Downtown Los Angeles-based HopSkipDrive, a mobility startup that aims to be a kid-friendly Uber service for school-age students, won startup of the year at dot.LA's second annual startup awards.
Winners were announced at the dot.LA Summit. Judges voted for their picks for the most-deserving companies and individuals in six categories, including rising entrepreneur, top rising startup and entrepreneur of the year.
"It's such an honor to be included among all the impressive companies nominated for this award," Katrina Kardassakis, HopSkipDrive's vice president of business operations, said during her acceptance speech. "We are a youth transportation solution on a mission to create opportunity for all through mobility, and so we're focused on serving vulnerable populations, including kids in the foster care system, kids experiencing homelessness and kids with special needs or anyone who needs a little extra care to get where they need to go."
Kardassakis added that HopSkipDrive is currently focused on providing a potential solution to the ongoing shortage of bus drivers across the country, which is leading to backlogs in getting kids to and from school as the transportation industry struggles to retain workers and rebound from the coronavirus pandemic.
Finalists for the 2021 Startup of the Year Award included Universal Hydrogen, a company that's working to make planes that run on clean energy; Long Beach-based Rocket Lab, a reusable rocket manufacturer and small satellite launcher that looks to compete with SpaceX; ChowNow, a commission-free online ordering platform for restaurants and Crexi, a platform for streamlining commercial real estate transactions.
Check out the full list of nominees and winners for dot.LA's 2021 Startup Awards below.
Pivot of the Year: Potion
This award celebrates a startup's ability to revamp by changing its business model and strategy in the face of adversity.
Finalists:
- Triller
- Behold
- GiveSum
- Potion — Winner
- Struct Club
Social Justice Award: Grid110
This award recognizes a company or individual who has made the biggest impact on driving social justice to create a positive, significant and sustainable impact.
Finalists:
- All Voices
- Cheese
- SoLa Impact
- Hacker Fund
- Grid110 — Winner
Rising Entrepreneur: Krista Berlincourt
This entrepreneur is new in the LA startup scene and has emerged as a forward thinking innovator and leader. Despite his/her age, the Entrepreneur of the year has a pioneering spirit and a promising future.
Finalists:
- Clash App, Brandon McNerney
- Lolly, Marc Baghadjian and Sacha Schermerhorn
- Kona, Sid Pandiya
- Kensho Health, Krista Berlincourt — Winner
- Seed, Ara Katz
Rising Startup: Invisible Universe
Sponsored by TriNet
This startup is less than two years of age from incorporation and has shown major development based on market growth, innovation and impact of products and services. This newcomer has the greatest potential to disrupt its market and global tech community.
Finalists:
- Elude
- Returnmates
- Dogdrop
- Invisible Universe — Winner
- Launch House
Entrepreneur of the Year: Alex Israel
This entrepreneur has a fearless spirit while their partners, teammates and clients are inspired by their vision on a daily basis. They have made notable achievements this past year in regards to funds raised, sales, impact of product and leadership in the tech ecosystem.
Finalists:
- Heather Hasson and Trina Spear, FIGS
- Cathy Zoi, EVgo
- Alex Israel, Metropolis — Winner
- Dakota Semler, Xos Truck
- Jason Wilk, Dave
Startup of the Year: HopSkipDrive
This company has shown the greatest development over the past year based on innovation and impact with goods and services. This startup has the most promising potential for an exit and potential to reach unicorn status.
Finalists:
- HopSkipDrive — Winner
- Universal Hydrogen
- Rocket Lab
- ChowNow
- Crexi
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One example of the conference's new approach: a three-act augmented reality play performed at the conference called “MetaTr@versal: A Day in the Life.” Written by extended-reality (XR) technologist Sophia Moshasha, the play used VR screen mirroring to tell the story of an entrepreneur pitching new interoperability standards to investors.
“It was super ambitious, because we were using technologies from ARWall,” said AWE Head of Operations Andrea Lowery. “I can't even characterize all the different audio visual inputs and time and energy and creativity and tech that went into this thing.”
This year’s AWE featured keynotes, breakout rooms and a tech playground that included interactive and immersive experiences. Here are the five standouts from the conference and the advancing technology.
Magic Leap’s New Headset
Lines began snaking around the corner of the Magic Leap booth before the exposition floor even officially opened, as crowds gathered to try the Florida-based company’s new Magic Leap 2 augmented reality headset.
