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I have never been more optimistic about the impact that the tech startup community is having on cities in America or about the role that cities outside of San Francisco / Silicon Valley can play in our future. Changes in the Software World & in VentureCapital. Changes in the Startup Ecosystem. And on and on.
Let’s start with the fund. If you’ve been following the press about VC funds you’ll know this is no small feat. Santa Monica is the place where the highest concentration of early-stage startups are created if you consider also the contiguous geography of Venice Beach. What’s up with that?
Of course this can be done and of course I am a big proponent of the rise of startup centers across the country as the Internet has moved from the “infrastructure phase” to the “application phase” dominated by the three C’s: content, communications and commerce. Local capital matters.
I think that’s one of the reasons that many of the most interesting bay area startups are choosing to locate themselves in the city. And make-up artists. These days it’s Santa Monica and Venice. But there does seem to be huge startup energy around the Flatiron District / Union Square. And with startups so go VCs.
Venice Beach-based Bitium , a new startup out of LA''s Amplify accelerator, announced this morning that it has raised $2.4M Bitium said it is developing a Software-as-a-Service (SaaS) operating system, offering up everything from authentication and authorization of cloud-based software to features like consolidated messaging for apps.
Venice, California-based Riot Ventures , led by Stephan Marcus and William Coffield, has launched an effort to raise $75M for its second venturecapital fund, the firm disclosed this week in a regulatory filing.
Bombd , a startup which develops a social networking and messaging app revolving around sharing instant photos with others, has set up shop in Venice Beach. The startup--originally started in Australia--said its team and founders have moved to Venice Beach to scale the app in the U.S.,
Venice-based Snapchat is in the midst of raising a new round of funding, led by storied venturecapital investor Kleiner Perkins Caufield & Byers, which valued the company at close to $10 billion, according to a report. snapchat venturecapital rumor valuation kpcb investment messaging social networking'
Paul Bricault is Managing Partner at Amplify LA (Www.amplify.la), a hands-on startup accelerator and co-working and community space in Venice. He's also a Venture Partner at venturecapital firm Greycroft Partners, and is EVP and a member of the Board of Directors at William Morris Agency, and was Founder of the Mailroom Fund.
Venice, California-based Bitcoin startup Gem has raised $2M, to make Bitcoin easier to use for developers, the company said this week. bitcoin bitvault venturecapital currency cryptocurrency seed' Crypto Currency Partners, QED Associates, and Angel investor James Joaquin. The company was previously known as BitVault.
This is the task I set out to answer with the master of analysis at Upfront Ventures Glenn Poppe who deserves the bulk of the credit for our work. 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. LA By The Numbers.
The coworking trend--which started in part in Southern California and its high tech 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. READ MORE>>.
Venice, California-based Fifth Wall Ventures , a brand new venturecapital firm focused on investing in real estate technology, announced this week that it has raised a new, $212M venturecapital fund.
Venice, California-based online flower delivery service TheBouqs said this morning that it has raised $6M in a Series A financing, to go towards expansion of its team, delivery outside the US, and scaling of its technology and infrastructure. The company lets users order flowers via iOS and Android apps, plus via the its website.
Venice, California-based Robin Games , a startup that is developing mobile games aimed at women, has raised $7M in a seed funding round, the company said on Thursday. The startup, led by Jill Wilson, says it is developing "lifestyle gaming" titles, which run on such platforms as Apple's iOS and Google Android. READ MORE>>.
My biggest takeaway this year was truly understanding the strength and cohesion of the Los Angeles startup community. There was no monetary reward for those who participated (and Startup Boost does not take fees or equity from the companies that we help). What was the biggest lesson you learned this year?
billion in venturecapital in Q2 of 2016, according to the latest numbers from the MoneyTree Report from PricewaterhouseCoopers, the National VentureCapital Association, and Thomson Reuters. billion round for Venice based Snapchat. Nationally, venture capitalists invested $15.3 READ MORE>>.
Today’s startup innovators come from about six hours south of Silicon Valley. VentureCapital: Upfront Ventures. Previously known as GRP Partners, Upfront Ventures has focused on early stage investments since 1996. Fun Fact: Their startup beach house costs a tiny fee of $20,000 per month! Silicon Valley?
I’m often asked about the differences between being at a VC and being an entrepreneur and whether I prefer one or the other. The biggest difference I cite is that VentureCapital often feels like an “individual sport” while startups are a “team sport.” Branding & Shared Values.
Venice, California-based Viddy , a new startup developing mobile video tools, said today that it has raised $1.6M the funding round came from Battery Ventures, Bessemer Ventures, Qualcomm, and angel investors including Jarl Mohn and early team members from YouTube.
venice-based Stackin' , a startup which helps consumers start saving and making investments, has raised $4.0M Stackin' says it already has over 500,000 users who use the service to save money and to start investing, all via text messaging. in a funding round, according to a regulatory filing from the company this week.
Club W , the personalized wine subscription service at AmplifyLA, has doubled down with accelerators, and is part of a new class of startups announced by 500Startups earlier this week. 500Startups invests between $25,000 and $250,000 in startups selected by the group, which usually work with the accelerator to help hone their business.
