Los Angeles

  • Snapchat will make Los Angeles a stronger tech hub Crunch Network

    Snapchat will make Los Angeles a stronger tech hub

    If you were to write a history of Silicon Valley, you could do it by looking at a series of major diaspora. Companies like Google, Yahoo, Oracle and PayPal attract top talent for years; when they reach maturity or a major liquidity event, their talent disperses and germinates into the next generation of companies. It’s quite possible that Snapchat could do the same for L.A. Read More

  • BlackLine surges 40% in software IPO

    BlackLine surges 40% in software IPO

    BlackLine, a Los Angeles-based accounting software company, debuted in the U.S. markets Friday. After pricing at $17 per share, the stock closed at $23.70. In what has been a slow year for tech IPOs, BlackLine decided to go public right now because it’s “part of a longer term plan to raise awareness for what we do,” said CEO Therese Tucker. She said the IPO, which raised… Read More

  • Los Angeles is a transportation tech powerhouse Crunch Network

    Los Angeles is a transportation tech powerhouse

    Los Angeles is famous for two things: entertainment and traffic. Back in the 1950s, any association with “stars” and “cars” would be the envy of any modern city. But today, that’s sometimes overshadowed by images of aggressive paparazzi and gridlocked freeways. But when it comes to transportation, there might be more to LA than just bloated commute times. Read More

  • Soylent founder’s abandoned “eco-living experiment” could land him in jail

    Soylent founder’s abandoned “eco-living experiment” could land him in jail

    Soylent’s Rob Rhinehart is facing criminal charges and fines up to $4,000 for allegedly refusing to remove a shipping container he placed on top of a hill behind his home in the Montecito Heights neighborhood of Los Angeles. The head of the meal replacement startup weirdly named after a movie where they ground up and served people in drink form was charged with unpermitted… Read More

  • Pop culture stimulates the evolution of the LA tech scene Crunch Network

    Pop culture stimulates the evolution of the LA tech scene

    It wasn’t so long ago that venture capital 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. That great migration of companies and activity touches upon what is now… Read More

  • Thrive Market raises $111 million for its online organic grocery store

    Thrive Market raises $111 million for its online organic grocery store

    Buy organic groceries online, at an affordable price. That’s the mantra of Los Angeles-based Thrive Market, which has raised a significant $111 million Series B funding round, led by Invus. Thrive, which competes with similar online grocery services like Vitacost, believes there is a significant market opportunity to make natural foods more accessible to consumers and they’ve… Read More

  • Hyperloop One plans to project Russians across Moscow

    Hyperloop One plans to project Russians across Moscow

    Hyperloop One, a Los Angeles-based startup working on making Elon Musk’s crazy-fast vacuum tube transportation blueprint a reality, has agreed to partner with the Summa Group and the Russian Government to build a Hyperloop in Moscow. The Summa Group is a Russsian investment group with a large stake in infrastructure investments in the country including port logistics, engineering… Read More