LATech.org Launches 1000 Internships Initiative

Kiara Rodriguez
Kiara is an editorial intern at dot.LA. She has interned in communications at KCRW, assisted with economics research at Brookings Institution,and reported for local publications in New Jersey. Before joining dot.LA, she was a Yenching Scholar at Beijing University, researching the politics of international communications and leading the Yenching Academy’s podcast. She graduated from Princeton University in 2019 with a B.A. from the School of Public and International Affairs.
LATech.org Launches 1000 Internships Initiative

Internships can open many doors, but those in tech can be especially tough to land and not always the most welcoming environment for women and people of color.


The nonprofit LATech.org launched an initiative with county supervisor Holly Mitchell this week to provide 1,000 students of color paid tech internships with companies like Snap Inc, ride sharing service HopSkipDrive and Cornerstone OnDemand.

The idea is not only to make the process more accessible for students, but also to encourage a pipeline of talent in a lucrative industry traditionally dominated by white men.

After the murder of George Floyd, LATech.org founder and former co-chair and founder of talent management system Cornerstone OnDemand Adam Miller thought it was "necessary" for him to use all his resources to help the most vulnerable in his community.

So far, fifty companies are participating, with each taking at least two interns at a time.

In the long run, it aims to open up a path to prosperity and chip away at deep-seated inequities.

"The average person who enters work in tech, relative to most in other fields, will, over the course of their lifetime, earn $2 million more," said Miller.

Entering an internship can be intimidating for anyone, and even more so when you are the only person of your race or ethnicity. Miller believes that by pairing interns up, this will provide a community and lessen the sense of being "the diverse intern." He also hopes that initiatives like this can help students realize that you don't need to be an engineer to work in tech in Los Angeles -- internships offered will span: design, marketing, product development and sales in addition to engineering.

The cost of the fellowship for the first 100 interns from South LA will be split between Mitchell's office and the companies.

Kristen Mae Hernandez, a senior at California State University Long Beach who is participating in the program said that as a woman of color she felt like an "other" in the predominantly white field of STEM.

"Even when I was accepted into [California State University] Long Beach, I faced a lot of prejudice. I had a lot of impostor syndrome," said Hernandez.

LATech.org will supplement the learning experience with multiple networking events as well as career counseling sessions. There will be six sessions over the span of the next two years. Every two weeks, a separate cohort will come in with around 20-30 students, all of whom range from 16 to 24.

Miller sees this as an opportunity for tech companies to diversify their ranks.

"Talent comes in all shapes and sizes, and the tech industry has a very tight labor market. The reality is that they're only looking at a portion of the pool. There is tremendous opportunity," said Miller.

The company aims to expand its roster of participants, and eventually have up to 100 companies involved.

"This is the largest such initiative in any city," said Miller. "So, if this works we hope to inspire other tech hubs to do the same."

kiara@dot.la

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LA Tech ‘Moves’: LeaseLock, Visgenx, PlayVS and Pressed Juicery Gains New CEOs

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

LA Tech ‘Moves’: LeaseLock, Visgenx, PlayVS and Pressed Juicery Gains New CEOs
LA Tech ‘Moves’:

“Moves,” our roundup of job changes in L.A. tech, is presented by Interchange.LA, dot.LA's recruiting and career platform connecting Southern California's most exciting companies with top tech talent. Create a free Interchange.LA profile here—and if you're looking for ways to supercharge your recruiting efforts, find out more about Interchange.LA's white-glove recruiting service by emailing Sharmineh O’Farrill Lewis (sharmineh@dot.la). Please send job changes and personnel moves to moves@dot.la.

***

LeaseLock, a lease insurance and financial technology provider for the rental housing industry named Janine Steiner Jovanovic as chief executive officer. Prior to this role, Steiner Jovanovic served as the former EVP of Asset Optimization at RealPage.

Esports platform PlayVS hired EverFi co-founder and seasoned business leader Jon Chapman as the company’s chief executive officer.

Biotechnology company Visgenx appointed William Pedranti, J.D. as chief executive officer. Before joining, Mr. Pedranti was a partner with PENG Life Science Ventures.

Pressed Juicery, the leading cold-pressed juice and functional wellness brand welcomed Justin Nedelman as chief executive officer. His prior roles include chief real estate officer of FAT Brands Inc. and co-founder of Eureka! Restaurant Group.

Michael G. Vicari joined liquid biopsy company Nucleix as chief commercial officer. Vicari served as senior vice president of Sales at GRAIL, Inc.

Full-service performance marketing agency Allied Global Marketing promoted Erin Corbett to executive vice president of global partnership and marketing. Prior to joining Allied, Corbett's experience included senior marketing roles at Disney, Warner Bros. Studios, Harrah's Entertainment and Imagi Animation Studios.

Nuvve, a vehicle-to-grid technology company tapped student transportation and automotive sales and marketing executive David Bercik to lead the K-12 student transportation division.

This Week in ‘Raises’: Curri Scoops Up $42M, Mosaic Scores $26M

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

Raises
Image by Joshua Letona

A local logistics platform raised fresh funding to put toward product development, infrastructure and sales and marketing initiatives, while a San Diego-based fintech company closed its Series C funding round to expand its investment in AI which will empower high-growth SMB and mid-market finance leaders.

***

Venture Capital

Curri, a Ventura-based logistics platform, raised a $42 million Series B funding round led by Bessemer Venture Partners.

San Diego-based financial platform Mosaic raised a $26 million Series C funding round led by OMERS Ventures.

AHARA, a Los Angeles-based startup focused on providing personalized nutrition suggestions, raised a $10.25 million seed funding round led by Greycroft.

Per an SEC filing, San Diego-based developer of peptide therapeutics designed to assist in the treatment of autoimmune diseases and disorders selectIon raised $5 million in funding.

Miscellaneous

Los Angeles-based Sensydia, a company working on non-invasive cardiac diagnostics, said this morning that it has received $3 million in a NIH grant.

Raises is dot.LA’s weekly feature highlighting venture capital funding news across Southern California’s tech and startup ecosystem. Please send fundraising news to Decerry Donato (decerrydonato@dot.la).

'Esports Winter’ is a Myth, Local Gaming Execs Say

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

'Esports Winter’ is a Myth, Local Gaming Execs Say
Samson Amore

Last year, global venture capital investment in esports dropped by more than 40%. Investors have been rapidly selling off teams and franchises, and the industry has witnessed a consistent decline in ad spend. This has prompted many critics to coin the term “esports winter,” referring to a fall-off in the industry, an indication that VCs believe their investments didn’t achieve success as expected.

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