Why are there so many funded startups on the Westside?
“The Internet’s ability to flatten national borders, shorten distances and hyperlink individuals would seem to make the physical location of a business completely irrelevant. Yet tech, the industry that appears least tethered to the ground, tends to cluster around specific locations.
Within the LA tech community this is no exception. By mapping Built In LA’s 2013 digital funding startup data across LA zip codes, it’s clear that a huge majority of funded businesses in LA reside on the Westside.
Intuitively, this is not surprising because Santa Monica and Venice-based companies are frequently in the headlines. However, the degree to which companies based in these areas receive funding shows a tech ecosystem thriving mostly on the Westside. In total, companies headquartered within Westside zip codes received $741 million of funding out of approximately $1.1 billion invested in greater LA in 2013…”
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