Los Angeles is the creative capital of the world and home to more than 2200 startups.
“Mayor Garcetti told Fast Company that “Los Angeles is the creative capital of the world and home to more than 2200 startups. Our diverse population, talent pool, great universities, Pacific Rim location, and innovative make L.A. the ideal city to foster new ideas and businesses.” But in order to get those startups, the City of Angels has to tackle some challenges. For one, it has lots of talent, lots of startups, but not so much venture capital, according to the semi-annual Los Angeles Startup Ecosystem Report, published by incubator Be Great Partners with the assistance of Los Angeles’s city government and provided in advance of publication to Fast Company. It paints a picture of a booming tech sector that, surprisingly, is fueled mainly by business products, mobile services, and biotech rather than entertainment. Compared to other prominent secondary startup hubs like Boston and Chicago, Los Angeles is lagging in attracting venture capitalists. Here’s more…”
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