LA's Most Impressive Founders, According to the City's VCs

Ben Bergman

Ben Bergman is the newsroom's senior finance reporter. Previously he was a senior business reporter and host at KPCC, a senior producer at Gimlet Media, a producer at NPR's Morning Edition, and produced two investigative documentaries for KCET. He has been a frequent on-air contributor to business coverage on NPR and Marketplace and has written for The New York Times and Columbia Journalism Review. Ben was a 2017-2018 Knight-Bagehot Fellow in Economic and Business Journalism at Columbia Business School. In his free time, he enjoys skiing, playing poker, and cheering on The Seattle Seahawks.

LA's Most Impressive Founders, According to the City's VCs

Los Angeles is home to thousands of founders working day and often night to create a startup that's the next breakout hit.

Who are the most impressive L.A. founders? To find out, we asked our cohort of dozens of L.A.'s to VCs top weigh in.

In somewhat of a surprise, given he has less high-profile than many other founders, Andrew Peterson, co-founder of the cybersecurity platform Signal Sciences, topped the list. Last year, he sold his company for $825 million to Fastly, which he joined during the transaction. He now leads the cloud computing giant's security practice.


Unfortunately, the list is lacking in diversity and does not include any females, which is emblematic of problems that continue to plague the industry.

A mere 1% of venture-backed companies are led by Black entrepreneurs. Last year, only a quarter of venture dollars nationwide went to companies with a female founder and L.A. fares especially poorly, ranking fourth for capital invested with female teams.

The complete list is below, in alphabetical order, except for Peterson, who received the most votes. The others were all tied.

Andrew Peterson,  Signal Sciences

Andrew Peterson

Andrew Peterson is the co-founder and former chief executive of Signal Sciences, a web application security platform that he founded in 2014 and was acquired in 2020 by Fastly in a $775 million deal. Signal Sciences protects web applications from attacks and data breaches for clients like Duo Security, Under Armor and DoorDash.

Prior to starting Signal Sciences, Peterson worked at Etsy, helping the online marketplace with international growth as a group project manager. Etsy reportedly became one of Signal Sciences's first customers. Peterson has also served stints as health information management officer at the Clinton Foundation and as a senior product specialist at Google.

Ara Mahdessian, ServiceTitan

Ara Mahdessian

Ara Mahdessian is the co-founder of ServiceTitan, a SaaS product for managing a home services business.

The inspiration for ServiceTitan, Mahdessian's first company, came from watching his parents start their own businesses in building and plumbing, only to struggle with the logistics behind keeping them running, he told Inc in 2019. Mahdessian and his co-founder Vahe Kuzoyan met while in college, and worked on several consulting projects before starting ServiceTitan, in hopes of aiding small business owners like their parents.

Evan Spiegel, Snap Inc

Evan Spiegel

Evan Spiegel is the co-founder and chief executive officer of Snap Inc., the Venice-based company known for its app Snapchat. He's also one of the youngest billionaires in the world, launching Snapchat while still an undergraduate at Stanford.

SnapChat, the company's app, has recently been taking on rival TikTok with a new feature and a program meant to attract creators to its platform. And it is been at the center of a larger national debate on the power of big tech.

Spencer Rascoff

Spencer Rascoff is the founder of several companies, including dot.LA. He started his career as an investment banker at Goldman Sachs, later leaving to co-found travel website Hotwire. After serving as vice president of lodging at Expedia, he went on to found Zillow, an online real estate marketplace that went public in 2011.

Rascoff's most recent project is Pacaso, a marketplace for buying, selling and co-owning a second home.

Tim Ellis, Relativity Space

Tim Ellis

Tim Ellis is the co-founder and chief executive of Relativity Space, an autonomous rocket factory and launch services leader for satellite constellations. He is the youngest member on the National Space Council Users Advisory Group and serves on the World Economic Forum as a "technology pioneer."

Before founding Relativity Space, Ellis studied aerospace engineering at the University of Southern California and interned at Masten Space Systems and Blue Origin, where he worked after graduation. He was a propulsion engineer and brought metal 3D printing in-house to the company.

Travis Schneider, PatientPop

Travis Schneider

Travis Schneider is the co-founder and co-chief executive of PatientPop, a practice growth platform for healthcare providers. He founded the company with Luke Kervin in 2014.

The two have founded three companies together, including ShopNation, a fashion shopping engine that was later acquired by the Meredith Commerce Network.

Luke Kervin, PatientPop

Luke Kervin

Luke Kervin is the other co-founder and co-chief of PatientPop. He is a serial entrepreneur — his first venture was Starbrand Media, which was acquired by Popsugar in May 2008.

Kervin and Schneider then founded ShopNation, and when it was acquired in 2012, Kervin served as the general manager and vice president at the Meredith Commerce Network for a few years before leaving to found PatientPop.

Kervin had the idea for PatientPop when he and his wife were expecting their first child, he told VoyageLA. They were frustrated with how the healthcare system wasn't focused on the consumers it was meant to serve. So in 2014, he and Schneider created PatientPop.


