LA Venture: Operate's Carey Ransom, from Hardware Store to Venture Capital

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.
Carey Ransom

On this week's episode of the L.A. Venture Podcast, hear from Carey Ransom, the founder and president of Operate, an Orange Country-based venture studio.

Ransom is well known for his commitment to Orange County businesses and community — "a vibrant community," he says, where he works with startups in pre-seed and seed-stage startups.

Ransom began his career working for his family business, a hardware store in small town Indiana. He credits working with his father and grandfather for sparking his successes and business acumen.

Community was a huge focus of his family's business.

"What I have needed to learn about business, about people — whether that's employees or customers, partners, and even community, I feel like I learned growing up in that business," he said.

After attending business school, Ransom led a startup from inception to exit. This launched his career as an advisor and investor, where he is able to "collaborate on the company-building process."

His latest venture — Operate — is centered around innovation.

"We know they [founders] need a lot more than capital," he said. "And if we can find ones that we can love and we can support in a multifaceted way— that's really what Operate is all about."

Carey Ransom is the founder and president of Operate.

"Where we as a society in many respects have lost our way is by trying to boil things down to a single number, as opposed to accepting that the world is way more complex and complicated than that." — Carey Ransom

dot.LA Engagement Intern Colleen Tufts contributed to this post.

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A New Tide of LA Startups Is Tackling the National Childcare Crisis

Keerthi Vedantam

Keerthi Vedantam is a bioscience reporter at dot.LA. She cut her teeth covering everything from cloud computing to 5G in San Francisco and Seattle. Before she covered tech, Keerthi reported on tribal lands and congressional policy in Washington, D.C. Connect with her on Twitter, Clubhouse (@keerthivedantam) or Signal at 408-470-0776.

A New Tide of LA Startups Is Tackling the National Childcare Crisis
Courtesy of Brella

The pandemic exacerbated a problem that has been long bubbling in the U.S.: the childcare crisis.

According to a survey of people in science, technology, engineering and mathematics (STEM) careers conducted by the city’s WiSTEM Los Angeles program and shared exclusively with dot.LA, the pandemic exposed a slew of challenges across STEM fields. The survey—which consisted of 181 respondents from L.A.County and was conducted between March 2021 and 2022— involved respondents across medical fields, technical professions and science industries who shared the pandemic’s effects on their professional or education careers.

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MaC Venture Capital Raises $203M for Its Second Fund

Decerry Donato

Decerry Donato is dot.LA's Editorial Fellow. Prior to that, she was an editorial intern at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

MaC Venture Capital Raises $203M for Its Second Fund
Courtesy of MaC Venture Capital

While venture capital funding has taken a hit this year, that hasn’t stopped MaC Venture Capital from raising $203 million for its second fund.

The Los Angeles-based, Black-led VC firm said Monday that it had surpassed its initial $200 million goal for the fund, which dot.LA reported in January, over the span of seven months. MaC said it expects to invest the capital in up to 50 mostly seed-stage startups while remaining “sector-agnostic.”

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