Catch Up With This Week's Startup News With Our Video Recap

Lots happened in the L.A. tech and startup community this week as the city continues to reopen. In a rundown of the top headlines, dot.LA Chief Host and Correspondent Kelly O'Grady takes you through the key stories:

  • Diversity in Tech: New Series on Diversity in Venture Capital, Roundtable with Leaders from Upfront Ventures & Snap Inc.
  • ChowNow Seizes the Moment as Food Delivery Apps Struggle
  • Mobile Storytelling App Whatifi Focuses on Choose-Your-Own Adventure Content
  • dot.LA Dives In: CEO & Founder of Struct Club, Amira Polack, Discusses Taking her Fitness Startup Direct-To-Consumer


    Weekly Recap: Diversity in Tech, Mobile App Whatifi Redefines Storytelling & Food Delivery Apps Boom www.youtube.com

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    Rapper and producer Pharrell Williams released "Entrepreneur" with Jay-Z earlier this summer, a song that became an anthem for Black ambition. Now, Williams is launching an incubator to put money behind his message.

    Called Black Ambition, the nonprofit aims to invest in Black and Latino startup founders, and it's beginning by creating two prize competitions set to close in July 2021. The effort backed by Adidas, Chanel and philanthropic organizations including The Rockefeller Foundation and the Chan Zuckerberg Foundation. Silicon Valley startup investor Ron Conway and Buzzfeed founder and CEO Jonah Peretti also contributed.

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    On this week's episode of the LA Venture podcast, hear from Lightspeed Ventures' partner Nicole Quinn. The iconic Silicon Valley fund has $10 billion in assets under management. Quinn focuses on early-stage consumer internet and fintech companies, with a portfolio that includes Calm, Goop, Lady Gaga's House, Rothy's, Zola and Girl Boss.

    Quinn says "you can't be called Lightspeed and move slowly" and explains how they can get a term sheet done in two to three days. She also shares lots of insights on building an enduring brand that are applicable whether you're in the consumer space or creating an insurance company.

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    As the pandemic devastates small businesses and creative freelancers, Los Angeles is hiring designers and artists in a novel bid to help the local economy recover.

    Mayor Eric Garcetti last week launched a new program of online tools for small businesses, along with a plan to hire creative professionals to match with owners impacted by the pandemic. Graphic designers, artists and others will be given a $500 city grant in exchange for services to brick-and-mortar businesses that have been harmed by the stay-at-home orders.

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