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💰Bankruptcy to Billion Dollar Sale: Impressive LA Startup Success Stories

In the wake of the latest jobs report and its impact on the stock market, we thought it might be refreshing to shine a light on some LA startup success stories. Los Angeles has long been a fertile ground for interesting startups, fostering innovation and entrepreneurship across various industries. Among its success stories are Ring, Riot Games, SpaceX, Dollar Shave Club, and Fabletics—each of which has made a significant impact in its field.


Image Source: Amazon

Ring, originally conceived as DoorBot, was created in 2013 by Jamie Siminoff in Los Angeles, California, with the goal of revolutionizing home security. The idea sparked in 2011 when he kept missing deliveries because he was in his garage and hadn’t been able to hear the doorbell, leading him to create a smartphone-connected doorbell that allowed homeowners to see and communicate with visitors remotely. Despite initial struggles, including being on the verge of bankruptcy and a rejection on Shark Tank, where Siminoff sought $700,000 for a stake in the company, the exposure from the show propelled sales and visibility. In 2014, the company rebranded to Ring, and its innovative products, including the iconic Ring Video Doorbell, quickly gained popularity, ultimately leading to its acquisition by Amazon in 2018 for approximately $1 billion, marking a significant milestone in the smart home industry.


Image Source: Riot Games

Riot Games was founded in September 2006 by Brandon Beck and Marc Merrill in Santa Monica, California. The inception of Riot Games was driven by Beck and Merrill's shared vision to create a game that emphasized longevity and continuous player engagement. With an initial funding of $1.5 million from family and angel investors, they set out to develop League of Legends, a game that would go on to redefine the multiplayer online battle arena (MOBA) genre and become a cornerstone of the esports industry. The company’s commitment to a player-first approach and its innovative free-to-play model, which generated revenue through in-game purchases, quickly garnered a massive following. Riot Games' headquarters in West Los Angeles became the birthplace of a global gaming phenomenon, solidifying its status as a major player in both game development and esports.


Image Source: SpaceX

SpaceX was born out of Elon Musk's ambitious vision to reduce space transportation costs and enable the colonization of Mars. In 2002, after selling his stake in PayPal, Musk founded Space Exploration Technologies Corp. (SpaceX) in a small office in El Segundo. The company's humble beginnings in the heart of Southern California's aerospace industry were marked by skepticism from established players. From this Los Angeles base, SpaceX would go on to revolutionize the space industry, developing reusable rockets and becoming the first private company to send astronauts to the International Space Station, all while maintaining its significant presence in the region for nearly two decades before announcing plans to move its headquarters to Texas in 2024.


Image Source: TIME

Dollar Shave Club was founded in 2011 in Venice, California, by Michael Dubin and Mark Levine, who were inspired by their frustrations with the high cost of razor blades. The duo's innovative approach combined a subscription model with a humorous marketing strategy, launching with a viral YouTube video that showcased their product in a lighthearted manner. This video quickly garnered millions of views and led to an overwhelming response, crashing their website shortly after launch. Dollar Shave Club's success not only disrupted the traditional razor market dominated by giants like Gillette but also paved the way for a new wave of direct-to-consumer brands, ultimately culminating in its acquisition by Unilever for $1 billion in 2016.


Image Source: Fabletics

Fabletics, the popular activewear brand co-founded by actress Kate Hudson in 2013, began its journey in Los Angeles, California. The company was established with the vision of providing stylish and high-performance athletic apparel that caters to a diverse range of body types and lifestyles. Fabletics operates on a unique membership model, allowing customers to access exclusive discounts and personalized shopping experiences. Since its inception, the brand has rapidly expanded, launching various product lines, including men's apparel and scrubs, and has become known for its collaborations with celebrities like Kevin Hart and Khloé Kardashian. Fabletics has successfully positioned itself as a leader in the activewear market, emphasizing inclusivity and community engagement while revolutionizing the way consumers approach fitness fashion.

From redefining home security to revolutionizing gaming, these LA startups showcase the city's extraordinary ability to innovate across a diverse array of industries.


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'Not All VCs Have Turned MAGA'— Tech VC’s Bold Support for Kamala Harris
Image Source: Politico

🔦 Spotlight

Several prominent tech investors, including Mark Cuban, Reid Hoffman, Vinod Khosla, and Spencer Rascoff of 75 and Sunny, along with more than 500 others have endorsed Vice President Kamala Harris for the 2024 presidential election through an initiative led by Seattle investor John Schilling. This pledge, which also includes key LA-based firms like Backstage Capital, Bonfire, MaC Venture Capital, and Upfront Ventures, signals a unified effort among tech leaders to support Harris's candidacy. The pledge highlights their commitment to pro-business and pro-entrepreneurship values while emphasizing the importance of democratic institutions.

The pledge states: “We the undersigned are Venture Capital investors, founders and tech leaders who pledge to vote for Kamala Harris in the 2024 election. We spend our days looking for, investing in and supporting entrepreneurs who are building the future. We are pro-business, pro-American dream, pro-entrepreneurship, and pro-technological progress. We also believe in democracy as the backbone of our nation. We believe that strong, trustworthy institutions are a feature, not a bug, and that our industry - and every other industry - would collapse without them. That is what’s at stake in this election. Everything else, we can solve through constructive dialogue with political leaders and institutions willing to talk to us. In this pivotal moment, we are united in our support for Vice President Kamala Harris. We invite you to join us.” Additionally, the pledge clarifies, “This pledge is not a declaration of your politics or party alignment. It just means you intend to vote and support Harris for President in this election.”