Participants were paired up and assigned to one of three demos. I was able to try the “wildfire” demo, where the glasses scanned a printed code on a circular tabletop and displayed a topographical map. The demonstrator toggled overlays off and on, showing the spread of weather and fire across the landscape. The company hopes their technology will be used in the future to train first responders, as well as workers in manufacturing, health and defense, among other industries.
The new headset aims to tackle some of the problems with the release of its first incarnation—including a narrow field of view and limited range of applications—by expanding the horizontal field of vision from 50 to 70 degrees and reaching out to more potential partners.
The most impressive part of the Magic Leap 2 was optical dimming, which shuts out nearly all light outside the augmented reality elements on the tabletop, drawing users’ focus to the data and cutting down on glare in outdoor environments.
Tilt 5
Tilt Five: Immersive Table-Top Gaming
Tilt Five was another popular booth. The startup produces augmented and virtual reality gaming hardware, and has partnered with third party game developers to build software that integrates turns table-top games in AR experiences. The full system includes a game board, a light pair of AR glasses and a control wand.
The company raised over $1.7 million in fan funding on crowdfunding platform Kickstarter. It’s been shipping out completed products to its backers since December and hopes to have them all sent out by the end of the summer. Now, it has set its sights on expanding its offerings.
“We actually just signed with Asmodee Digital, who makes games like Catan, Carcassonne and Gloomhaven,” said Tilt Five Head of Communications Stephanie Greenall. “So we'll be taking a select number of their titles and putting them onto the board.”
Since last year’s AWE conference, Tilt Five has added mixed reality streaming, which allows fans to share their adventures on streaming and social platforms and the “XE Gameboard,” a larger board that tilts up so you can see further into the game.
TikTok’s booth showcasing its new AR features on June 3, 2022. Photo by Mallika Singh
TikTok Plays Catch Up in AR
About two months ago, TikTok launched Effect House, an AR development platform that plugs right into its mobile app. It’s an attempt to catch up on creative studio applications like Meta’s Spark AR Studio for Facebook and Instagram and Snapchat’s Lens Studio.
Effect House is built on a visual scripting system and a range of popular templates that is meant to make it easier for everyday creators to create their own visuals, without needing to know much about writing code.
According to Garret Fuselier, AR creative engineering lead at TikTok, there are already around 1,000 creators on Effect House’s Discord account, and videos using Effect House have already reached over 1 trillion views.
Fungisaurs
Fungisaurs: Augmenting Play with Figurines
L.A.-based artist and digital sculptor Aiman Akhtar’s background in 3D modeling and animation at studios including Nickelodeon, Dreamworks and Blizzard prepared him to develop his own line of augmented reality kids’ toys–in the form of small “dinosaur mushroom creatures.”
Fungisaurs started as a collection of real-life plastic toys in 2017, funded partially on Kickstarter. Three years later, Akhtar partnered with augmented reality company Octagon Studio to build ARise, a camera app that brings the physical toys to life and supports interactive play.
Next up for the company is more app integration, card functionality and a second series of characters.
“If we have a card read as well as the object, then we can trigger animations, we can trigger background changes,” Akhtar said. “So we can make narrative board games that can actually convey stories and have more interactivity between players.”
Fungisaurs was one of the only companies at AWE with a product tailored towards kids.
A conference attendee tries the HaptX DK2 Gloves on June 3, 2022. Photo by Mallika Singh
HaptX: Prototype the Training, Not the Product
HaptX, a leading producer in the haptic XR space, makes AR products for customers in training, manufacture, design and telerobotics. The company is based in Redmond, WA with offices in both San Luis Obisbo and San Francisco.
Its development kit, the DK2 Gloves, uses compressed air to simulate resistance by applying braking to the backs of the gloves, up to eight pounds of force per finger and up to 40 pounds per hand. The air contours the shape of the gloves to objects touched in virtual reality worlds.
Recently, HaptX worked with Nissan to mock up its Nissan Leaf electric vehicle virtually. Its system allows designers to touch and interact with the virtual car, obviating the need for wasteful and expensive automotive prototypes, which can cost up to $200,000 per model. HaptX’s gloves, meanwhile, cost in the high five figures for enterprise customers.
