A new Fund for South L.A. Founders announced their first class of 20 Black and Latino entrepreneurs this week. The class represents a cross-section of tech-inspired entrepreneurs from bakers to social media purveyors. The cohort was selected from a pool of about 200 applicants, many of whom struggled during the pandemic era downturn.

The fund was created by PledgeLA to address racial inequity and the economic decimation among communities of color. The monies were awarded to rising, innovative entrepreneurs of color. Also, unlike some accelerators, the fund does not take equity in exchange.

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Lots happened in the L.A. tech and startup community this week. dot.LA chief host and correspondent Kelly O'Grady takes you through the key stories:

  • Sports: Women's Soccer Team Angel City Comes to L.A., Dodger Stadium Gets a Tech Makeover
  • Biotech: Curative Seeks to Expand Testing Beyond Drive-Thrus, Quantgene Aims to Cure Cancer with Data
  • Media: Snap Outperforms Investor Expectations, TikTok Makes Goodwill Gesture Towards Music Publishers and Creators
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Here are the latest updates on news affecting Los Angeles' startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for more.

Today:

  • Peacock Launches 24-Hour 'Road to Tokyo' Olympics Stream
  • Could Twitter's QAnon Crackdown Be Followed by Others?
  • 'The Interchange' Launches to Connect L.A. Startups to Potential Recruits
  • LA-Based CreatorIQ Marketing Platform Picks up $24M
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