For Los Angeles, this initiative highlights a significant shift in how tech leaders are engaging in political advocacy. With LA being a major center for innovation and venture capital, the involvement of these high-profile investors and firms signals a powerful alignment against conservative trends and states “Let’s show founders that not all VCs have turned MAGA,” reflecting a broader trend of progressive political support in the tech industry.


🤝 Venture Deals

LA Companies

  • ZeroTier, a network security startup, raised a $13.5M Series A led by Battery Ventures, with Bonfire Ventures, Anorak Ventures, Grand Enterprises B.V., Airbridge Equity Partners and First In Ventures also participating. - learn more
  • Look North World, a video game studio and publisher dedicated to the Creator platforms, raised an additional $2.25M Seed Funding led by London Venture Partners and others. - learn more

LA Venture Funds

  • Supply Change Capital led a $3.5M Seed Round for Terrantic, a two-year-old Seattle startup whose platform helps growers, packers, and food processors optimize yield, throughput, and quality by analyzing existing data. - learn more
  • Mantis Venture Capital participated in a $20M Round Extension for Haus, a startup whose marketing measurement platform uses causal attribution to determine the effectiveness of marketing efforts. - learn more
  • Caden Capital Partners participated in a $45M Series C for Rhombus, a startup whose platform enables businesses to deploy and manage security devices, offering features like real-time notifications and advanced analytics while also integrating with existing systems. - learn more

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🗓️ Essential LA Tech Calendars and Events

Los Angeles is rapidly emerging as a vibrant tech hub, offering a wealth of opportunities for those eager to dive into the industry. With numerous organizations hosting events tailored to aspiring entrepreneurs and tech enthusiasts, there's no better time to get involved. From networking mixers and educational workshops to pitch competitions and industry panels, the LA tech scene is brimming with chances to connect, learn, and grow. Keep an eye on the following calendars and events to take advantage of the numerous opportunities for networking, learning, and career growth.


AI LA Event Calendar

Artificial Intelligence Los Angeles (AI LA) is a public benefit 501(c)(3) nonprofit organization; supporting the STEAM (Science, Technology, Engineering, the Arts, and Mathematics) communities of the Greater Los Angeles area. AI LA hosts numerous events every month. Some of the upcoming events include AI Policy Happy Hour; LA GenAI Meetup, and LA Founders & Investors.

Find them on: LinkedIn, Luma, Instagram, X, YouTube


Startup Coil Event Calendar

Startup Coil is a community that offers various services to entrepreneurs including putting on events to help build through startup events. Startup Coil partners with KINN, a membership network, accelerator and collaborative workspace, to put on a weekly event called Startup Cafe, in which entrepreneurs, startups, and tech enthusiasts join together every Wednesday at 8:45 am to 10:30 am to meet and connect with like-minded people, industry professionals and investors, while enjoying a nice cup of coffee. They also put on tech happy hours and many other partnered events. Some of this summer’s events have included an LA Tech BBQ and a Tech Summer Party.

Find them on: LinkedIn, Instagram, X


Expert Dojo Event Calendar

Expert Dojo is an active international early-stage startup accelerator in Southern California. They have an 8,500 SF venue three blocks away from the Santa Monica Pier with a rooftop overlooking 3rd Street Promenade. They host numerous events in LA and partner with many groups. Keep an eye out for their next event!

Find them on:LinkedIn, Instagram, X, YouTube


Just Go Grind Event Calendar

Just Go Grind, founded by Justin Gordon, is a platform that provides valuable insights and resources for aspiring entrepreneurs through interviews and articles featuring successful founders. In addition to its online content, Just Go Grind also hosts events that foster networking and learning opportunities within the entrepreneurial community. Some of their upcoming events include LA Startup Community Basketball, Pitch and Run LA, and LA Startup Community Coffee Meetup.

Find them on:LinkedIn, Instagram, X, YouTube


Techstars LA Event Calendar

Techstars Los Angeles is an accelerator program that supports early-stage startups through mentorship and investment, focusing on diverse and underrepresented founders across various sectors such as healthcare, fintech, and aerospace. They host many events like Demo Day, where startups pitch their businesses to a community of investors and mentors, fostering networking and collaboration within the entrepreneurial ecosystem.

Find them on:LinkedIn, Instagram, X, YouTube


TechWeek Los Angeles

LA Tech Week is an annual event in Los Angeles that showcases the region's burgeoning startup ecosystem through a series of diverse events, including networking opportunities, panel discussions, and workshops, aimed at fostering innovation and collaboration among tech enthusiasts and entrepreneurs. Scheduled for October 14-20, 2024, it features around 30 events, such as fireside chats with industry leaders and pitch competitions for early-stage startups, all designed to connect participants with investors and thought leaders in the tech community.

Find them on:X, YouTube


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