"We preferred to stay under the radar until we had some real results and a track record."
Few in the clubby venture world know him, but the 28-year-old openly gay, Black venture capitalist raised nearly $1 billion in capital from a reclusive billionaire in Germany, whom he was connected to through a personal trainer. Senior Reporter Ben Bergman has the story.
Pinterest pays $20 million to end discrimination suit by its ex-COO.
Uber, DoorDash are raising prices in California to fund driver perks.
U.S. Homeland Security, thousands of businesses scramble after suspected Russian hack.
TikTok partners with Samsung to launch on TV sets.
Virgin Galactic announces its rocket failed to launch as intended on Saturday.
Reddit will buy TikTok competitor Dubsmash.
Facebook opens its Collab music video app to all users.
Amazon reveals its autonomous electric ridesharing vehicle, Zoox.
'The Office' will stream exclusively on Peacock in January.
California fines Uber $59M for failing to turn over assault data, and threatens to suspend it in the state.
Raising One of the Largest Funds in LA History
Jordan Fudge closed one of the largest venture funds in Los Angeles history — a total $800 million in assets. A majority of the raise will go towards the tech-focused Sinai Ventures and the rest to fund movies and television shows. Read more >>
FTC Probes TikTok, Snap, Amazon and Twitter
The Federal Trade Commission ordered TikTok, Snap, YouTube, Amazon and Twitter, along with four other social media and streaming sites to turn over information about how they collect and use information about users. Read more >>
Meet Snap’s Latest Game: Bitmoji Paint
Snap just made its largest push yet into social gaming with Bitmoji Paint. The new game lets millions of users collaboratively paint a pixelated canvas and marks an expansion of Snap's gaming division, which launched in 2019. Read more >>
Making Systems Engineering More Like Software Development
On this week's episode of the Just Go Grind podcast, hear from Prewitt Ridge CEO Steve Massey, on how he's trying to solve a digital engineering problem by building a tool that allows engineering teams to stay nimble for longer periods of time. Read more and listen >>
Strategy Session: 2020 Year in Review
Join us Wednesday, December 16th at 11:00 a.m. PT for the closing dot.LA Strategy Session of the year as we reflect on L.A.'s emerging tech trends, challenges and predictions for 2021. Two-time NBA All-Star, investor and entrepreneur Baron Davis, Valence co-founder & COO Emily Slade and Upfront Managing Partner Mark Suster join dot.LA Senior Finance Reporter Ben Bergman and Chief Host and Head of Video Kelly O'Grady. Register here - space is limited!