CNN’s Van Jones: Genius is Everywhere

Spencer Rascoff

Spencer Rascoff serves as executive chairman of dot.LA. He is an entrepreneur and company leader who co-founded Zillow, Hotwire, dot.LA, Pacaso and Supernova, and who served as Zillow's CEO for a decade. During Spencer's time as CEO, Zillow won dozens of "best places to work" awards as it grew to over 4,500 employees, $3 billion in revenue, and $10 billion in market capitalization. Prior to Zillow, Spencer co-founded and was VP Corporate Development of Hotwire, which was sold to Expedia for $685 million in 2003. Through his startup studio and venture capital firm, 75 & Sunny, Spencer is an active angel investor in over 100 companies and is incubating several more.

CNN’s Van Jones: Genius is Everywhere

Van Jones hosts his own show on CNN, and he's the founder of The Dream Corps, an accelerator that supports economic and environmental innovation. Its #YesWeCode initiative aims to help 100,000 young people from underrepresented backgrounds find success in the tech sector. Van is an important voice on social justice and STEM education, and Time Magazine named him one of the 100 Most Influential People in the world. In this episode, Van joins Spencer at Zillow Group's New York office for a live recording in front of employees. The two discuss Van's impressive background working in communities and promoting green jobs, how to increase diversity in tech and why young people have the power to change the world.


Press Play to hear the full conversation or check out the transcript below. You can also subscribe to Office Hours on Apple Podcasts and PodcastOne.

Spencer Rascoff:Thanks, everybody. We're here in the New York office of Zillow Group. I'm here with our guest, Jones. Please, everyone, give Van a welcome.

Van, thanks for coming on Office Hours. I wanna start by having you walk us through your career. We know you as a public media personality on CNN, but there's a whole career that preceded that. So, tell us how you got there, and walk us through your career.

Van Jones:I think probably the best way to start is just to talk about where I was born and raised, and then just go from there. But I was born in Jackson, Tennessee. I was talking to a friend from Kentucky. I was born in Jackson, Tennessee. My dad had been born in segregation and poverty in Memphis in 1944. So, he grew up basically in a shotgun shack, joining the military to get out of poverty.

Everybody else was running out of the military. My dad ran into the military to get out. When he got out, he put himself through college. He married the college president's daughter, who was my mother, 'cause Willy Jones was bad. My dad was bad.

And then, he put his brother through college. He put his cousin through college. And then worked with my mom, put me and my sister through college. And I'll always point out, when my father died, the picture that we put of him on the funeral program was him standing in front of Yale Law School the day I graduated with his hands in the air —

Rascoff: Proud moment.

Jones:Yeah, proud moment for him, given where he started from. So, but my dad was such an “up and out of poverty guy. He got himself out of poverty, then he was a cop in the military, then he was an educator. And I just felt like my dad helped so many people, including my whole family, get out of poverty really with nothing.

How could I have a Yale law degree and not try to at least beat him, if not best him? So, I became a — 24 years old, graduated from Yale Law School, moved to the Bay Area and started working on criminal justice, police reform. I was woke before y'all had alarm clocks.

Rascoff:I'm guessing most of your Yale classmates pursued a different path?

Jones:You know what's so funny? Everybody I went to Yale with, they wanted to be in politics, and they wouldn't take on any controversial issues. They were worried about their Supreme Court testimony. And when I was just on the left side of Pluto. I was on every issue, every protest, every demonstration.

And I wound up working in the White House, and they didn't. Just saying. Follow your heart, follow your dreams. I started an organization called the Ella Baker Center for Human Rights, and we worked to try to fix the juvenile justice system. We wound up closing five abusive youth prisons in California, and we cut California's youth prison population by 80 percent with no increase in youth violence or youth crime. A big cost savings. Stopped them from building a super jail for kids in Oakland. Reformed the San Francisco Police Department. This is all in the 1990s, early 2000s.

Rascoff:All your early to mid-20s?

Jones:Twenties to early 30s, and I just burned out. It was too hard. A lot of funerals. You work with urban youth. You wind up going to a lot of funerals. You got young people in the caskets, and then old people with white hair sitting up in the pews, which is the reverse of what you expect. And there were so many — I've still gone to more funerals in Oakland than graduations.

And you're in a situation when you have that much bad stuff happening — even little things that you don't think about. Like, there's so many sidewalk memorials that when little, bitty kids see balloons, they sometimes start crying 'cause they think that the balloon is — they associate that with memorials of kids who have gotten killed.

So, just — that kind of stuff, that's just too hard for me. So, I wound up deciding to do something very different, just trying to get jobs for kids coming home from jail. And we had a big solar boom happening in California at that time — now you're about 2005, 2006.

And people were ordering the solar panels for their houses, which you can find on Zillow —

Rascoff:Thank you. Well done. [Laughter]

Jones:But they were ordering solar panels for their houses, but it would take them three months, six months, nine months to get the solar panels up 'cause they didn't have enough well-trained people to do the work. And so, I saw a big opportunity to try to get young folks from the community trained to put up solar panels.

And that became a huge breakthrough because we got money to train youth to put up solar panels, and a woman named Nancy Pelosi, who had just become Speaker of the House, came and saw what we were doing. And she went nuts. She says, “You're fighting pollution and poverty at the same time by getting these young people jobs, cleaning up the environment, bringing in the clean energy revolution."

So, she took me to Washington, D.C. She had me testify in front of almost every one of her committees, and we got a guy named George W. Bush to sign a bill called the Green Jobs Act of 2007 to spread my program across the country. That was a huge victory. And then I wrote a book about it in 2008 — “The Green Collar Economy," available on Amazon. [Laughter]

And that book became a bestseller. A guy named Barack Obama read the book, and so, suddenly —

Rascoff: Did that happen organically? He was a community organizer in Chicago at the time. How did you get on his radar screen?

Jones: He was running for Senate — I mean, he was in the U.S. Senate, and he was getting ready to run for president. And Al Gore at that time was making a huge noise about the climate crisis and depressing everyone because it's just such a big problem, and I was seen as somebody who had a solution.

So, then he brought me to Washington, D.C., to help him, and wound up moving about $80 billion with a B from the federal government into clean and green solutions, $5 billion for solar — $5 billion during the so-called stimulus package. So, it was my job to coordinate that spend out for the president.