Venice, California-based startup accelerator Amplify.LA AmplifyLA pointed out that the seed deals were in contrast to the bigger picture, where venturecapital investments were up 15 percent nationally--but pointed out that those gains were driven by "mega-deals", rather than seed funding. percent, Year-over-Year.
Venice, California-based startup accelerator Amplify.LA Capital IV , according to a recent regulatory filing from the accelerator. in three earlier funds, all for investing in the various startups which it puts through its programs in Venice. is in the midst of raising a new fund, Amplify.LA READ MORE>>.
Venice, California-based venturecapital investor Fifth Wall says it has made a $135M investment in San Francisco-based real estate sales startup Opendoor , as part of a combined equity and debt funding.
Venice, California-based venturecapital investment fund Fifth Wall Ventures , has just received a sizeable commit into its second fund, Fifth Wall Ventures II , according to a regulatory filing by the company. According to the filing, the company now has $468.0M READ MORE>>.
The news that Ynon Kreiz is joining to run the company as Executive Chairman was first reported by Peter Kafka at AllThingsD (and later picked up by Variety , AdWeek and several other traditional media outlets. Ynon started as shareholder, board member & advisor and switches to full-time executive. billion deal to Disney.
The company started the year with no revenue and at it’s peak had a run rate well in excessive of $100 million / year. They are no longer remarkable in Santa Monica or Venice or in many cities in America, Europe or South America. They were new, they were strange, they were ridden mostly by young people?—?they they were highly visible.
The third thing, is it''s not just Santa Monica and Venice. While we happen to be located here, we have panels throughout today and tomorrow, talking about where in LA should I build my startup -- we have people from Hollywood, Pasadena, USC, talking about those neighborhoods. There are a lot of women entrepreneurs and VC.
Venice, California-based Snap Inc. , the parent firm behind Snapchat , has joined up with R/GA Marketing --which helps run the Dodgers Accelerator in Los Angeles--to launched a new startup accelerator, the R/GA Marketing Tech Venture Studio with IPG. READ MORE>>.
Venice, California-based Robin Games , a startup that is developing mobile lifestyle games aimed at women and others, has raised $7M in a seed funding round, the company said on Thursday. The startup, led by Jill Wilson, says it is developing "lifestyle gaming" titles, which run on such platforms as Apple's iOS and Google Android.
Venice, California-based WeeCare , a new startup which is creating a marketplace to help people start and manage their own home daycare, has raised $4.2M The funding came from Social Capital. The company claims its providers can earn up to $90,000 a year operating their businesses. READ MORE>>.
NextSpace , the co-working space developer which has locations in Culver City and Venice, announced this morning that it has raised $825,000 more in a funding round, to go towards expansion in Northern California.
Venice, California-based Amplify.LA, the startup incubator and investor led by Paul Bricault and Oded Noy, has launched an effort to raise $50M in a new venturecapital investment fund, Amplify.LA The fundraising effort apparently just started, and was disclosed in a regulatory filing by the firm on Wednesday.
Venice, California-based StyleSaint , the new fashion-meets-Pinterest startup headed by Crosscut Ventures' Brian Garrett, has been fairly mum about its recent funding.
Venice, California-based The Bouqs Company , the direct, cut-to-order flower delivery provider led by John Tabis, is announcing today that it has raised $12M in a Series B funding. The Bouqs said the funding came from Quest Venture Partners, Azure Capital Partners and KEC Ventures, along with Enspire Capital and Draper Associates.
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).
But it was the low-key, creative beach vibe of Venice and Santa Monica that spurred a spate of start-ups to seek offices and homes. The predominantly resale neighborhoods of Venice and Santa Monica also feel the tech boom. Here, prices can climb higher. million, it is the highest sale price of the year.
Hollod is now joined up with Burkle and recording artist D.A. Wallach on investments out of a new fund, Inevitable Ventures. Wallach on investments out of a new fund, Inevitable Ventures. How did you end up here in Los Angeles doing investments? The first three years were fantastic, but my fourth year was very tough.
For the first three months of this year, I have had the pleasure of breathing the same air as the crew from Amplify , the Venice based accelerator. As a fourteen-year veteran of the venture industry I have often heard the phrase, “value added investors”, which is usually touted by certain VC’s as their biggest differentiating quality.
Venice, California-based Thankful, a new artificial intelligence software startup focused on customer service, announced this morning that it has raised $12M in its Series A funding round. The funding was led by Alpha Edison, and also included Bonfire Ventures, Ten-One-Ten, Greycroft, Omega, and Miramar Ventures.
Venice, California-based Repeat, a startup which is developing technology to help encourage reordering of consumer packaged goods online, has raised $6M in a funding round, according to the company. Battery Ventures' Neeraj Agrawal will join the company's board of directors as part of the funding.
Venice, California-based Snapchat has raised $1.8 billion in its Series F funding round, according to a regulatory filing by the firm this morning, in what might be the largest funding round ever for a Southern California startup. Details on the round have not been announced.
A report published this week--which heavily relies on third party assumptions, back calculations, and analysis of regulatory filings--says that Venice, California-based Snapchat is out looking for $200M in funding again, this time valuing the company around $20 billion.
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