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In a very bold move, Venice-based Snapchat has apparently turned down a $3 billion acquisition offer from Facebook , according to a report today from the Wall Street Journal. READ MORE>>. snapchat merger acquisition exit facebook tencent mobile'
Hightechstartups--and the service providers who serve the industry--are continuing to cluster along Santa Monica's Third Street Promenade, as Stubbs, Alderton & Markiles LLP , one of the Los Angeles legal firms focused on the hightech market, announced a grand opening date for a new office on the 3rd Street Promenade.
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>>.
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.
Let me start with the obvious baseline that most people probably know instinctively: Los Angeles is the 3rd largest technology startup ecosystem in the US. They estimate that high-tech work contributes $108.3 Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly.
A new lawsuit, targeting Venice, California-based Snapchat --the hottest company to emerge out of the area''s hightechstartup 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.
The coworking trend--which started in part in Southern California and its hightechstartup 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.
Venice-based Snap Inc. had a huge debut on the New York Stock Exchange (NYSE) on Thursday, as it started trading as SNAP, surging above $25.00 per share in early morning trading--up more than 43%. per share, and was heading up with only a few minutes on the trading day. The company--which priced at $17.00 billion each.
Neville Spiteri is co-founder of Venice-based WEMO Media (www.wemomedia.com), a new, digital studio whose flagship product is TheBlu (www.theblu.com) an online, interactive experience focused on the world's oceans. How did you decide to start all of this? We spoke with Neville about the company: What is theBlu?
However, that wasn’t the start … Rewind to the 90s. Jason Calacanis coined the SoCal scene the “Digital Coast,” and Brad Nye brought everyone together at his notorious VIC events (Venice Interactive Community). Money was flowing with the first Internet boom.
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 invested in Venice, CA-based Snapchat. Venice, CA. Showing little concern for stock-market volatility or worries over the Brexit, venture capital firms pumped $15.3
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