After that, I went to Princeton, taught there for a while. Then I wound up on CNN with my second book, and that's where I am. But my TV career is the shortest part of my career. I spent literally 25 years working in communities, doing tough stuff, trying to help people, and I'm mainly known for talking about tweets on CNN.

Rascoff: It's funny how life happens. What are advice to young people and common threads from that career path? What do you pull out as some things that you'd want to make sure a 25-year-old self or 20-year-old self would hear?

Jones: You have a lot more power than you think, that's the main thing I would say. Especially when you're young and you're new. You see a lot of stuff that could be improved. You see a lot of gaps. And often you're almost scared to say anything 'cause you don't want to get in trouble, you don't want to seem like you're a troublemaker.

But my experience has been if your heart's right about it, if you really are trying to, say for instance, make Zillow be the best possible thing or whatever it is, you can actually make a tremendous difference, wherever you are. You don't have to have the big title. You don't have to be the head of stuff. You can actually make a tremendous difference.

I think, number one: Don't underestimate your power and your influence. People said we'd never close a prison in California. They just built 20 of them. They said, “You're never gonna close any prisons." We were just too young and dumb to know any better and wound up closing five and making things better.

Another thing I would say is that I think most people have some calling inside themselves. Almost like secret hope about your life that you might be able to make a difference, help people. You're almost embarrassed to share with people — something you want to write, something you'd love to see happen.

It's almost embarrassing, but it keeps coming back, and it keeps coming back. That's why you were born. That thing. It's why you're here. Now, you're getting skills and experiences and meeting people, doing a lot of other stuff, but that's the thing. And if you can, without getting yourself fired or evicted — which, having had both happen to me, I don't recommend — if you can find a way to just continue to move in the direction of that dream, it's amazing what happens in your life.

All the stuff that makes no sense in your life — the crazy people you've met, the bad things that have happened to you, your nutty family — all that stuff winds up being fertilizer to help you do something really beautiful and really amazing. And I think, more than ever, it's gonna be unlikely people that do awesome stuff.

I think the people I see at the top of the game in Washington, D.C., right now — they're stuck, and they're fighting. I see people in D.C., I see people in Wall Street, I see people in Silicon Valley, Hollywood. The people at the top, they're having a hard time adjusting to all these changes in technology, in society and everything else.

They're really, really struggling, whereas the newer people, they seem to actually have a little bit of an inside track on what's next. If you can combine that generational perspective with a deeper purpose and a deeper calling, I think you can do a lot more than most people would assume.

Rascoff: I wasn't alive in the '60s, but obviously there seemed then to have been this sense of upheaval and of empowerment, and youth were able to make an impact. It does seem like we have a lot of that today, and some of that is because of the democratization of media and social media. Some of it is because of millennials and just young people feel they want to be part of something bigger, connected to some sort of a mission, whether it's at a company or in politics or in society.

It does feel different than it did 10 or 15 years ago.

Jones: Even five years ago.

Rascoff: I'm trying to adapt to that as a CEO of what's it like to run a company in that environment. I think the media's trying to adapt to what's it like to inform people about what's happening in the world around them in that sort of environment.

Jones: I think people have a sense, and they're not wrong, that maybe help is not on the way. And in that situation, you want to do something. And I think, frankly, people who are not in government and who are not in politics are gonna have to do more. It used to be that the future was written in law in Washington, D.C. It was written in law by senators, by congress people, by Supreme Court folks, people who have been democratically selected to figure out the future for America and write the future in law.

Now, frankly, the future is being written in code — computer code — in Silicon Valley and places like this. They're updating your phones right now. You didn't ask them to, they're just busy doing it. If you think about that, what that means is that the private sector — whether it's finance or technology or media — the momentum is there, the power is there, the money is there.

But the people who are sitting in those chairs, in your chairs, nobody's coming to you and said, “You're supposed to save the world." They say, “You're supposed to get your project done. You're supposed to meet these earnings reports." But increasingly, you're gonna feel an urgency about the world. And you don't think you can wait four years to vote on it and hope it works out okay.

And so, this is a new reality, I think, for the private sector — that you actually have the ability to make a change. You have a whole generation that wants to make a change, and there's a big failure at the government level. And not just United States — throughout the West.

That's gonna be something that's important to take seriously 'cause I think to keep your best folks and to get your best work out of your best folks, that social purpose has to get elevated a little bit.

Rascoff: Companies like ours have been pulled into this by their employees really saying, “We want you to be more engaged civically. We want you to either be more philanthropic or more outspoken on political issues or both." And it's complicated managing a company in that type of environment, especially such a polarized, politicized situation.

I know there are things that our employees want me to speak out on, topics that I have chosen not to engage on, where other CEOs have. The litmus test that I've made for myself is does it directly affect our employees or our company?

What have you seen, either guests on your shows or others that you're interacting with in media and business landscape — how are they navigating that?

Jones:The reason I like what you're doing is because it's authentic to you. I think the most important thing is that you do you.

But I think trying to figure out how to let that authenticity bubble up through the rest of the company — that's a more difficult management challenge. I'm looking around at CNN, and I'm new to CNN, but I'm not young. So, I was born in '68, so I'll be 50 years old this year.

I'm new to CNN, but I'm not young. Because I'm new, I have more in common with the younger people, though. And I'm watching all these younger people — they have just brilliant ideas. Just unbelievably brilliant ideas. What they think is newsworthy is not what we are putting on the news.

I think we're leaving a ton of value on the table, just because the thing is just not set up to listen to the 24-year-old who's been there for 18 months. And so, that I think for companies of this size, figuring out some way — you should be authentic to yourself, but keeping your ear big for the authentic voices in your building, which will actually change what you're authentic about, I think that's the big challenge.

Rascoff: The nice thing about young people is — you once were in your mid-20s, started to take on the criminal justice system — is they don't know any better. So, they're hopelessly optimistic and naive.

In my world, in the startup world, that enables them and encourages them to start companies, 'cause they don't know any better.

You focused on criminal justice, then the environment, and then, more recently, STEM and underserved populations or underrepresented populations in technology. So, tell us about #YesWeCode and what you're up to more recently.

