Column: A Year Together and Apart

Sam Adams
Sam Adams serves as chief executive of dot.LA. A former financial journalist for Bloomberg and Reuters, Adams moved to the business side of media as a strategy consultant at Activate, helping legacy companies develop new digital strategies. Adams holds a bachelor’s degree from Harvard College and an MBA from the University of Southern California. A Santa Monica native, he can most often be found at Bay Cities deli with a Godmother sub or at McCabe's with a 12-string guitar. His favorite colors are Dodger blue and Lakers gold.
Column: A Year Together and Apart

Less than 24 hours before dot.LA launched a year ago today, I was coming back into cell service after a hike in Mandeville Canyon when I received a flurry of texts and push notifications: Kobe Bryant had died.

Like many who had grown up watching the Black Mamba tear through global basketball, the sudden loss of such an immortal figure shook me. Since moving from the floor to the rafters at Staples Center, Kobe had plunged into the startup world with his typical ferocity and excellence. He became an influential tech investor as a partner at Bryant Stibel.


Our nascent newsroom in short order produced a tribute to his legacy as an investor and an innovator that led our new site on its first day. It was a small contribution to the memory of someone who loomed so large in our city's imagination, but it was one I was proud of and one I think showcased what dot.LA could provide: drawing the connections between the rapidly growing local tech startup scene and institutions that have been here for decades.

And so began our launch into a year that brought our city and our world hardships and challenges like never before. It was a year that summoned so many of the better angels of community, ingenuity and trustworthy information that dot.LA strives to highlight.

Our first year forced us, like everyone else, to adapt to new and unforeseen restrictions: abandoning our new offices only six weeks after our launch, finding ways to cohere as a team through Zoom screens and trying to shine a light on and bring together L.A.'s tech and startup community while everyone was stuck at home.

We at dot.LA are proud of the work that we have done to chronicle a slice of this city and we hope in some ways, even help catalyze changes that will come in 2021 and beyond.

Over thousands of hours of phone calls, interviews and Zoom meetings our news organization has found new ways to cover the startup community. We have written about how tech has influenced everything from COVID to cannabis to cars.

We've published over 1,200 articles showcasing some of the most interesting people and companies in LA. We've hosted dozens of virtual events and community meetups to connect and inform our audience. We have created digital communities, podcasts, videos, maps and more that reach an incredible audience in the hundreds of thousands. In October, we convened our inaugural dot.LA Summit -- live from Venice Beach -- bringing together 650 top innovators from around the city and the world for two days and over 25 sessions that set a towering bar for our centerpiece events (hopefully in-person soon!) in years to come.

Year one of any startup is inevitably filled with a gauntlet of new challenges from unexpected places. That's a big part of the draw for those crazy enough to start something new. It's a lot like what I imagine having a newborn for the first time to be like: the sporadic sleep schedule, the tending to of many mini-crises and the pervasive anxiety about whether you are doing everything you can to let your new bundle thrive in the world.

Blessedly, I've been able to navigate these obstacles with my co-founder and dot.LA's executive chairman Spencer Rascoff, a seasoned and proven entrepreneur whose vision and guidance made everything seem so much less daunting.

When Spencer reached out to me through mutual friends in May 2019 about his idea to create a publication that would expose all the inspiring innovation happening in our shared hometown, I was thrilled by the prospect of creating a local tech journalism startup. Without him none of this would've been possible.

Our city was able to find ways to survive and thrive in this strange pandemic that has tested so many of us. Despite hardships, new companies are getting founded and funded, innovators and seekers are relocating to our sunny hub; heck, even the Dodgers and Lakers became champions once again.

We will continue to shine a light on those who are changing the way we live - so many of whom want to make the world a better place. We will continue to encourage L.A. as it grows into the most diverse startup hub in the world. We will introduce new channels and coverage to best serve our audience from our vantage point as a startup covering startups.

Thank you to those who have visited the site, who have followed us on social media and signed up for our newsletter. Thank you to those who have joined our events and our community, and who believe in Los Angeles as a place where world-changing companies are built.

Take our survey to help us be even better in our second year.

https://www.linkedin.com/in/samnadams/
sam@dot.la

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Cadence

March Capital Raises $650 Million Fund to Invest in AI Startups

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College and previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

March Capital Raises $650 Million Fund to Invest in AI Startups
March Capital founder Jamie Montgomery. Illustration by Dilara Mundy.

Santa Monica-based venture outfit March Capital announced Feb. 3 that it raised its largest fund to date, a $650 million investment vehicle that will be used to back up to 15 startups focused on delivering new uses of artificial intelligence.

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samsonamore@dot.la

The Three Best Ways to Work With Your Startup Board

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.

The Three Best Ways to Work With Your Startup Board

When launching and running a startup, your board of directors is one of your most valuable assets. If you already understand why you need a board and how to structure your board, it may be tempting to think you can cross that item off the list. But building a board is just the beginning. Now you’ve got to get down to business—together.

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https://twitter.com/spencerrascoff
https://www.linkedin.com/in/spencerrascoff/
admin@dot.la

This Week in ‘Raises’: Saviynt Lands $205M, Pagos Secures $34M

Decerry Donato

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.

This Week in ‘Raises’: Saviynt Lands $205M, Pagos Secures $34M
This Week in ‘Raises’:

While it was a slow week of funding in Los Angeles, security vendor Saviynt managed to score $205 million that will be used to meet the company’s growing demand for its converged identity platform and accelerate innovation.

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