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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'
Hightech startups--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. See more insights from the Southern California hightech community in our continued series this whole week! What was the biggest news for you/your firm this year?
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.
Google has offices in Santa Monica, and recently leased 100,000 square feet in Venice. A examination of Google's posted jobs in Santa Monica and Irvine on Friday show that there are only about 32 positions listed for those locations. READ MORE>>.
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.
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.
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 invested across 45 companies. READ MORE>>.
Venice-based Snap Inc. Snap, the parent company of Snapchat , is now the largest ever IPO to debut out of Southern California's hightech ecosystem. 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%.
Venice, California-based Snapchat has begun discussing an IPO with bankers, but has yet to select an investment bank to lead the effort, according to a report on Wednesday. Snapchat reportedly is looking at an IPO towards the end of this year or in early 2017.
Looking to buy one of Snapchat's new hightech Spectacles ? The Snapbot--there's only one, so far--was most recently in Venice, not far from Snapchat's headquarters--but now appears to be en route to another location. The new product, from Snapchat parent Snap Inc.,
Looking to buy one of Snapchat's new hightech Spectacles ? The Snapbot--there's only one, so far--was most recently in Venice, not far from Snapchat's headquarters--but now appears to be en route to another location. The new product, from Snapchat parent Snap Inc.,
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
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. We spoke with Neville about the company: What is theBlu?
Jason Calacanis coined the SoCal scene the “Digital Coast,” and Brad Nye brought everyone together at his notorious VIC events (Venice Interactive Community). Entrepreneurs like Matt Coffin , Kamran Pourzanjani and Brock Pierce were making their mark. Two worlds, two times, but one community.
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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