Tech Startups Establish Beachhead in L.A.

The Los Angeles tech scene has buzz, glitzy backers and even a catchy nickname: Silicon Beach.

Via Physorg.com / LA Times

“Tech boosters are stumping for a Silicon Valley contender down south, and conference halls and bars are brimming with entrepreneurs looking to join a growing community that includes a huge new Google campus in Venice and a wave of Internet startups.

“We’ve been investing in this area since 1999, and we’ve never seen a level of activity higher than it is today,” said venture capitalist Nate Redmond of Rustic Canyon Partners in Santa Monica, Calif. “Anecdotally, almost all things tech are doing well.”

Young Internet-based businesses such as TrueCar and Riot Games have been expanding their workforces and their offices. And a new crop of startup incubators is advising and funding young entrepreneurs…”

READ FULL ARTICLE [web]

PwC / NVCA Report [web; pdf]
Rustic Canyon Partners [web]
GRP Partners [web]
Tech Startups Hit Los Angeles [web; Youtube]

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