Rascoff: Part of the tragedy of what I see happening on is just what I call wasted genius. I spent a lot of time in tough schools visiting prisons, juvenile detention centers. Geniuses, just super ridiculously smart people. Genius is actually pretty uniformly spread out, but opportunity is not.

And so, when I was at Yale, I saw kids doing all kind of drugs and terrible stuff. The cops never got called, nobody went to prison. At worst, they went to rehab. Maybe they had to take a semester off, and that was it. And then, those people went on to become doctors, and lawyers. George W. Bush, president of the United States, that — you could have a bad couple years if you're at a certain income level and a certain zip code.

But a few blocks away, kids doing fewer drugs got seven years, 13 years, 22 years in prison. And so, we're just wasting a ton of genius, some of those young people who are behind bars right now could be the Mark Zuckerbergs, or they could start the Zillows or whatever, but they just won't have that shot.

And so, we started #YesWeCode as really an opportunity to try to connect some of the brilliant urban youth that we know in the Oakland part of the Bay Area with Silicon Valley. And Prince, the late rock star, was a person who really wanted us to do that. And so, Prince and I were the co-founders on #YesWeCode.

And it's been a really powerful experience because, just from a physical point of view, Oakland is only about 37 minutes from the Google campus, and I think 41 minutes from the Facebook campus. It's very, very close. But it may as well be on the other side of the moon in terms of somebody who's going to — what used to be Castle Von High School and their thought about the fact that they could ever work at Facebook; it's just completely on the different side of the moon.

Rascoff: What can companies do to improve underrepresented minorities in technology?

Jones: I think a couple things. First, how many people here ever had an internship any place? So, just that. Just doing internships and apprenticeship programs is so important. Because the thing about it is when you try to hire somebody for a job, there's only one of two outcomes. They're either gonna make it, or they're gonna get fired.

And that can be scary for everybody. It's like, “We hired somebody." The thing about an internship: You win if you just complete it. I had an internship — nobody's expected to ace the internship. They just had it, and they did a good job, they made some friends, they learned some stuff, they got some mentorship, their sights got raised.

That is not happening for huge sections of our country. Just literally people can't even get their foot in the door. I think internship programs are important, and then apprenticeship programs, where somebody's paid to work for three months or six months, and they complete the apprenticeship.

Maybe they're great, and they're awesome, and you hire them, you could say. But if not, they at least successfully completed an apprenticeship program. They might be able to go someplace else and get a job. These are the kinds of things that an HR department doesn't want to have to deal with the brain damage and the heartburn around, unless there's a passion in the company and not just the CEO.

By the way, stuff like this — it can't just be the CEO. If the CEO's excited about the internship program and you're not, it'll be the worst internship program ever. If the CEO's passionate about diversity and you're not, or passionate about apprenticeships and you're not, then even the people who see the video and who come will have a miserable experience.

So, it's really about you as a cohort recognizing the importance to yourself of bringing in some of these new voices and perspectives. When I first started doing this, I thought about it more honestly as, “This is great for the young people." I didn't realize how great it was for the companies.

It took, actually, a while for me to realize how great it was for people with completely different perspective, Rolodex, understanding to come in.

We occasionally do these hack-athons through #YesWeCode, and we get urban kids in the same room with engineers from top companies, and every single time we do it, the engineers are blown away by how smart these kids are. We've done it in Baltimore, in Oakland, in New Orleans and all over the country.

And top engineers — they come in, they think they're gonna teach these kids stuff, and within 20 minutes their mouths are hanging open. Not just by how smart the young people are, but also by the kids of problems that young people want to solve using technology.

We did a hack-athon once where a young girl — the problem she was trying to solve was that she was in foster care, African-American, tough background. And she said, “Mr. Jones, when you're in foster care, your parents aren't around, and you just have to wear whatever clothes your foster parents find for you.

“So, sometimes when you go to school, people laugh at you because of the way you look. So, young girls like me, we sometimes do stuff that we're not proud of to get money to buy clothes so we don't get laughed at." Her solution, very simple, “Could we build an app where people who are donating clothes" — 'cause a lot of their clothes are donated — “where the clothes could be found on an app, and we could pick our own clothes, so that way we'd be picking clothes that would be good for us?"

The engineer sitting next to me said, “That's probably a multibillion dollar idea because second-hand, used clothes — that's a global market. And nobody's ever actually even suggested that." And what I said is, “Poor kids have billion-dollar solutions because they've got billion-dollar problems."

And when you start listening to what some people are going through, you'd wind up finding whole other market opportunities — all kinds of adjacent possibilities that just aren't available to you if it's just everybody who went to fancy schools like me.

This whole #YesWeCode experience — and I just appreciate so much your support of it — I didn't realize what an elitist snob I was. I'm just gonna be honest. The first time we did a hack-athon in Oakland I showed up, and you got all these kids, and they're from tough neighborhoods, and some of these neighborhoods don't get along.

And I walk in there, and my first thought is, “I hope there's not a fight." This is anti-racist, civil rights guy. But the bias in my own head, my first thought was, “I hope there's not a fight." And three days later, by the way, when these kids had shown up 20 to 30 minutes early every day — they're sitting there, waiting for us to open up the building, and you can't drag 'em out there at the end of the day. And they've come up with ideas that are 20 times better than anything anybody has come up with from my sector of society. I was embarrassed.

I had to tell 'em, I thought, “Listen, I totally underestimated you guys. And if I'm doing it, Lord knows what other people are doing." And it just made me a complete zealot lunatic about creating more opportunity for folks in those places. And if Zillow can be a place to absorb even a fraction of that talent, there's no telling what can happen here.

Rascoff: I wanna talk about the state of news media. Yeah, I know. [Laughter] It's a fraught topic —

Jones: I thought you liked me.

Rascoff: Probably a year or two ago, if you had said, “The state of news media," the topic of conversation would have been about how difficult it is for print — maybe broadcast — but mostly print to make money in an increasingly digital environment. Now, fast forward a couple years, and it's more about what role does the media play to inform the public? How do politicians interact with the media?

From your perch, where you sit as a media professional, what would you wish that politicians did differently?

And I'm not just talking about Trump. I'm talking more generally to try to make for better discourse.

Jones:I don't know. I wouldn't necessarily blame the politicians. I sometimes feel like I work in the tobacco industry. Like, “Don't use our product; it's bad for your health." Sometimes, I feel that badly about the way that the media has responded.

