It seems like everyone wants to get their hands on David Dobrik's new photo app Dispo — investors included.
Days after launching a beta version of the platform, the Los Angeles startup was also in talks with investors including Andressen Horowitz, Sequoia Capital and Benchmark to raise a Series A round likely to value Dispo at $100 million, if not more, a source familiar with the talks confirmed. The news was first reported by The Information.
- David Dobrik's Dispo App Intros Retro Camera Waiting Periods - dot ... ›
- David Dobrik's Dispo Camera App Raises $20 Million - dot.LA ›
On this week's episode of Office Hours, you'll hear from VC legend Bill Gurley, a general partner at Benchmark. Based in Silicon Valley, Bill is famously known for investing early in trailblazing companies including Uber, GrubHub and Zillow — the company I co-founded and led for 10 years.
This is the first time I've had a guest on twice, and that's because Bill is so full of dense, rich insight when it comes to startup culture, tech and investing — dot.LA's sweet spot.
- Bill Gurley Thinks LA Tech Has Been 'Too Transactional' - dot.LA ›
- Cameo CEO Steven Galanis on How He Built His Business - dot.LA ›
- Beauty Counter's Gregg Renfrew Sees Makeup as a Movement - dot.LA ›
- Mattel CEO Ynon Kreiz on the Power of Brands and Barbie - dot.LA ›
- Mattel CEO Ynon Kreiz on the Power of Brands and Barbie - dot.LA ›
- Going Public Show Was Built for the Retail Investor Uprising - dot.LA ›
- GOAT Co-founder Eddy Lu on Building an Ecommerce Brand - dot.LA ›
- Daina Trout, Health-Ade Kombucha CEO, on How to Pivot - dot.LA ›
- Pacaso's CEO on Making Second Home Ownership More Accessible - dot.LA ›
The legendary Silicon Valley investor Bill Gurley thinks Los Angeles tech founders should be more focused on growing their business over the long term instead of selling to larger competitors too quickly.
"I think [they've] historically been a little too transactional, which I blame on Hollywood," Gurley said, speaking in a keynote session on the second day of the dot.LA Summit. "You tended to have more M&A outcomes than IPOs."
dot.LA Summit -- Bill Gurley & Spencer Rascoff www.youtube.com
- Bill Gurley, General Partner at Benchmark Capital - dot.LA ›
- Imagine Impact Creative Accelerator Gets Benchmark Funding - dot.LA ›
- The dot.LA 2020 Summit Takes Place October 27th and 28th - dot.LA ›
- Bill Gurley On Startups,Venture Capital And Scaling - dot.LA ›