"More people are paying attention to (healthcare) and less attention to the need for electric scooters, or other things."
Today's online strategy session was devoted to what Angeleno investors and healthcare workers are learning in the wake of COVID-19. Several speakers said many longstanding ideas are finally getting attention because of the pandemic, such as vaccine development and telemedicine. Watch the archived video here.
Also, senior reporter Ben Bergman dives into a new Pitchbook report that finds VC firms were very busy, even during the early days of the lockdown. We have a rundown of the biggest deals around L.A. in the last quarter as well.
The spread of the novel coronavirus has sped the adoption of telemedicine in the United States, eliminating barriers such as insurance reimbursements. It's also shone a light on the need for the faster development of vaccines and greater investment in public health. Watch the archived livestream and read our takeaways here >>
Deal activity continued at a swift pace in the first quarter of 2020 despite the arrival of COVID-19. But don't expect it to last. The pandemic is expected to grind deals to a halt for the rest of the year, lower valuations, and shift the balance of power from founders to investors for the first time in years. See Pitchbook's rundown of the top deals in L.A., and read more here >>
Amazon fired two highly visible employee activists who regularly criticized the company's position on climate change and conditions inside its fulfillment centers. The employees were terminated for "repeatedly violating internal policies," an Amazon spokesperson said. Read more >>
Our first virtual showcase was such a success that we're already working on our next one. Join us Thursday, April 23rd at 11 a.m. for the second Startup Pitch Showcase. Nominate your company here to present at the live event. We're looking for Southern California startups in any industry. Submissions will be evaluated on a rolling basis. Contact Annie@dot.LA with any questions.