I don't blame the politicians; they do what they do given what's available to them. I blame, really, us in the media system. There's another round of innovation. We now have a system based on the phones in your pocket — a ton of data, no wisdom at all. That's how I would describe it.

You are overwhelmed with data, and you can't find wisdom no matter what you do. And it's really the lack of wisdom that I think is causing the problem. I don't know what's gonna happen, but this is not working.

Because for CNN, I get to go into red states and red counties, talk to Trump voters all the time. The way we're talking past each other is just heartbreaking.

Rascoff: That seems sort of — I have a hard time convincing myself that will ever change. That seems sort of inevitable, given the fragmentation of media and the echo chamber that we put ourselves into, and the way that digital advertising and Facebook personalization propagates that ideology bubble that we all live in. We seem to inevitably be on this course towards more and more polarization.

Jones: And thank you very much.

Rascoff: How do we fix it? Come on, Van, what's the solution?

Jones: Hey look, I don't know what to do. I think I know how to be in the face of it. Less arrogant, less insistent that I'm right about everything, less committed to treating the red states the way that colonizers treat Third World countries.

It's very tough to lead a country you don't love. It's very hard to win people over when you don't respect them at all. And the one thing I know we need to stop doing is having this attitude, “You are an idiot and a bigot and a fool and a chump. Vote for me." That's less persuasive than you might think if you listen to NPR and CNN and MSNBC.

I think trying to insult people into joining our cause is ill-considered. I think that the idea that we're supposed to have empathy for everybody except Trump voters, that as liberals and progressives and — not putting you in that mix, but I'm just saying for myself — as liberals and progressives, we're supposed to have these big, open arms and big, open hearts, except for half the country?

That is not gonna work.

Rascoff: I strongly agree with one thing you said, which is that regardless of whether you're a Republican or Democrat, dismissing people on the other side of the aisle, if you — that is a recipe for disaster. We have to be respectful of people of all different walks of life and all different political persuasions.

Jones:Basic human rights and human dignity should be a threshold. We shouldn't attack people because of where they're born and their sexuality, their race, their gender, all that kind of stuff. In kindergarten, you can't do that. So, I think it's perfectly fine to decide to fight for that.

But to then extend that and dismiss half the country as, to make up a word, deplorable because they disagree with you, that is also — you gotta throw a flag on that as well. And also, let me just say this, we need each other. People forget that. We need each other. I'm a liberal. I think you need me in society. I got a big heart, I care about people who don't have big PACs and don't have lobbyists and can't give you any money, but I'll fight for 'em anyway.

I think you need me. But you don't want me writing a budget by myself. You don't because a conservative will say, “Van, I appreciate your bleeding heart, but how much does this cost, and who's gonna pay for it?" And I never think about that. I just say, “Feed the babies!" I'm not that worried about that.

It's in that back and forth —

Rascoff: Again, the importance of diversity, political and otherwise.

Van, you're a do-good machine, spawning all these different organizations, and thank you for talking with us. Thanks a lot for sharing thoughts about the future of media and just explaining your perspective and the impact that you're making. Thanks a lot, congratulations. You have the last word, please.

Jones:Look, I just want to say, you weren't born to do normal stuff. It's not a normal time. It's not business as usual. And you can have a much bigger impact than you usually let yourself believe. And the fact that you're here in New York City, you're working for a major tech company — look, my kids live in LA. The first thing they do is Zillow each other's houses to figure out the pecking order.

Till a year ago we were renting, so we didn't get a chance to play. But true story — but that's a big deal. The fact that you work for a company that every kid in America has heard of, or a lot of them have heard of, gives you standing. It gives you a legitimacy. It gives you a credibility.

And you might feel confused, and you might feel frustrated, and you might feel a bunch of things, but when you walk out of this door, you mean something to people. You mean something to people you went to school with, you mean something to your families, you mean something to your communities.

And you don't have to have all the answers. You just have to have some of the right questions like, “How can I help? What's going on? Maybe I know somebody; let me see if I can be of some use." You got people behind you in line who look like you or who don't — who don't have one mentor, not one person who's willing to tell them one thing.

And you can change that person's life without a raise, without changing a single other thing — you can change that person's life. Somebody did it for you, so I wish that people in national media and national politics could come here and say, “Here's how we're gonna fix everything and pass every bill and pass every program." We're a long way from that.

That is going to be the outcome of something else, and the something else is ordinary people giving a damn. Ordinary people reaching out to each other. Ordinary people doing one more thing than they would have done, and that begins to create an accumulation that can get us out of this thing.

There's something in this room, there's something in this company, there's something that could be very powerful, very beautiful, very impactful for ordinary people. I just encourage you to keep seeking for it because it can be really, really special. So, thank you.

Rascoff: Thank you.

The post CNN's Van Jones: Genius is Everywhere appeared first on Office Hours.

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JetZero Just Raised $175M to Rewrite How We Fly

🔦 Spotlight

Happy Friday, Los Angeles ✈️

While everyone in tech is still busy arguing about the next AI model, one startup based out of Long Beach just raised a whole lot of money to change the shape of the airplane itself.

Image Source: JetZero

JetZero closed a $175 million Series B to build its blended wing body “all-wing” airliner, with B Capital leading the round alongside United Airlines Ventures, Northrop Grumman, 3M Ventures, Trucks VC and RTX Ventures. The company is working toward a full-scale Demonstrator aircraft that targets at least 30% better fuel efficiency than today’s tube-and-wing jets, with a first flight planned for 2027 and a commercial Z4 airliner to follow in the early 2030s.

This is not a small bet. JetZero’s pitch is that airlines and regulators need a way to hit climate targets without waiting on sci-fi batteries or hydrogen infrastructure, and that a radically more efficient airframe is the most realistic path. It is also very much an LA story: deep aerospace talent, strategic money at the table, and a product that looks like a mashup of climate tech, defense tech and old-school manufacturing rather than another SaaS dashboard.

There is still a long way to go. The next few years are about turning simulations and wind-tunnel charts into flight data, working with regulators and proving that a manta-ray-shaped jet can slot into a world built for Boeings and Airbuses. But if JetZero gets anywhere close, it will mean that one of the most ambitious hardware bets in commercial aviation is being engineered out of Long Beach.

