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XSnap Pledges $3.5M to Fund Augmented Reality Creators to Kick Off Its Lens Fest
Sam primarily covers entertainment and media for dot.LA. Previously he was Marjorie Deane Fellow at The Economist, where he wrote for the business and finance sections of the print edition. He has also worked at the XPRIZE Foundation, U.S. Government Accountability Office, KCRW, and MLB Advanced Media (now Disney Streaming Services). He holds an MBA from UCLA Anderson, an MPP from UCLA Luskin and a BA in History from University of Michigan. Email him at samblake@dot.LA and find him on Twitter @hisamblake

Snap's third annual Lens Fest kicked off Tuesday with a multi-million-dollar bang.
The three-day event convenes Snap's community of external lens creators who use Snap's Lens Studio development toolkit to design augmented reality (AR) filters – which Snap calls lenses – for Snapchat users. That community will be the beneficiary of Snap's announced $3.5 million investment, which will be used to "continue Snap's commitment to funding opportunities for Lens Creators." The company promised to release more details early next year.
This year's Lens Fest is the only to be held virtually rather than at Snap's Santa Monica office and the first that is open to the general public, rather than being invite-only.
To Clay Weishaar, an L.A.-based visual effects artist, that's a welcome change. Weishaar began tinkering around with Lens Studio shortly after it launched about three years ago, while he was working under film director Ridley Scott as part of a writers' room envisioning science-fiction concepts. During his lunch hour, Weishaar would use Lens Studio to make some of those ideas more tangible. For him, it was an eye-opening experience about the power of AR.
"Working in AR is a direct line from your imagination into the physical world," Weishaar said.
He uploaded some of his creations onto Snap but didn't think much of it until a company representative called him out of the blue and told him one of his Lenses was trending.
"I didn't even know what a 'lens' was. I was like, 'trending?'" he recounted. "I remember talking to her and learning there's this big community around lenses and the work that I create can be shared with millions of people. It was all completely new to me. From that moment on I was hooked in terms of creating lenses."
He joined Snap's Lens Creator program and accepted an invitation to the company's inaugural Lens Fest.
"I was blown away," he recalls. "As a creator in L.A., you can often feel like you're in a silo in your own world, especially in AR. What Snap did was – and I still don't know how they did this to this day because it is so authentic – they created this global community of creators from all over the world, from Germany, Japan, all over, and started getting people together who are excited about AR."
Lens Fest - Snap's Global AR Festival on Dec 8-10
The Benefits of Being a Snapchat Lens Creator
Being part of Snap's official Lens Creator community, which counts tens of thousands members who've collectively designed over 1.5 million lenses, offers several benefits to creators like Weishaar.
He says he personally doesn't focus on making money directly from his lenses but appreciates the early access that he gets to Snap's AR features. It gives him a creative leg up and, he says, enables him to design work he's proud of as an artist, like a lens that transforms L.A.'s iconic Chinese Theatre on Hollywood Boulevard into a structure with a hot dog pagoda, ice cream cone turrets, and a donut gong.
It's also helped Weishaar build a 297,000-strong global following on Instagram, which in turn has led to his designing lenses for brands. He's formed his own AR design studio, Wrld Space, and his early access to Snap's latest tools enables him to offer a valuable service to companies looking to reach Snap's audience.
"I can be working with a brand and know early what's coming out, and once it's out I can create a lens for them that uses technology that separates them from other brands," he said.
Several other L.A.-based AR studios count themselves among Snap's Lens Creator program, including Blnk and Paper Triangles.
How Snap Benefits By Keeping Lens Creators Happy
For Snap, providing lens-building tools to outsiders isn't some altruistic giveaway.
"It's low-cost, differentiated content," said Laura Martin, a media analyst at boutique investment bank Needham & Co.
Low-cost content is obviously attractive to a company. But it's the differentiation – lenses are apparently harder to copy than Snap's hallmark disappearing-messages feature – that helps Snap earn money through its lenses, by attracting brands.
"You can only do a lens on Snap," Martin said. That is, brands who want to do a sponsored lens can't just go to any social platform. And Snap's readily accessible pool of lens creators makes that decision easier.
