media

media

Image from Wave Sports + Entertainment

Sports media startup Wave Sports and Entertainment (WSE) has laid off 56 people—roughly one-third of its staff—as worsening economic conditions continue to hit tech startups.

The Santa Monica-based company began laying off workers last week, the company confirmed to dot.LA. A WSE spokesperson said the “restructuring” will allow the firm to focus on “core areas of expertise” like storytelling and league partnerships, with most of the eliminated roles coming from “supporting functions.” The layoffs, first reported by Insider, leave the company with 110 employees.

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Religion of Sports, the sports media production company co-founded by NFL legends Tom Brady and Michael Strahan, wants to expand its realm of worship beyond athletics with $50 million in new funding.

The Santa Monica-based company announced the Series B on Monday, as well as plans to expand its content beyond sports and into the realms of entertainment, business and music. Shamrock Capital led the funding round and was joined by Elysian Park Ventures (the venture arm of the Los Angeles Dodgers’ ownership group) and Cerro Capital.

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Photo by Matthew Peters on Unsplash

On this week's episode of Office Hours, we're getting a little meta, but for a celebratory reason. It's been a year since I co-founded dot.LA, so we're featuring a conversation I had with my dot.LA co-founder and CEO, Sam Adams.

I couldn't be more proud of this nimble media startup we launched just a couple of months before the pandemic hit and upended us all.

Today, hear about how dot.LA's mission both celebrates and holds accountable the burgeoning Los Angeles tech and startup scene, how DEI is baked into our mission — and why Sam and I, not surprisingly, strongly believe L.A. is the place for entrepreneurs to dig roots.

"Our editorial ethos is — even though as a whole, our mission is meant to be positive and it is meant to help L.A. grow into the next great startup hub globally and catalyze all of this growth — the way that the journalism part of the operation most effectively does that is by not being afraid to point out things that are negative." — Sam Adams
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