andreessen horowitz

andreessen horowitz

Photo by Cedric Letsch on Unsplash

Venture capital firm Andreessen Horowitz grabbed headlines this month by firmly planting its flag in Los Angeles. The VC—also known as a16z—opened an office in Santa Monica and helped organize L.A. Tech Week, a seven-day series of events that also served as the firm’s coming out party here.

But a16z is not the only VC firm expanding its presence in L.A., even if it’s been more public about it. Sony Ventures, the investment arm of the Japanese entertainment giant, held an informal office opening in Culver City this month to kick off L.A. Tech Week. Other firms and funds, such as Bling Capital, Anthemis and Expa, have quietly added employees based in the area or seen team members move here for personal reasons.

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After getting to know one another, Topography Health’s co-founders realized that they had all witnessed family members try—sometimes unsuccessfully—to access clinical trials for emerging drugs addressing treatment-resistant medical issues.

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The livestream shopping craze continues.

Los Angeles-based Whatnot, an ecommerce app for collectibles and card games, has raised a $20 million Series A round led by Andreessen Horowitz's Connie Chan.

Whatnot's platform — like other livestream apps on the market — allows sellers to demo products and make sales online. The company specializes in collectibles like Pokemon cards and Funko Pops, and uses real-time video to "capture the excitement of the in-person collector experience," Whatnot said in a press release.

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