clash app

Before there was TikTok, the long since defunct Vine was the short social media platform. Now one of Vine's founders and one of its creators are pushing to build a new video app to help creators make money easier than they can on TikTok or any of the other crowded social media apps.

Clash rolled out new features on Tuesday that let anyone make money from videos regardless of follower count – the strategy is a direct response to companies like Instagram and YouTube, where creators have to be "verified" to earn any form of cash.

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What should be the relationship between every startup and their investor?

Last week, dot.LA hosted a Summer Series event that featured a discussion with Justice Tention, chief operating officer at Clash App, and Travis Mason, an operating partner at Alexis Ohanian's Seven Seven Six.

The event was hosted by STAY OPEN, a Venice-based firm transforming unused commercial space into affordable, socially engaging POD hotels and co-living properties, and it was attended by an exclusive list of investors, startup founders and technologists.

Mason says that the relationship between an investor and a startup starts with the rudimentary questions of what drives passion.

"Why do you want to spend the next 10 years of your life building X thing?" said Mason. "The answer to that question can tell you a lot about someone can tell you a lot about their leadership, and tell you a lot about why they're doing what they're doing. So diligence for us is really taking a test on on the founder their skills and the team skills."

Tention adds that the creator space has changed dramatically, moving from a place where everybody is attached to a platform to where now large audiences follow creators to other platforms.

"We think it's really important to build a team that understands the lived experience of the users," Tention said about what every investor looks for in a startup.

Stay tuned for this and other events from dot.LA.

Los Angeles is home to around 5,000 startups, the majority of which are in their young, formative years.

Which of those thousands are poised for a breakout in 2021? We asked dozens of L.A.'s top VCs to weigh in. We wanted to know which companies they would have invested in if they could go back and do it all over again.

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