Los Angeles now third top destination for startups with $3 billion funding received in 2016, six times compared to 2012 total

Briefing

Los Angeles now third top destination for startups with $3 billion funding received in 2016, six times compared to 2012 total

November 14, 2016

Briefing	Thriving startup scene – Became third top destination for startups next to San Francisco and New York over the last several years Funding growth – Startups in the area received six times more funding in 2016 at $3 billion compared to 2012 figure Several location advantages – Represented by good universities, warm weather, more balanced culture, close distance to San Francisco, and lower costs for rent and talent Popular startups – Include Snapchat, which may file for IPO next year and currently worth $18 billion, Dollar Shave Club, recently bought by Unilever for $1 billion, Ring, maker of smart doorbells, and Riot Games
Sector	Financial Services
Organization	Dollar Shave Club, Ring, Riot Games Inc., Snapchat Inc.
Source	"Los Angeles booms as a startup hub," The Economist, http://www.economist.com/; AcceleratingBiz analysis
Original Publication Date	November 5, 2016

Related Briefings

No items found

Go to page

Related Proof Points

No items found

Go to page

Leave a comment

You must be logged in to post a comment.

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.

Necessary

Always Enabled

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.