8 LA Co-working Spaces You Need to Check Out

Knowing where the best co-working spaces are is key to anyone looking for information, resources and colleagues to grow their business.

From BuiltinLA:

“The core of any entrepreneurial tech ecosystem is filled with co-working spaces. This is where tech events are hosted, where entrepreneurs meet and where young companies spend their early days grinding away. These spaces represent the communal life of startup culture. Knowing where the best coworking spaces are is key to anyone looking for information, resources and colleagues to grow their business. Here are some of Los Angeles’ must know co-working spaces…”

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#SBF Reveals What’s Next On The L.A. Tech Horizon

Silicon Beach Fest was a rousing four-day phenomenon.

From Neon Tommy:

“With 300-plus speakers and more than 2,000 industry professionals in attendance, Silicon Beach Fest welcomed the brightest minds in the L.A. tech scene to discuss new ideas, introduce disruptive technologies and share a glimpse into our collective, connected future. The third-annual, four-day event took place throughout various locations in Santa Monica, attracting not only developers and techies, but Hollywood executives, startup CEOs, city officials and everyone in between.

At a panel on digital video content, YouTube celebrities shared their experiences and successes in the ecosystem of the online video world where megolith multi-channel networks (MCNs) and independents battle for eyeballs, analytics, audiences and ad dollars…”

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SBF Speakers [web]
Silicon Beach Fest: Catching Up With Kevin Winston [web]

The Sprawling, Booming LA Tech Scene Is Having a Moment

LA is and always has been a city that creates mass-market products. We’re closer to culture than Silicon Valley, so we’re crushing it in social mobile. Web 2.0 might have been there. Web 3.0 is here. -Mike Jones, Science

“From Santa Monica’s manicured pool houses to the new downtown e-commerce warehouses, from a bland glass office park in Irvine to a grand old frat house in West Adams, Los Angeles tech is having a moment.

So why are there still so many surfboards?

There they were, six of them propped behind the coding crew at Internet personalization company Gravity in Santa Monica. At the front desk of Cooley, the favorite law firm of LA startups like Snapchat, a surfboard adorned the corporate logo. One leaned against the pool house at secret-sharing site Whisper. At Oculus VR, a virtual-reality headset company in Irvine, there was a small sandbox in the conference room, complete with chaise and parasols.

“You saw our beach?” said Oculus CEO Brendan Iribe, winking before settling into the conference room to talk about how he sold his company to Facebook for $2 billion a few weeks before. “It’s fun, right?”

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The Battle over “Silicon Beach” [web]

Seeking $115 Million, Santa Monica-based Biotech, Kite Pharma, Files for IPO

Kite Pharma is a clinical-stage biopharmaceutical company focused on the development and commercialization of novel cancer immunotherapy products

From Kite Pharma:

“Kite Pharma, Inc., a clinical-stage biopharmaceutical company focused on developing engineered autologous T cell therapy (eACT™) products for the treatment of cancer, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of shares of its common stock. All shares of common stock to be sold in the offering will be offered by Kite. The number of shares to be offered and the price range for the offering have not yet been determined.

Jefferies LLC, Credit Suisse Securities (USA) LLC and Cowen and Company, LLC are acting as joint book-running managers for the offering. Stifel is acting as co-manager…”

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Kite Pharma, Inc. [web]

10 Most Well-Funded Startup Neighborhoods in LA

Why are there so many funded startups on the Westside?

From builtinla:

“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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Santa Monica-Based Biotech, Kite Pharma, Raises $50M in New Financing

Proceeds to Support Advancement of Clinical Programs in Cancer Immunotherapy

From Kite Pharma:

Kite Pharma, Inc. (Kite), a clinical-stage biopharmaceutical company focused on developing engineered autologous T cell therapy (eACT™) products for the treatment of cancer, today announced the completion of a $50 million mezzanine private financing of convertible notes. Participants in the transaction included a syndicate of healthcare-dedicated investors, many of which are based in the United States and are first-time investors in Kite. Additional terms of the financing were not disclosed.

Kite expects to use proceeds of the financing to advance its programs developing novel cancer immunotherapy products. Kite’s lead investigational therapy is an autologous eACT™ product that targets CD19 expression on B cell malignancies, including diffuse large B cell lymphoma (DLBCL). Additional programs will target a number of both hematological malignancies and solid tumors…

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FierceBiotech – Immuno-oncology specialist Kite adds $50M in new financing [web]
Kite Pharma [web]

Silicon Valley Goes to the Beach

Powered by video and fed by stars, a startup boom in west Los Angeles is giving California a second high-tech mecca

From Time:

The second-floor office of Tradesy, a 16-month-old online consignment shop, has all the requisite trappings of a digital startup. Inside an open, loftlike space, seven 20-somethings work at a central pod of desks near an L-shaped kitchen stocked with free snacks and drinks. Employees’ dogs scamper beneath their feet while a team of programmers, eyes glued to computer screens, huddles in a separate room.

But there is a giveaway clue that Tradesy isn’t based in Silicon Valley or one of the dozens of other tech hubs that have taken root from Austin to Omaha: a deck off the kitchen is piled with surfboards. From there, the Pacific Ocean and the wide white-sand beach of Santa Monica, Calif., is about 300 yards away–easy walking distance when the waves are breaking…

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