Scroll on for the latest LA venture rounds, fund news and acquisitions.

🤝 Venture Deals

      LA Companies


      • No Agent List secured $10M in private investment to launch its AI powered real estate platform ahead of a planned Spring 2026 debut. The Los Angeles based company aims to put “agent level” tools directly in the hands of buyers, sellers and vendors, offering direct access to off market properties, FSBOs, distressed assets, foreclosures, tax liens and auctions that have traditionally been gated by agents and insiders. The funding will support product development and rollout of the platform, which promises more control over transactions while using AI to surface opportunities and streamline the deal process. - learn more
      • Hadrian, the Los Angeles based advanced manufacturing startup, announced new capital led by accounts advised by T. Rowe Price Associates to accelerate its push to “reindustrialize” American manufacturing. The financing, which also includes Altimeter Capital, D1 Capital Partners, StepStone Group, 1789 Capital, Founders Fund, Lux Capital, a16z, Construct Capital and others, values the company at $1.6B and will be used to expand its high-throughput factories, grow its workforce and deploy more AI, software and automation across its “factories-as-a-service” platform for aerospace, defense and critical infrastructure customers.- learn more

            LA Venture Funds

            • Blue Bear Capital joined Hydrosat’s $60M Series B, backing the thermal infrared satellite data company alongside lead investors Hartree Partners, Subutai Capital Partners and Space 4 Earth. The funding will help Hydrosat expand its constellation beyond its two current satellites, ramp global coverage and deepen its AI-powered “thermal intelligence” products for water resource management, agriculture, civil government and defense customers worldwide. - learn more
            • Elysian Park Ventures led a $12M growth round for Diamond Kinetics, backing the Pittsburgh-based baseball tech company as it doubles down on youth development. The new capital will help Diamond Kinetics scale sidelineHD, its AI-powered youth baseball and softball live streaming and highlights platform, and expand its broader suite of training tools as MLB’s Trusted Youth Development Platform. - learn more
            • MANTIS Ventures participated in Depthfirst’s $40M Series A round, backing the San Francisco based applied AI lab alongside lead investor Accel, Alt Capital, BoxGroup, Liquid 2 Ventures and SV Angel. Depthfirst is building an AI-native “General Security Intelligence” platform that uses autonomous agents to detect, triage and remediate software vulnerabilities across code and infrastructure, aiming to outpace a new wave of AI-powered cyberattacks. The fresh capital will fund R&D, go-to-market efforts and hiring as the company scales its security platform for enterprise customers. - learn more
            • Cedars-Sinai Health Ventures participated in Vista AI’s $29.5M Series B, joining a slate of leading health systems backing the company’s automated MRI scanning software. The Palo Alto-based startup will use the funding to expand its FDA-cleared cardiac MRI platform to additional anatomies like brain, prostate and spine, and to roll out remote scanning services that let hospitals without in-house MRI expertise offer advanced imaging while easing backlogs and technologist shortages - learn more
            • Fourward Ventures is leading a new strategic growth investment in Mermaid Gin, backing the Isle of Wight–based premium spirits brand as it accelerates expansion in the U.S. market. The round brings Fourward’s founder Will Ward onto the board as lead investor and is paired with a national distribution partnership with Southern Glazer’s Wine & Spirits, plus the appointment of longtime Moët Hennessy veteran Jim Clerkin as CEO for the U.S. push. The capital and partnership are aimed at scaling Mermaid Gin in the fast-growing U.S. super-premium gin segment while preserving its sustainability-focused, Isle of Wight roots. - learn more
            • Hyperion Capital joined Haiqu’s $11M seed round, backing the quantum software startup alongside Primary Venture Partners, Collaborative Fund, Alumni Ventures, Qudit Ventures, Silicon Roundabout Ventures, Harlow Capital, Toyota Ventures and MaC Venture Capital. Haiqu is building a hardware-aware quantum operating system and middleware layer that boosts the performance of today’s noisy quantum hardware, with the new funding going toward productizing its platform and enabling near-term commercial use cases in areas like finance, cybersecurity and scientific computing. - learn more
            • Sound Ventures led WitnessAI’s $58M strategic funding round, backing the Mountain View based AI security and governance platform alongside investors including Fin Capital, Qualcomm Ventures, Samsung Ventures and Forgepoint Capital Partners. The company will use the capital to accelerate global go-to-market efforts and expand its platform, which secures AI agents and models by monitoring agent activity, linking human and agent actions, and blocking prompt injection and other attacks in real time. WitnessAI also unveiled new agentic AI governance tools that give enterprises deeper observability and policy control as they scale AI agents across their operations. - learn more
            • Alexandria Venture Investments joined Proxima’s oversubscribed $80M seed financing, backing the newly rebranded AI-native biotech (formerly VantAI) alongside lead investor DCVC, NVentures (NVIDIA’s venture arm), Braidwell, Roivant and others. Proxima is building a generative AI driven platform for “proximity-based medicines” that modulate protein protein interactions, including molecular glues and PROTACs, to go after historically undruggable targets in oncology, immunology and beyond. The new capital will accelerate its NeoLink structural proteomics and Neo AI model stack, and advance a pipeline of first-in-class proximity-modulating therapeutics toward the clinic. - learn more
            • Clocktower Technology Ventures participated in WeatherPromise’s oversubscribed $12.8M Series A, backing the weather-guarantee startup alongside lead investor Maveron, 1Sharpe, Lerer Hippeau, Commerce Ventures, MS Transverse, Start Ventures, 1Flourish and others. WeatherPromise partners with major travel brands like Marriott, Expedia and JetBlue to offer “weather guarantees” that automatically refund trips when conditions are worse than promised, driving demand for travel, events and outdoor experiences. The new capital will accelerate product development, expand strategic partnerships and scale the platform across more consumer categories. - learn more
            • MANTIS Ventures participated in Sandstone’s $10M seed round, backing the AI-native legal tech startup alongside lead investor Sequoia Capital and others. Sandstone is building an operating system for in-house legal teams that uses AI agents to route requests, draft and review contracts, and surface answers directly inside tools like email, Slack and Salesforce, turning institutional legal knowledge into reusable workflows. The new capital will help the Brooklyn-based company scale its product and grow its customer base of corporate legal departments. - learn more
            • Strong Ventures participated in Hupo’s $10M Series A round, backing the Singapore-based AI sales coaching startup alongside lead investor DST Global Partners, Collaborative Fund, January Capital and Goodwater Capital. Hupo’s platform uses AI to coach frontline banking, insurance and financial services sales teams in real time, helping them ramp faster and close more deals across highly regulated markets in APAC and Europe. The new funding will support product development, expansion of its coaching features and scaling enterprise deployments as the company eyes broader international growth. - learn more
            • Freeflow Ventures joined Vivere Oncotherapies’ more than $10M funding round, backing the UC Berkeley spinout alongside YK Bioventures, Pillar, Berkeley Frontier Fund and the National Cancer Institute. Vivere is developing targeted immunotherapies for “cold” solid tumors like colorectal and ovarian cancers, aiming to activate the immune system against tumors that typically evade detection and resist existing treatments. The new capital will support advancement of its proprietary bioengineering platform and pipeline of therapies for patients with few effective options today. - learn more
            • Alexandria Venture Investments joined Precede Biosciences’ $63.5M Series B equity round, part of an $83.5M total financing package that also includes a $20M strategic, non-dilutive credit facility. The Boston based precision diagnostics and data company is scaling its blood-based platform, which measures target expression and pathway activity to support next-generation cancer therapies like drug, radio and immune conjugates. The new capital will help Precede meet growing demand from biopharma partners developing these precision medicines and accelerate commercialization and health system adoption. - learn more
            • Alexandria Venture Investments participated in Recludix Pharma’s new equity financing round alongside Access Biotechnology, NEA and Westlake BioPartners, with additional strategic investment from Eli Lilly. The San Diego based, clinical-stage biotech will use the $123M in total equity raised to advance clinical development of its novel SH2 domain inhibitor pipeline for inflammatory diseases and to tap Lilly’s TuneLab AI/ML platform to accelerate discovery across its broader SH2 domain program. - learn more
            • BOLD Capital Partners participated in MagicCube’s $10M funding round, backing the Cupertino-based software security company alongside strategic investor Verifone and other existing backers. MagicCube plans to use the capital to expand beyond its core tap-to-phone payments offering into biometrics, identity verification and AI-driven device security, while scaling its Software Defined Trust platform that delivers hardware-grade protection through software on standard mobile and IoT devices.- learn more

