Catch Up On Last Week's Top 5 Stories With Our Video Recap
What's going on with L.A.'s tech and startup community? A lot! dot.LA chief host and correspondent Kelly O'Grady takes you through the key points of the top five headlines from last week. Don't miss out on the essential news you need to know:
- COVID Migration: Tech workers move to L.A. to escape expensive NYC & SF, and move out of L.A.
- CortoAI uses Hollywood script analysis tool to analyze the debate
- UCLA's economic forecast for the U.S. is in — and it's better than you might think
- Big data firm Palantir goes public
- Disney Lays Off 28,000 at U.S. Theme Parks
Weekly Recap: COVID spurs influx and exodus from L.A., AI analyzes debate & Disney does lay-offs www.youtube.com
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dot.LA is kicking off its inaugural summit Tuesday with a line-up of the players, investors and executives shaping tech and media in Los Angeles, including the head of Reese Witherspoon's Hello Sunshine media company, Silicon Valley's top dealmaker Bill Gurley and GoodRx CEO Doug Hirsch.
I have long been a proponent of going public because I believe it creates stronger, more disciplined companies that deliver greater shareholder value. It's great to see the pendulum in the founder and venture capital community swinging away from the "stay private longer" attitude that dominated tech over the last decade.
That said, the traditional IPO listing path has many shortcomings. I experienced this firsthand in 2011 when we took Zillow public. The cover price on the original S-1 was $12-$14 a share, but we upped it to $14-$16 due to strong demand on the IPO roadshow. We priced it at $20 a share, only to watch the first trade open at $60 that day. (Note: Zillow has since done a 3-for-1 stock split, so divide these numbers by three if you're trying to compare it with today's ~ $100 stock price.)
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- How To Lay Off Staff With Compassion - dot.LA ›
If the rule is to follow the money, then VC deal flow shows how singularly bad this pandemic has been for female entrepreneurs compared to their male peers.
By and large, anytime a woman was involved in the founding of a company, venture capital investment dollars dropped significantly and there were fewer dollars per deal overall, according to a dot.LA analysis of year-over-year Q3 PitchBook data for Los Angeles, the Bay Area and Seattle.
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- All Raise's Resources for a Broader Discussion of Tech - dot.LA ›
- Los Angeles' Startup Scene is Still a Male-Dominated Game - dot.LA ›
- The Pandemic Has Erased Many Gains for Female Founders in LA - dot.LA ›