Having a trove of fun lenses also helps Snap attract and retain users. The company claimed on Tuesday that lenses made by its creator community have been viewed more than 1 trillion times. Snap has previously said that over 75% of its some 249 million daily active users use lenses every day.
That engagement drives up advertising revenues and decreases churn.
"If you keep finding cool lenses, you're more likely to go back tomorrow and the next day," Martin said. "It keeps people in the Snap ecosystem longer."
That's particularly attractive to brands who want to reach a young audience, as Snap claims to reach 90% of 13-24 year-olds in the U.S.
Although revenue from sponsored lenses isn't as substantial as the ads Snap inserts into its platform, Martin said lens campaigns can serve as a gateway for brands to get to know Snap , and can open doors to future revenue-generating opportunities.
"It attracts them in a differentiated way," she said. "They have to talk to Snap about doing this because they're the only one that does it. And now Snap has them in a dialogue."
In that way, lenses play a key role in Snap's ongoing quest to reach profitability.
"They sit in a really nice intersection of creative and commercial," Martin said.
Accelerating AR
Events like the Lens Summit can have more impact, however, than filling Snap's coffers or inspiring more quirky creativity. To Weishaar, expanding knowledge of how to create AR offers potential for social good, too.
He recalls his travels, on Snap's dime, to MIT and Stanford campuses to facilitate hackathons using the company's AR tools, alongside its machine-learning design kit. At one event, Weishaar said he was moved by a group of students who used the tools to design a camera program that could identify spine curvature in elderly people that could signal a high risk of falling. Catching that early and intervening could save lives.
"It's so exciting to see this technology go out into the hands of more people," Weishaar said, "because they start solving real-world problems and start figuring out ways to better humanity."
Snap Lens Fest runs from December 8th through 10th. You can still register here.
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Sam Blake primarily covers media and entertainment for dot.LA. Find him on Twitter @hisamblake and email him at samblake@dot.LA
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Sam primarily covers entertainment and media for dot.LA. Previously he was Marjorie Deane Fellow at The Economist, where he wrote for the business and finance sections of the print edition. He has also worked at the XPRIZE Foundation, U.S. Government Accountability Office, KCRW, and MLB Advanced Media (now Disney Streaming Services). He holds an MBA from UCLA Anderson, an MPP from UCLA Luskin and a BA in History from University of Michigan. Email him at samblake@dot.LA and find him on Twitter @hisamblake
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Plus Capital Partner Amanda Groves on Celebrity Equity Investments
On this episode of the L.A. Venture podcast, Amanda Groves talks about how PLUS Capital advises celebrity investors and why more high-profile individuals are choosing to invest instead of endorse.
As a partner at PLUS, Groves works with over 70 artists and athletes, helping to guide their investment strategies. PLUS advises their talent roster to combine their financial capital with their social capital and focus on five investment areas: the future of work, future of education, health and wellness, the conscious consumer and sustainability.
“The idea is if we can leverage these people who have incredible audiences—and influence over that audience—in the world of venture capital, you'd be able to help make those businesses move forward faster,” Groves said.
PLUS works to create celebrity partnerships by identifying each client’s passions and finding companies that align with them, Groves said. From there, the venture firm can reach out to prospective partners from its many contacts and can help evaluate businesses that approach its clients. Recently, PLUS paired actress Nina Dobrev with the candy company SmartSweets after she had told them about her love for its snacks.
Celebrity entrepreneurship has shifted quite a bit in recent years, Groves said. While celebrities are paid for endorsements, Groves said investing allows them to gain equity from the growth of companies that benefit from their work.
“Like in movies, for example, where they're earning a residual along the way, they thought, ‘You know, if we're going to partner with these brands and create a tremendous amount of enterprise value, we should be able to capture some of the upside that we're generating, too’,” she said.
Partnering in this way also allows her clients to work with a wider range of brands, including small brands that often can’t afford to spend millions on endorsements. Investing allows high-profile individuals to represent brands they care about, Groves said.
“The last piece of the puzzle was a drive towards authenticity,” Groves said. “A lot of these high-profile artists and athletes are not interested, once they've achieved some sort of level of success, in partnering with brands that they don't personally align with.”
