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Tech Titans Peter Thiel, Matt Jacobson, Cameron and Tyler Winklevoss, Mich Mathews, Elon Musk Buy Homes in Los Angeles

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Talent agencies CAA and WME are incubating start-ups. says Mark Suster, a venture capitalist who started leasing in Pacific Palisades two years ago. Tech companies are becoming distributors of studio content; YouTube, iTunes and Netflix have all licensed content from major entertainment players. WSJ Web Slice. FourSquare.