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For the last week of the year, we're featuring the thoughts and reflections of some of the movers and shakers of Southern California's hightech community. Paul Bricault is Managing Partner at Amplify LA (Www.amplify.la), a hands-on startup accelerator and co-working and community space in Venice. READ MORE>>.
The coworking trend--which started in part in Southern California and its hightech startup ecosystem--looks to be spreading East, with news this week that NextSpace has raised $500,000 and acquired a Chicago company, to establish its first coworking site outside of California.
One of the hottest sectors in Southern California's hightech world in the last couple of years has been video--namely, Internet video and content creation. Other investors in the funding include Greycroft Partners , Bertelsmann Digital Media Investments , Advancit Capital, Allen DeBevoise, Ynon Kreiz , among others.
A new lawsuit, targeting Venice, California-based Snapchat --the hottest company to emerge out of the area''s hightech startup cluster in recent years--says that the company''s founders stole the idea for the company from him after forcing him out of the company early on in its history. READ MORE>>.
For the last week of the year, we're featuring the thoughts and reflections of some of the movers and shakers of Southern California's hightech community. The biggest impact on the LA tech scene in 2012 is the arrival of the accelerators and coworking spaces, which have helped drive LA's tech scene like never before.
The biggest deal for the quarter was for Venice-based photo messaging app developer Snapchat , which raised a huge, $60M funding round in the quarter. Southern California dropped to fourth in terms of investments in the region versus other hightech centers, behind Silicon Valley ($2.6 Orange County was second, with $161.9M
They estimate that high-tech work contributes $108.3 What is perhaps different from other regions is that we have large indigenous aerospace industry and a big high-tech import/export trade as opposed to a lot of software companies. They estimate that high-tech work contributes $108.3 It is different.
It was the 10 th consecutive quarter that venture firms put at least $10 billion into startups and other high-tech companies, including a $3.5 billion that a non-traditional investor (the Saudi Arabia Public Investment Fund) invested in San Francisco-based Uber, and the nearly $1.3 billion invested in Venice, CA-based Snapchat.
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