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how on Earth could the venturecapital market stand still? One of the most common questions I’m asked by people intrigued by but also scared by venturecapital and technology markets is some variant of, “Aren’t technology markets way overvalued? The most connected and high-potential founders start with wads of cash.
Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles. 10 years ago we found ourselves trying to persuade LPs and VCs that it was worth spending more time getting to know the LA market and now the most common refrain that I hear from them is “there really is something going on in LA.”
Battlefy , a startup developing an online platform for managing e-sports tournaments, leagues, and content--which is a graduate of the Amplify LA accelerator--said this week that it has raised $1.3M The company--now based in Vancouver, BC--helps organizers of professional video game tournaments and leagues.
Watertower has been involved in a number of high visibility exits and fundings in recent months, including RiotGames (rumored to be $400M+), Machinima, and ExtendMedia. I think you know RiotGames, where we put together their first institutional money. Those are two big gaming companies.
He was running to be the 42nd mayor of Los Angeles and he outlined his vision to “open up the city government to technology and innovation” if he were elected. Snap, RiotGames, Tinder, SpaceX and on and on — these are great things for LA as is every new VC fund launching in LA to create the next big innovation.
I’ve been involved with several startups where a giant incumbent attacks you and tries to sue you out of existence. ADT invested in a startup called Zonoff, which was to be acquired by Honeywell for a modest sum. Ring will be one of LA’s greatest startup success stories of this decade. But what I really love about Jamie?
Be Great Partners , a Los Angeles technology incubator, has recently released a report on the startup community in LA and the information shows a positive growth for startups here in LA. Los Angeles is 3 rd in the global startup ecosystem, behind Tel Aviv and Silicon Valley. Los Angeles has a diverse area of startups.
My job as a VC isn’t to beat myself up or any other partner up for the one deal we didn’t do. If you swing at every pitch you’ll end up with a lot more losers. That’s a benefit for us as a local VC. We knew about it before people up North because it’s our job to know about everything local at the time of creation.
Los Angeles- and Seattle-based Theorycraft Games, founded by veterans of RiotGames, has raised $37.5M The funding was led by NetEase, and also included NEA, Bitkraft Ventures, Griffin Gaming Partners, Sisu GameVentures, as well as angels. The new startup is led by CEO and founder Joe Tung.
Editor's note: All this week, and into the start of next year, we'll be featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. Here, we have the thoughts of Clinton Foy , General Partner and Managing Director of Crosscut Ventures (www.crosscut.vc).
The Foundation said it already has been organizing roundtables and dinners with executives from tech companies like Snap, RiotGames, Mitu, Omaze, Headspace, as well as local venturecapital firms, to help engage them with the nonprofit company and help educate them on issues facing Los Angeles. billion in assets.
To get some insight into the growing world and business of e-sports, we caught up with Clinton Foy , a local venturecapital investor at Crosscut Ventures in Los Angeles. Blizzard has been one of the founders of e-sports, an created many of the early e-sports games, and RiotGames is well known for League of Legends.
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.
Many people are too cautious in sales processes and as a result when they present their solutions they end up sounding milquetoast and undifferentiated from anybody else in the market. We knew that all buyers would be concerned about security, privacy, back-ups, data protection and so forth. Why Buy Anything ? Why Buy Me? Why Buy Now?
We are fortunate to have great new institutional LPs and investors, including foundations and endowments who are well known in the venturecapital industry and have backed some great, high quality funds. We feel this is a great validation for the LA and SoCal venture market place, and for the startups and founders in LA.
He’s currently working on a new programming language called Arc, a new book on startups, and is one of the partners in Y Combinator. Managing Director of FirstMark Capital, a $2 billion VC fund focusing on investments in the emerging media & advertising and data & analytics sectors. ycombinator.com. . Lisa Stone.
Los Angeles-based PlayVS (pronounced “play versus”) wants to become the dominant platform for amateur esports, starting at the high school level. I grew up on the west side of Detroit and started working at the cell phone store of a family friend when I was 13. Delane P. : And then two additional franchises.
You folks are just that awesome that we try and hook our readers up whenever we can so you are Welcome! Founder and CEO of Mandalay Entertainment, the visionary multimedia venture spanning movies, TV, sports, and new media, Peter Guber is among the most successful executives in the entertainment and communications industries.
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