Hear the full episode by clicking on the playhead above, and listen to LA Venture on Apple Podcasts, Stitcher, Spotify or wherever you get your podcasts.
dot.LA Editorial Intern Kristin Snyder contributed to this post.
Rivian Stock Roller Coaster Continues as Amazon Van Delivery Faces Delays
David Shultz is a freelance writer who lives in Santa Barbara, California. His writing has appeared in The Atlantic, Outside and Nautilus, among other publications.
Rivian’s stock lost 7% yesterday on the back of news that the company could face delays in fulfilling Amazon’s order for a fleet of electric delivery vans due to legal issues with a supplier. The electric vehicle maker is suing Commercial Vehicle Group (CVG) over a pricing dispute related to the seats that the supplier promised, according to the Wall Street Journal.
The legal issue could mean that Amazon may not receive their electric vans on time. The dispute hinges on whether or not Commercial Vehicle Group is allowed to raise the prices of its seats after Rivian made engineering and design changes to the original version. Rivian says the price hike from CVG violates the supply contract. CVG denies the claim.
Regardless, the dispute could hamper Rivian’s ability to deliver electric vans to Amazon on time. The ecommerce/streaming/cloud computing/AI megacorporation controls an 18% stake in Rivian as one of the company’s largest early investors. Amazon has previously said it hopes to buy 100,000 delivery vehicles from Rivian by 2030.
The stock plunge marked another wild turn for the EV manufacturer. Last week, Rivian shares dropped 21% on Monday after Ford, another early investor, announced its intent to sell 8 million shares. The next few days saw even further declines as virtually the entire market saw massive losses, but then Rivian rallied partially on the back of their earnings report on Wednesday, gaining 28% back by Friday. Then came yesterday’s 7% slide. Today the stock is up another 10%.
Hold on tight, who knows where we’re going next.
David Shultz is a freelance writer who lives in Santa Barbara, California. His writing has appeared in The Atlantic, Outside and Nautilus, among other publications.
Snapchat’s Attempt to Protect Young Users From Third-Party Apps Falls Short
Kristin Snyder is an editorial intern for dot.la. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.
Some Snap Kit platform developers have skirted guidelines meant to make the app safer for children.
A new report from TechCrunch released Tuesday found that some third-party apps that connect to users’ Snap accounts have not been updated according to new guidelines announced in March. The restrictions, which target anonymous messaging and friend-finding apps, are meant to increase child safety. However, the investigation found a number of apps either ignore the new regulations or falsely claim to be integrated with Snapchat.
The Santa Monica-based social media company announced the changes after facing two separate lawsuits related to teen suicide allegedly caused by the app. Over 1,500 developers integrate Snap features like the camera and Bitmojis. Snap originally claimed the update would not affect many apps.
Developers had 30 days to revise their software, but the investigation found that some apps, such as the anonymous Q&A app Sendit, were granted an extension. Others blatantly avoided the changes—the anonymous messaging app HMU, which is now meant for adult users, is still available to users "9+" in the App Store. Certain apps that have been banned from Snap, like Intext, still advertise Snapchat integration.
“First and foremost, we put the privacy and safety of our community first and expect the products built by our developer community to adhere to that standard in addition to bringing fun and positive experiences to people,” Director of Platform Partnerships Alston Cheek told TechCrunch.
The news is a blow to Snap’s recent efforts to cast itself as a responsible social media platform The company recently announced Colleen DeCourcy would take over as the company’s new chief creative officer and CEO Evan Spiegel to recently made a a generous personal donation to graduates of Otis College of Art and Design. The social media company currently faces a lawsuit from a teenager who claims it has not done enough to protect minors from sexual exploitation. In April, 44 attorney generals sent a letter to Snap and TikTok urging the companies to strengthen parental controls.
Lawmakers are considering new policies that would hold social media companies accountable for the content on their platforms. One such bill would require social media companies to share data with independent researchers.
Snapchat recently rolled out augmented reality shopping features and influencer-led original content to grow its younger base of users.
Snap Inc., Snapchat's parent company, is an investor in dot.LA.
Kristin Snyder is an editorial intern for dot.la. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.