seven seven six

seven seven six

What should be the relationship between every startup and their investor?

Last week, dot.LA hosted a Summer Series event that featured a discussion with Justice Tention, chief operating officer at Clash App, and Travis Mason, an operating partner at Alexis Ohanian's Seven Seven Six.

The event was hosted by STAY OPEN, a Venice-based firm transforming unused commercial space into affordable, socially engaging POD hotels and co-living properties, and it was attended by an exclusive list of investors, startup founders and technologists.

Mason says that the relationship between an investor and a startup starts with the rudimentary questions of what drives passion.

"Why do you want to spend the next 10 years of your life building X thing?" said Mason. "The answer to that question can tell you a lot about someone can tell you a lot about their leadership, and tell you a lot about why they're doing what they're doing. So diligence for us is really taking a test on on the founder their skills and the team skills."

Tention adds that the creator space has changed dramatically, moving from a place where everybody is attached to a platform to where now large audiences follow creators to other platforms.

"We think it's really important to build a team that understands the lived experience of the users," Tention said about what every investor looks for in a startup.

Stay tuned for this and other events from dot.LA.

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.

Read more Show less

As the influencer economy grows, creators are looking for more ways to make money.

The Los Angeles-based Pearpop hopes to help them do just that. On Thursday, it got a $16 million boost to grow its influencer monetization platform.

Read more Show less
Trending