                  LA Exits

                  • Webalo is being acquired by Prometheus Group, which is folding the Los Angeles based “no-code for the frontline” platform into its enterprise asset management software suite. The deal will combine Webalo’s mobile, real-time workflows for frontline workers with Prometheus Group’s planning and scheduling tools, aiming to create a closed-loop digital execution platform that connects shopfloor actions directly back into systems of record like SAP and Oracle. - learn more

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                                      Inside Tinder’s 380-Matches-Per-Second Sunday

                                      🔦 Spotlight

                                      Happy New Year, Los Angeles. 💘

                                      If you want a clear read on how people actually behave when the calendar flips, you do not need a survey. You need Tinder’s Dating Sunday data. The numbers below are from January 2025, compared with 2024, and they show a pattern the app sees every year when millions of people log in and take their love life off pause.

                                      🔥 Tinder’s Annual Traffic Spike, By The Numbers

                                      On Dating Sunday, the first Sunday of the year, Tinder hit its biggest activity spike on the calendar. Compared with the app’s typical daily averages for that year, and trends versus the prior year:

                                      📈 Swipes were nearly 13% higher

                                      💬 Messages were nearly 10% higher

                                      ❤️ Likes were over 10% higher

                                      🗣️ Users had almost 7% more conversations

                                      🤝 Matches climbed to about 380 matches per second, roughly a 10% lift compared to the rest of the year

                                      Across Peak Season, from January 1 through February 14, Tinder saw on the order of 10 million more messages per day and roughly 40 million additional likes than its non peak baseline.

                                      The figures are from last January, but the shape of this curve is remarkably consistent year after year, which is why they are a solid proxy for what is happening again at the start of 2026.

                                      ⚡ Not Just More Use, Different Use

                                      What makes the Dating Sunday data more interesting than a simple “usage went up” story is how behavior shifted compared with the same day the year before.

                                      Users replied about 2 hours and 25 minutes faster on average while also sending more messages, more likes and starting more conversations. That looks less like background swiping and more like a concentrated intent spike, people coming back to the app with a clear goal and actually engaging.

                                      From a product and infrastructure perspective, that turns this one Sunday into a full stack exercise. Ranking, recommendations, notifications, trust and safety and core scale all get hammered at once, with high signal data flooding the system over a short window. Most apps only see that kind of behavior during a one off viral moment or a big launch. Tinder sees it every January.

                                      📊 What The Surge Actually Signals

                                      There is plenty of talk about people being tired of apps. The behavior here tells a more nuanced story.

                                      When the calendar flipped last year, people reopened Tinder, used it more, started more conversations and replied faster than they had the year before. That does not look like a category that has lost its grip on users. It looks like a mature consumer network that can still generate predictable, measurable spikes of attention and intent on cue.

                                      If those patterns hold, the first few weeks of 2026 once again look less like a slow reset and more like a live load test for an LA built product at global scale.

                                      Now keep scrolling for this week’s LA venture deals, fund announcements and acquisitions.

                                      🤝 Venture Deals

                                          LA Companies

                                          • Cambium, an El Segundo based advanced materials startup, raised a $100M Series B led by 8VC. The company uses AI, chemical informatics and high-performance computing to design new polymers and composites for defense, aerospace and other high-performance sectors, and will use the funding to accelerate its product pipeline and scale manufacturing capacity across the U.S. and Europe following its acquisition of SHD. - learn more

