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As the world emerged from the pandemic earlier this year, the well-off didn’t hold back on bookings at AvantStay Inc.’s high-end homes for family retreats or celebrating with friends.

While traditional hotel chains were decimated by a precipitous drop off in overnight stays, the West Hollywood-based staycation business is seeing booming times in many of its far-flung, short-term rental spots that are short drives from big metropolitan areas or in hidden Shangri-Las.

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Photo by Sam Blake/ dot.LA

A new billboard sloganeering "stranger than fiction" appeared on Sunset Boulevard in Silver Lake this week, one of several across Los Angeles advertising Documentary Plus (styled Documentary+), a new free streaming service that launched Thursday.

With already-released films from directors Spike Jonze, Kathryn Bigelow and Werner Herzog, Documentary Plus offers exactly what it sounds like, in both long- and short-form.

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Bracket Capital, a Beverly Hills-based investment management firm focused on acquiring secondary shares in later-stage tech companies like SpaceX and Bird, announced Wednesday it has raised nearly half a billion dollars in equity.

The firm will split the cash between two funds, a traditional $150 million fund and another $350 million one that will co-invest alongside other firms.

Rather than buying stakes directly in startups, the firm said 80% of its shares come from snapping up existing shares. Those often come from early employees – tired of waiting for their company to go public – who are looking to cash out some of their equity so they can buy a house or pay for tuition.

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