crosscut ventures

crosscut ventures

Rick Smith is a pillar in the L.A. tech community. He is the co-founder of Crosscut Ventures and a founding member of the PledgeLA program in Los Angeles.

Most recently, he joined the LA Venture podcast to share some of his early experiences as a venture capitalist and what's next for him and Crosscut.

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An L.A. security startup that has already signed on clients in tech, gaming, cannabis and entertainment is coming out of stealth mode just as the deadly assault on the U.S. Capitol and this week's presidential inauguration has brought safety to the forefront.

HiveWatch provides companies with a central platform that uses multiple sensors across buildings to help better respond to physical security threats.

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Proptech startup Pacaso emerged from stealth mode Thursday, aiming to make it easier for a larger swath of the population to own a second home, or at least a portion of one.

The company announced a $17 million seed round led by venture capital firm Maveron, with participation from Global Founders Capital, L.A.'s Crosscut and individual investors such as former Starbucks CEO Howard Schultz, real estate coach Tom Ferry, former Zillow executive Greg Schwartz, and Amazon CEO of Consumer Worldwide Jeff Wilke. Pacaso also raised $250 million in debt financing to purchase homes.

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