Our Weekly LA Tech Wrap-Up

Our Weekly LA Tech Wrap-Up

L.A. startups had a big week. Beautycounter was minted a unicorn, Triller made two acquisitions and hired a new CEO. SpaceX amended its recent funding round by over $300 million and announced a contract with NASA to bring astronauts to the moon. And we released a new VC survey that sees good things for the coming quarter.

Here's a look at our top stories:

LA Venture Leaders See Lots of Hiring Ahead

Thanks to a sizzling startup scene and a receding pandemic, Los Angeles investors are feeling more optimistic this spring than they did at the end of last year. They're expecting robust hiring, increasing valuations and a quick recovery of the U.S. economy, according to our quarterly poll of the top VCs in Los Angeles.

Is Too Much Money Chasing Too Few Startups?

It is a great time to be a startup founder, with soaring valuations and investors tripping over themselves to get a piece of startups. New data show 315 Los Angeles startups raised a total of $6.7 billion in the first quarter — a 75% increase in deal value over the same quarter last year. Read more >>

How the Pandemic Changed Education at LA Unified

This month, Los Angeles students and teachers are returning to classrooms with a new tool in their box: tech. Laptops, tablets, cameras and educational software became a cornerstone of education during #COVID, and they're not going anywhere. Read more >>

MeWe Billed Itself as the Anti-Facebook. Now It's Going Hollywood.

Culver City.-based MeWe has a new CEO. Veteran tech and Hollywood executive Jeffrey Edell has big plans to shift the social media upstart from a haven for conspiracy and user privacy into a place to engage around entertainment. We talked with him about his plans. Read more >>

Can the Blockchain Revolutionize Health Care?

The health care industry is looking for data security solutions. Beverly Hills-based Apotheka Systems thinks the answer is the blockchain — and it has been quietly working with the Department of Veteran Affairs to develop a more secure system. Read more >>

Snap and LACMA Partner on Virtual Art Around LA

Five new virtual monuments dot L.A., collaboratively developed by Santa Monica-based Snap and the L.A. County Museum of Art. The project, "Monumental Perspectives," uses augmented reality to create interactive monuments to L.A. and L.A. culture. Here's how to see them >>

Startup of the Week: Beautycounter

In a boost for L.A.'s health and beauty sector, the parent company of Beautycounter, which makes eco-friendly skin-care products and cosmetics, was acquired by a massive private equity firm and joined the unicorn club this week. Read more >>

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