Unleash your passion for innovation in Los Angeles! As a VC Startup Scout, enjoy exclusive insights into emerging tech trends and pioneering ventures. Enhance your network, knowledge, and impact on the LA startup scene.
Los Angeles, often known as Silicon Beach, is a vibrant and rapidly growing startup and venture capital ecosystem. It's the third-largest tech hub in the United States, trailing only San Francisco and New York. According to a report by Built In LA, the city's tech firms raised a combined total of over $7 billion in 2018.
Some of the city's most successful startups include Snap Inc., the parent company of Snapchat, which was founded in Venice, Los Angeles, in 2011. Snap Inc. went public in 2017, with an initial valuation of $28 billion. Another notable company is Dollar Shave Club, a subscription razor service, which was acquired by Unilever for $1 billion in 2016.
The city is also home to a number of venture capital (VC) firms that invest in local and global startups. Notable ones include Upfront Ventures, which has provided funding for companies such as Ring, a smart doorbell company that was acquired by Amazon for over $1 billion.
On top of that, Los Angeles is increasingly being recognized as a center for diversity in the tech industry. Built In LA reports that 31% of the city's entrepreneurs are females and 26% are people of color.
In efforts to promote and grow its tech scene, the city hosts an annual LA Tech Week, which brings together entrepreneurs, investors, and tech enthusiasts from around the world for a variety of events and presentations.
Peculiar to the city's tech scene is the influence of the entertainment industry. Many startups, such as virtual reality firm Spaces Inc., have forged partnerships with major studios. This aligns with the tendency of Los Angeles-based startups to focus on the intersection of technology and media.
Showing your skills in picking successful startups and advising founders is the surest way to build your reputation and secure a venture capital role.
Explore โYour community, region, or group thrives when its founders are given the chance to succeed before going back and reinvesting in their comunities.
Explore โEarn a share in startups you scout without the funds to invest directly just like a VC partner.
Explore โAs a podcaster, community manager, or event organiser you have a front-row seat to interesting startups which you can monetise by helping them fundraise.
Explore โBy identifying under-represented founders you're level the playing field for anyone to success based on merit independent from their social or ethnic background.
Explore โHelp your friends who are neck-deep in their startups get the funding they need to succeed.
Explore โInvest in the opportunity-rich Los Angeles area and receive dealflow from individuals, startups, and innovations. Connect with these early-stage projects and guide growth to create a lasting investment.
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