Since the incubator began, Idealab has created and operated more than 125 companies with 40 IPOs and acquisitions.
“Idealab was founded in 1996 by Bill Gross to help new startups get off the ground in the Los Angeles region.
The original idea for an “idea lab” was only supposed to last one year.
“I wasn’t thinking long term. I didn’t think I’d be doing this 17 years later,” said Bill Gross, founder of Idealab, Los Angeles’ first startup incubator, which was formed in 1996.
“It was much more personal then. I had come up with ideas all my life and learned that the more focused a company can be, the more successful it can be…”