HaptX had both a stationary and mobile demo station at AWE. The mobile device was set up in a backpack. One woman trying it out at the Expo said the backpack’s weight was about the same as two MacBooks.
“This will get significantly smaller in the future,” said Victor Oriaifo, an account executive at HaptX.
He said the company aims to shrink the portable device once it’s manufacturing at scale.
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Watch the main stage presentations on the AWE.Live mobile app ( iPhone/ Android), where the remainder of the sessions will appear by the end of next week. View this article in video form on our TikTok page!
“Most people don’t think of SaaS as sexy,” said conference co-founder Nancy Hammerman. “Maybe it’s crazy, but we thought otherwise.” Along with Peter Cowen, Hammerman founded the technology investment banking firm Sutton Capital Partners, which specializes in selling and raising capital for founder-based fintech and SaaS (software-as-a-service) companies.
In 2015, they hosted the first annual Recurring Revenue Conference at the Luxe Summit Sunset Boulevard, which grew to over 700 attendees before the pandemic in 2020 halted live events.
Few other industries have weathered the storm of COVID-19 better than the tech industry, and within even that competitive space, SaaS companies saw a boom growth period as customers found themselves in need of accelerated technology to enhance remote working and distributed teams. It was rare to find a company that made it through the pandemic without SaaS digital collaboration platforms like Zoom, Gmail or Slack.
For a host of reasons, the Southern California tech community particularly benefited from the recent uptick in working from home. Aided by a large influx of new and larger VC funds, successes grew exponentially in sales, with several local startups reached IPOs or large equity rounds.
"It’s really about the new strategies, tactics and increasing level of sophistication subscription companies need to survive,” Cowen told dot.LA about the conference. “It’s what makes this year truly exciting.”
“The past couple of years have seen a marked increase in funding, bringing greater competition through virtually all sectors,” he added, pointing to companies like ServiceTitan, Appetize, ZipRecruiter, ReCharge, Snap Raise! and Bambee as examples.Not to be underestimated is the sheer scale of the number of smaller companies in SoCal that started or exploded in the past two years; it’s now the nation’s third-densest region for funded companies.
This year’s hybrid attendance model will allow people from all over the country access to top thought-leaders in the subscription economy, providing networking opportunities that previously have only been available to locals. Since 2015, the conference has featured panels and keynotes from such luminaries as ZipRecruiter founder and CEO Ian Siegel, Snap’s Justin Sternberg, Nextbite founder Alex Cantor, Blackline’s Therese Tucker and “Predictable Revenue” author Aaron Ross.
The theme of this year’s Conference is “Deep Customer Engagement.” The morning’s keynote speaker is Nick Mehta, founder of Gainsight, the leader in analyzing customer engagement and deploying strategies to improve engagement.
The afternoon keynote from dot.LA's Spencer Rascoff will touch on SoCal’s rapid rise to prominence.
The Recurring Revenue Conference returns June 23rd. (Photo via Sutton Capital)
“We are particularly excited to have Spencer, given his experience in co-founding Zillow, more recently Pacaso and his active seed investing. He is at the pulse of the market and can impart insights to entrepreneurs plus discuss the rapid changes in the marketplace” Cowen told dot.LA.
“Each year, we feature a special panel ‘Recurring Revenue Rockstars: Hidden Gems that Might Surprise You,’ featuring our region’s next generation of breakout companies,” Hammerman told dot.LA. “Over a dozen previous rockstars have received major funding or been sold.”
“We pride ourselves on creating great and relevant content for the local tech community,” she added. This year’s panel includes one on analytics, one on fintech, another on winning the talent war and a VC panel called ‘Meet the Money," featuring panelists like TX Zhou of Fika Ventures, Minnie Ingersoll of TenOneTen, and Alex Rubalcava of Stage Venture Partners.The event’s full agenda can be found here.
The quality of the panels themselves aside, perhaps the most significant reason people attend the Recurring Revenue Conference remains the opportunity to network and reconnect with others in the community. After a two-year hiatus, the Sutton Capital Partners team are looking forward to seeing everyone back together again and connecting with many new innovators who are helping make SaaS one of the most exciting—and dare we say—sexy sectors of emerging technology.
Venue information:Hilton Los Angeles Culver City
For tickets and info: Recurring Revenue Conference
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