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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- Catch Up With This Week's Startup News in Our Weekly Video Recap ›
- 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
Peacock Launches 24-Hour 'Road to Tokyo' Olympics Stream<img lazy-loadable="true" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzUwNTY1NC9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY1MjQ3MTgzMn0.NFt3LuCTrHqE2cH9nvKonUoz_DbozoAO5liNYPjl1C4/img.jpg?width=980" id="e745b" class="rm-shortcode" data-rm-shortcode-id="696cd780a21970cb2358d4e9a7b6af8f" data-rm-shortcode-name="rebelmouse-image" data-width="4032" data-height="3024" />multicolored signagePhoto by Kyle Dias on Unsplash<p>As NBCUniversal prepared for its entry into the streaming wars, it looked to the 2020 Summer Olympics as a valuable tool to build interest and win over viewers. Because the company owns the rights to broadcast the games, it planned to use them to give what would ultimately be called Peacock some wind beneath its wings.</p><p>The coronavirus pandemic took the air out of those plans, but with the Tokyo Olympics having moved to the summer of 2021, the streaming service has adjusted. Peacock has launched a new 24/7 stream devoted to the games, which the service announced in a statement on Wednesday.<br></p><p>With the new "Road to Tokyo" channel, Peacock viewers will have access to continuous content "dedicated to Olympic and Paralympic classic moments, documentaries and studio programming," the statement said. This "pop-up channel" is one of Peacock's so-called linear feeds, where users tune into the channel but don't choose what they watch. Other channels include feeds centered around Saturday Night Live, The Office and Keeping Up with the Kardashians.</p><p>Peacock also announced it will feature a collection of NBC Olympics documentaries on its app, and produce three exclusive new specials "to prepare fans for what could be the most meaningful Olympics ever."</p><p>The games are now scheduled to begin on June 23, 2021. Although their delay has hindered NBCU's ability to market Peacock, the company is still turning to them as a tool to attract subscribers and goose excitement for its prized assets. </p>
Could Twitter's QAnon Crackdown Be Followed by Others?<img lazy-loadable="true" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzUwNTc1NS9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY3MjM1NjYwOX0.Zyq0NJ8uWjMAe6C2tSSVjHS2kyGCciANAC0V6BRy1UI/img.jpg?width=980" id="59f49" class="rm-shortcode" data-rm-shortcode-id="cafcc10c1b76c02f11477fa327eef04b" data-rm-shortcode-name="rebelmouse-image" data-width="1024" data-height="1024" />
'The Interchange' Launches to Connect L.A. Startups to Potential Recruits<img lazy-loadable="true" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzUwNTg0Ni9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTYxOTI1NzMzOX0.30m8Kzl01kgDtJxLbqUdUha_kpPEXr3nDpuwAvzt6iM/img.png?width=980" id="98b5f" class="rm-shortcode" data-rm-shortcode-id="5ead9a4844f7366f20d40e65c06fb5f0" data-rm-shortcode-name="rebelmouse-image" data-width="1734" data-height="1144" /><p>VC firm Crosscut announced Wednesday the launch of a new, free platform for L.A.-based jobseekers, built in partnership with PledgeLA and the Annenberg Foundation.</p><p>The listings of L.A. startup jobs is called the "<a href="https://interchange.la/" target="_blank">Interchange</a>." It aggregates startup jobs across the city in an effort to make early-stage tech opportunities more open and accessible.<br></p><p><a href="https://pledgela.org/" target="_blank">PledgeLA</a> is an initiative sponsored by the Annenberg Foundation and the mayor of Los Angeles to promote civic engagement and diversity within the tech community. Its 222 signatories span L.A.'s venture capital and tech community, all of whom have pledged to work toward improving equity and transparent reporting on their diversity efforts.</p><p>The Interchange uses the Monday.vc platform, which is now called Getro, to aggregate regional startup jobs rather than relying on companies to post opportunities on job boards or LinkedIn, said Calvin Selth, AnnenbergTech's program lead. The platform automatically scrapes each company's career page daily to make sure its listings are up to date.</p><p><a href="https://dot.la/pledgelas-2nd-annual-survey-finds-women-non-whites-still-lack-equity-representation-2646415502.html" target="_blank">One result from PledgeLA's 2nd annual survey</a> found that underrepresented minorities were less likely to get their jobs through referrals. Interchange is an attempt to offer "a place to direct local underrepresented jobseekers to startup opportunities here in LA," Selth said. "We felt like this was a way to increase transparency about available roles while also helping startups that need build more diverse talent pipelines."<br></p><p>The platform focuses on startups that have fewer than 1,000 employees, is primarily a tech company, headquartered or has a technical team in L.A., makes more than $1 million in annual revenue or raises more than $1 million in venture capital, was founded after 2010 and is privately held, Selth said.</p><p>Crosscut head of platform, Nick Kim, said that early-stage tech startups are often cash constrained so post jobs on their own boards or use their networks to fill the top of hiring funnels.</p><p>"For marginalized or underrepresented people looking for high growth opportunities in tech, this means they might never see the best jobs before they're filled," Kim said. "Our goal is for all communities in LA, especially those who are not well represented in tech, to have access to the opportunities tech startups are hiring for. We hope that Interchange becomes a starting point for the promising talent that might have previously had less access to opportunity."<br></p>
LA-Based CreatorIQ Marketing Platform Picks up $24M<img lazy-loadable="true" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzUwNTg4My9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY1MTM5NTk0NX0.d9h2-8Rc2j9-fOg2CTOMA1FD6LXW4eY0HRcExYZ--pk/img.jpg?width=980" id="a5906" class="rm-shortcode" data-rm-shortcode-id="661f98f9a85f00ad7d2a07765812beac" data-rm-shortcode-name="rebelmouse-image" data-width="890" data-height="500" /><p>CreatorIQ is expanding their cloud after announcing today that they raised $24 million in a series C round.</p><p>The investment was led by Kayne Partners Fund with contributions from Kayne Anderson Capital Advisors, L.P., TVC Capital and Unilever Ventures.</p><p>The Los Angeles-based marketing software company was founded in 2014 and recently named a leader in the "Forrester New Wave: Influencer Marketing Solutions Report." It's now among Forrester's list of rapidly growing software programs.</p> <p>CVS, Disney, H&M, Mattel, Salesforce, Sephora and Unilever are some of the many well-known companies that already use CreatorIQ's platform to collect and analyze their marketing data for discovery, workflow and privacy.</p><p>The $24 million raised will allow the company to enter new partnerships with Collectively, Digital Brand Architects, Everywhere Agency, ShopStyle Collective and Sway Group. The funds will also allow CreatorIQ to expand its current data offerings and further develop elements of their system's user experience, data science and paid media components.</p><p>"As Marketing leaders accelerate their transformation strategies to close their in-house gaps across their marketing capabilities, they are uniting best-in-class technologies with leading data providers," said Igor Vaks, CreatorIQ's founder and CEO in a press release.</p><p>The company will also soon introduce a new learning machine it said will use analytics to power visual insights and, in turn, increase brand safety, content prediction, and recommendations. Called One60, the program will allow CreatorIQ's companies to host their own technology and data in one place.</p>
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