                                                LA Venture Funds

                                                • Plus Capital joined Pomelo Care’s $92M Series C, backing the New York based virtual care company at a $1.7B valuation alongside lead investor Stripes, Andreessen Horowitz, Atomico, BoxGroup and SV Angel. Pomelo, which already covers about 25 million lives and nearly 7% of U.S. births, will use the funding to take its proven, outcomes-driven maternity model and expand it across women’s and children’s health more broadly, from reproductive care and pediatrics through hormonal health, perimenopause and menopause. - learn more
                                                • Kittyhawk Frontier is leading a $2M seed round in Denver based encoord, joining new and existing investors to back the company’s grid-planning software platform. encoord’s flagship product, SAInt, is designed to give utilities, developers, data centers and grid operators an integrated financial and operational view of the power system, helping cut interconnection timelines by up to five years and optimize capital planning. The new capital will go toward expanding the team, advancing the platform and scaling into key markets as demand for smarter, electrification-ready grid planning tools accelerates. - learn more
                                                • Alexandria Real Estate Equities participated in Mediar Therapeutics’ oversubscribed $76M Series B, joining new investors like Longwood Fund and Asahi Kasei Pharma Ventures in a round co-led by Amplitude Ventures and ICG. The Boston-based biotech will use the funding to advance its first-in-class fibrosis portfolio, including MTX-474, now in a global Phase 2a trial for systemic sclerosis, and MTX-439, which is moving into Phase 1 studies for fibrosis associated with chronic kidney disease, alongside its partnered MTX-463 program with Eli Lilly. - learn more
                                                • GordonMD Global Investments joined Soley Therapeutics’ $200M Series C, backing the South San Francisco based biotech as it advances its AI-enabled cell stress sensing platform and oncology pipeline. The round, led by Surveyor Capital with participation from new and existing investors, will fund IND-enabling work and early clinical trials for Soley’s lead acute myeloid leukemia (AML) program and a second solid-tumor asset, while also expanding non-oncology programs in neurodegenerative and metabolic diseases and scaling the platform. - learn more

                                                    LA Exits

                                                    • CareRev is being acquired by IntelyCare, which is combining its post-acute healthcare staffing platform with CareRev’s on-demand workforce marketplace for acute care. The deal creates one of the more comprehensive clinical labor platforms in the market, spanning clinician-facing job boards, internal resource pool tools, contingent labor and recruiter solutions to help health systems manage permanent and flexible staff in one place. Both brands will continue operating under their existing names while integrating offerings for hospitals, health systems and clinicians. - learn more

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                                                                        LA Is Betting on Nukes, Netflix and Next-Gen Attention

                                                                        🔦 Spotlight

                                                                        Hey Los Angeles.

                                                                        If you were looking for a quiet week, this was not it. LA is backing a portable nuclear reactor, Netflix just took a big step closer to owning Warner Bros. Discovery’s future, and Snapchat is basically handing the city a mirror and saying, “Here is what you did with your attention all year.”

                                                                        Let’s dive in.

                                                                        Radiant’s microreactors and LA’s new nuclear moment

                                                                        Radiant Nuclear raised more than $300M in a Series D round to build Kaleidos, a one megawatt portable nuclear microreactor that is designed to roll off a factory line, ship in a standard container and replace diesel generators at remote sites, military bases and disaster zones. The new capital will fund a full scale test at Idaho National Lab and the build out of Radiant’s R 50 factory in Oak Ridge, Tennessee, which aims to produce up to 50 reactors a year starting later this decade.

                                                                        For LA’s climate and infrastructure ecosystem, this is a big tell. The city that got rich on pipelines of content is now funding pipelines of electrons, betting that small, modular nuclear can be part of the grid story that powers everything from data centers to defense. It is a very different flavor of LA tech, but the pattern is familiar: take a frontier technology, wrap it in product thinking and try to make it feel as boring and reliable as a utility bill.

                                                                        Netflix and Warner Bros. Discovery: one step closer

                                                                        On the media front, Netflix just received an official recommendation from Warner Bros. Discovery’s board to proceed with the planned acquisition of WBD’s studios and streaming business. The board reaffirmed that the Netflix deal, which would fold Warner Bros. film and TV, HBO and HBO Max into Netflix, is in the best interest of shareholders, even as competing ideas swirl around what to do with the company.

                                                                        Practically, this does not mean the deal is done. It means the process has moved from “big idea in a press release” into the slower, more serious phase of shareholder approvals and regulatory review. For Los Angeles, every incremental step like this reinforces the likely end state: a world where a handful of global platforms control not just distribution but also the studios and libraries that defined Hollywood’s last century.

                                                                        Snapchat’s 2025 Recap and the attention economy in our backyard

                                                                        Then there is Snapchat, which used its 2025 Recap to show off what its mostly Gen Z and Gen Alpha users actually did on the app this year. The company is leaning into personalized “year in review” stories that highlight top chats, memories, maps moments and creator content, while quietly reminding brands and investors that Snap still owns a very specific slice of youth attention that is hard to find anywhere else.

                                                                        For LA, Snapchat’s recap is more than a cute end of year product. It is a reminder that some of the most important social infrastructure for the next generation is being built and iterated a short drive from Santa Monica Boulevard. While the grown ups argue about nuclear reactors and studio mergers, Snap is training the next wave of consumers how to communicate, create and remember their lives on a platform that barely existed fifteen years ago.

                                                                        Taken together, this week says a lot about what “LA tech” means in 2025. On one end, you have Radiant trying to change how we power the physical world. On the other, Netflix and Snapchat are fighting over how we package and monetize the stories that live in our heads. Somewhere in the middle are the founders, investors and operators here who see all of this as raw material.Now keep scrolling for this week’s LA venture deals, fund announcements and acquisitions.

                                                                        🤝 Venture Deals

                                                                            LA Companies

                                                                            • Fixated secured a $50M strategic investment from Eldridge Industries to fuel what it calls the “next era of creator-led empires.” The company says the capital will help it expand its capabilities and partnerships that support creators in building and scaling their own brands and businesses beyond traditional sponsorship deals. - learn more
                                                                            • Vital Lyfe raised $24M in financing, including more than $18M in seed funding, in a round led by Interlagos and General Catalyst with participation from Generational Partners, Cantos, Space.VC and Also Capital. The Hawthorne based startup, founded by former SpaceX engineers, will use the capital to ramp manufacturing of its portable, autonomous “water making” systems, expand early deployments with partners like maritime operators and NGOs, and prepare for its first consumer ready products in 2026. - learn more
                                                                            • Molly Sims’ YSE Beauty closed a $15M Series A growth equity round led by Silas Capital, with participation from L Catterton and existing backers Willow Growth Partners and Halogen Ventures. The clinically tested skincare brand, which targets women 35+ and recently rolled out nationally at Sephora, will use the funding to fuel product development, expand across Sephora doors in the U.S., and grow its direct-to-consumer e-commerce business. - learn more
                                                                            • Ember LifeSciences raised a $16.5M Series A led by Sea Court Capital, with participation from Cardinal Health, Carrier Ventures and other strategic investors including former U.S. Secretary of State Mike Pompeo. The Los Angeles based cold chain tech company will use the funding to launch its next generation Ember Cube 2 shipping system and expand globally, helping pharma and healthcare customers cut temperature related losses and waste in medicine distribution. - learn more
                                                                            • Strada, a Los Angeles–based media collaboration startup, received a strategic investment from Other World Computing (OWC) to accelerate its product roadmap. The company’s peer-to-peer platform lets video pros access, share and review large files directly from local drives anywhere in the world, without uploading to the cloud. The partnership will also include co-marketing efforts, joint NAB 2026 presence, and bundled offerings that pair Strada’s software with OWC’s storage and workflow hardware. - learn more

