downtown la

downtown la

Photo by Eric Zassenhaus

A new creator economy startup wants to build a “metaverse hub” in the heart of Downtown Los Angeles.

On Tuesday, New York-based startup Emcee announced plans to buy the 1.1-million-square-foot Broadway Trade Center, a historic building in Downtown L.A. that once housed the city’s first department store but has been vacant for nearly a decade. Emcee says it wants to turn the building into the “Emcee Studio,” a tech hub and shopping center complementing its ecommerce and creator economy platform.

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Silicon Valley-based Plug and Play is coming to downtown L.A.

The organization, known for its accelerator programs and status as a VC firm, held an event announcing the news on Tuesday at 1010 Wilshire Blvd, where its newest cohort will be based.

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The Los Angeles-based disposable camera app Dispo, whose co-founder stepped down after one of his crew members was accused of sexual assault, confirmed it closed a Series A.

The boost for an undisclosed amount is a comeback for the startup marred by the scandal. Alexis Ohanian's Seven Seven Six, Unshackled Ventures, Endeavor, 35 Ventures and F9 Strategies led the round.

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