announced their 3rd fund and clocking in at $75 million , which will be focused heavily on Los Angeles – FTW. This week Michael Dubin’s startup DollarShaveClub announced a $75 million funding round at a rumored $650 million valuation. LA has grown up a lot over the past 5 years.
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