                                                                                LA Venture Funds

                                                                                • Calibrate Ventures participated in Manifold’s Series B round, backing the company as it scales its AI technology platform. Manifold plans to use the new capital to accelerate product development, deepen its capabilities for enterprise customers, and grow its team to support broader commercial rollout. - learn more
                                                                                • SmartGateVC participated in NeuraWorx’s oversubscribed seed round, which was led by Nexus NeuroTech to back the company’s neurotechnology based therapies for central nervous system (CNS) disorders. NeuraWorx plans to use the capital to advance its R&D and early clinical work, build out its technology and product pipeline, and expand its team as it moves toward bringing new CNS treatments to market. - learn more
                                                                                • Kinship Ventures participated in Lovable’s $330M Series B, which values the Stockholm based “vibe coding” platform at $6.6B in a round co-led by CapitalG and Menlo Ventures’ Anthology fund. The company lets non developers build full stack software from natural language prompts, and says it will use the new capital to scale its AI native platform globally, deepen enterprise features and integrations, and support a fast growing base of business users building production apps on Lovable. - learn more
                                                                                • B Capital participated in MoEngage’s $180M Series F follow-on, which brings the customer engagement platform’s total Series F raise to $280M. The round was led by ChrysCapital and Dragon Funds, with Schroders Capital and TR Capital also joining, and will be used to accelerate MoEngage’s Merlin AI product roadmap, expand go-to-market teams across North America and EMEA, and pursue strategic acquisitions while also funding an employee and early-investor liquidity program. - learn more
                                                                                • O'Neil Strategic Capital led HEN Technologies’ $22M financing, which combines a $20M oversubscribed Series A with $2M in venture debt, to build what the company calls the industry’s first operating system for fire defense. The Hayward based startup will use the capital to scale its IoT enabled hardware and Fluid IQ predictive AI platform, capture a comprehensive operational fire dataset, and expand global deployments with distributors and agencies as it aims to make fire suppression faster, more efficient and data driven. - learn more
                                                                                • Core Innovation Capital participated in Transparency Analytics’ second funding round, backing the company alongside lead investor Deciens Capital, Allianz Life Ventures, Mouro Capital, FJ Labs and SUM Ventures. Transparency Analytics, which provides quantitative, tech enabled credit ratings and benchmarking for private credit, will use the funding to scale its platform, refine go to market strategy and build out products like its private credit index as the asset class grows. - learn more
                                                                                • Upfront Ventures participated in Nanit’s $50M growth round, which was led by Springcoast Partners with support from JVP. The company will use the funding to expand its AI powered Parenting Intelligence System and related tools that give parents real time, personalized insight into a baby’s sleep, health and development between pediatric visits. - learn more
                                                                                • Integrity Growth Partners fully funded Fluency’s $40M Series A, coming in as the company’s first major institutional investor. Fluency, a “digital advertising operating system,” centralizes and automates paid media across Google, Meta, TikTok, programmatic and more, already powering nearly $3B in annual ad spend and over 250,000 monthly campaigns. The company plans to use the capital to enhance its automation and agentic AI capabilities, expand integrations with publishers and tech partners, and grow its team. - learn more
                                                                                • JAM Fund joined Last Energy’s oversubscribed $100M+ Series C, backing the advanced nuclear startup as it pushes to commercialize its factory built microreactors. The round was led by Astera Institute with investors including Gigafund, The Haskell Company, AE Ventures, Ultranative, Galaxy Interactive and Woori Technology. Last Energy plans to use the capital to complete its PWR-5 pilot reactor under the U.S. DOE’s Reactor Pilot Program, ramp manufacturing in Texas, and advance its larger PWR-20 units toward commercial deployment in the U.S. and U.K. - learn more

                                                                                  LA Exits

                                                                                  • NextWave is being acquired by Pattern, bringing the TikTok-focused commerce agency under Pattern’s umbrella to strengthen its TikTok Shop and creator-led commerce capabilities. The deal folds NextWave’s expertise in TikTok Shop strategy, operations and creator partnerships into Pattern’s broader ecommerce platform, giving brands a single partner to manage marketplace, DTC and social shopping channels. - learn more
                                                                                  • Ubiquitous is being acquired by Humanz as part of Humanz’s broader push to build a next-gen, data driven creator economy platform alongside its recently announced $15M funding round. The deal folds Ubiquitous’ creator marketing and TikTok/native social expertise into Humanz’s influencer analytics and campaign tooling, giving brands a more end-to-end partner for strategy, creator management and performance measurement across major social channels. - learn more
                                                                                  • Silver Tribe Media is being acquired by TPG-backed Initial Group, which is folding the company into its broader sports and entertainment platform. The deal brings Silver Tribe’s storytelling, production and athlete brand work under Initial Group’s umbrella, giving it more capital and distribution while expanding Initial’s in-house content capabilities around teams, athletes and sponsors. - learn more
                                                                                  • Duffl, the YC-backed campus delivery startup, is being acquired by Rev Delivery, bringing its “10M campus delivery pioneer” operation under Rev’s umbrella. The acquisition folds Duffl’s college-focused, ultra-fast delivery network and playbook into Rev’s hyper-growth delivery operators, with the goal of scaling on-demand service across more campuses and strengthening Rev’s position in student-centered last-mile logistics. - learn more

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