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🛍 Consolidation Begins in Live Shopping with Popshop Live Acquisition
LA-based Popshop Live, a mobile live shopping marketplace was acquired this week by CommentSold, a Huntsville, Alabama-based live selling technology provider. Never heard of live shopping? Fear not, you are in good company. Less than a third of US adults have heard of live shopping. Prepare to be ahead of the curve. 🎥 🛍️ 💸
🏢 Crexi: The Commercial Real Estate Emporium
This week’s dot.LA Deep Dive delves into the stodgy but rapidly changing world of commercial real estate. Marina Del Rey-based Crexi is the new kid on the block, looking to transform the way buyers, brokers, and sellers do business. Crexi, a commercial real estate (CRE) upstart, emerged on the...
🍔MrBeast Legal Spat Over Sizzle and Slander
YouTube star Jimmy Donaldson, a.k.a. MrBeast, is embroiled in a legal battle with the company behind his virtual burger restaurant, MrBeast Burger. 🍔⚖️📜. After MrBeast's lawsuit against Virtual Dining Concepts (VDC), which managed the burger's fulfillment and delivery, VDC has countersued for $100 million in damages. VDC claims MrBeast failed to fulfill contractual obligations, such as promoting the burger brand, making false and damaging statements, and causing financial harm.
⛈ Sensible: The White Knight of Weather
Picture this: you’ve saved up for months for your dream beach vacation. You’ve cut out restaurant dinners, morning coffees, and those concert tickets you really wanted. You bought your flights and made your hotel reservation. You finally step off the plane in your tropical paradise, only to see that the weather forecast has changed while you were in flight. It’s now supposed to rain for the next 3 days straight…
🎬 Streaming Studios' AI Hiring Spree
In the midst of Hollywood strikes, major streamers are quietly seeking AI Specialists, according to The Hollywood Reporter. The Reporter calls out numerous AI postings within Amazon, Apple, Disney, and Netflix. 🎥🖥️🙋♀️. Image source: Shutterstock. The actors fear studios will replace them with AI-generated likenesses,...
McKinsey Accelerates LA Funding Diversity🚀
In the US of A, the vibrant start-up world paints a dazzling picture of innovation and potential. However, beneath the surface of glitz and glamour lies a troubling reality—a pervasive societal inequity that takes center stage. The numbers don't lie: in 2022, Black and Latino founders were left with a mere 1% and 1.5% slice of the VC funding pie. Meanwhile, women-founded teams, secured only a slightly larger share at 1.9%. At the time of exit, White male founders average an astonishing $210 million each, leaving our underrepresented counterparts to juggle with a mere 43% of that staggering sum, $91.1 million. It's a sobering tale of missed opportunities and systemic biases, one that deserves our serious attention…McKinsey is here to address this with the InLA Accelerator🚗🤸🏾♀️👻
LA Venture's Rollercoaster 2023
The Amplify.LA Seed Reportfor the first half of 2023 reveals a decrease in LA seed funding relative to H1 2022, reflecting the global decline in venture capital. 🌍💸⬇️. Image Source: Stable Diffusion. Prompt: Rollercoaster in front of open sky. Dollars falling down. Global funding took a nosedive,...
How Women’s Purchasing Power Is Creating a New Wave of Economic Opportunities In Sports
According to a Forbes report last April, both the viewership and dollars behind women’s sports at a collegiate and professional level are growing. In 2022, the first 32 games of the NCAA tournament had record attendance levels, breaking records set back in 2004, and largely driven by the new and rapidly growing women’s NCAA tournament. WNBA openers this year saw a 21% spike in attendance, with some teams including the LA Sparks reporting triple-digit ticket sales growth, about 121% over 2022’s total. In 2023, the average size of an LA Sparks crowd swelled to 10,396 people, up from 4,701 people.
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As the curtains close on yet another exhilarating week of innovation and collaboration, we look back at the remarkable success of LA Tech Week. The event brought together brilliant minds, visionary entrepreneurs, and pioneering tech enthusiasts from all corners of the globe, transforming the California coast into a hub of creativity and forward-thinking.
LA Tech Week: Could AI Make the Art History Degree Relevant Again?
This is the web version of dot.LA’s daily newsletter. Sign up to get the latest news on Southern California’s tech, startup and venture capital scene. Digital marketing agencies have already had to upend their practices to keep up with TikTok’s swift trend cycle. Now, they’re facing another challenge: AI.
LA Tech Week Day 5: Social Highlights
L.A. Tech Week has brought venture capitalists, founders and entrepreneurs from around the world to the California coast. With so many tech nerds in one place, it's easy to laugh, joke and reminisce about the future of tech in SoCal. Here's what people are saying about the fifth day of...
LA Tech Week: How These Six Greentech Startups Are Tackling Major Climate Issues
At Lowercarbon Capital’s LA Tech Week event Thursday, the synergy between the region’s aerospace industry and greentech startups was clear. The event sponsored by Lowercarbon, Climate Draft (and the defunct Silicon Valley Bank’s Climate Technology & Sustainability team) brought together a handful of local startups in Hawthorne not far from LAX, and many of the companies shared DNA with arguably the region’s most famous tech resident: SpaceX.
This Week in ‘Raises’: Curri Scoops Up $42M, Mosaic Scores $26M
Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.
LA Tech ‘Moves’: LeaseLock, Visgenx, PlayVS and Pressed Juicery Gains New CEOs
Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.
Grammy Award Winning Singer Miguel Doesn’t Believe AI Can Replace Artists
This is the web version of dot.LA’s daily newsletter. Sign up to get the latest news on Southern California’s tech, startup and venture capital scene. 1212 Santa Monica was jam packed with roughly 700 founders and VCs on Wednesday night. As music pumped through the speakers, attendees of SUPERCHARGE LA: Access to Capital & Cocktails mingled throughout the two-story restaurant tasting sliders and tacos from chef Luca Maita.
'Esports Winter’ is a Myth, Local Gaming Execs Say
Last year, global venture capital investment in esports dropped by . Investors have been rapidly selling off teams and franchises, and the industry has witnessed a consistent decline in ad spend. This has prompted many critics to coin the term “esports winter,” referring to a fall-off in the industry, an indication that VCs believe their investments didn’t achieve success as expected.
The Impact of Authentic Storytelling. LA Latino/a Founders and Funders Tell All
Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.
LA Tech Week: The Importance of Female Founders in Tech
Women remain a minority among startup founders. According to Pitchbook, even though women-led startups in the United States received a record $20.8 billion in funding during the first half of 2022, U.S. companies with one or more female founders received less than 20% of total venture funding in 2022. U.S. companies solely led by female founders received less than 2% of the total funding.
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