Here Are LA's Top Angel Investors, According to Their Peers

Harri Weber

Harri is dot.LA's senior finance reporter. She previously worked for Gizmodo, Fast Company, VentureBeat and Flipboard. Find her on Twitter and send tips on L.A. startups and venture capital to harrison@dot.la.

Here Are LA's Top Angel Investors, According to Their Peers
Image by Candice Navi

In a year upended by crisis after crisis — the ongoing pandemic, the climate emergency, an insurrection in the capital — tech startup financing is not just bouncing back but altogether booming, and Los Angeles-based angel investors are a big part of that equation.

Angels usually take a stake in an emerging business using their own funds, before institutional investors are willing to throw more substantial resources behind an idea. Often, they start off as entrepreneurs or engineers themselves.


We surveyed dozens of prominent L.A. investors to find out who they believe to be the top angels in the city, as part of dot.LA's third VC sentiment survey. Then, we tallied the votes. dot.LA had to throw out a couple of top names because one angel no longer lived in Los Angeles and the other didn't appear to be actively investing.

For more from the latest survey, read about who to watch among L.A.'s hottest ecommerce startups.

The investors below are listed based on the number of votes they received. We deferred to alphabetical order when there was a tie. Without further ado, here are Los Angeles' top angels, according to their peers.

J.J. List

J.J. List

List tops this list despite maintaining a low profile compared to the five angels below. He's an early-stage investor whose portfolio includes mobile shopping startup Tapcart, glasses and contacts company Lensabl, as well as Brainbase, Candy Club, Citruslabs and other LA-based firms, per AngelList. His investments range between $25,000 and $100,000, according to his Signal investing page. List is also listed as the chief creative officer at brand studio Gazoozle, per Crunchbase. The agency mentions Uber, TBS and other big names as clients on its website.

When dot.LA reached out for more information about him and his recent investments, List responded via LinkedIn: "im all good man, i dont do any press. thanks though!" Thanks, indeed!

But Paul Bricault, co-founder and managing director of Amplify, who has several co-investments with him, said List really has a discerning eye. "While we have also passed on some things he has sent our way, they are always worth a hard look which is rare."

Tom McInerney

Tom McInerney

McInerney got his start as a software engineer at Apple and Sony. His L.A. investments include RentSpree, a tenant screening startup that just announced an $8 million series A; and Bird, the love-it-or-hate-it scooter rental service. Beyond the city, he's a backer of Notion, Segment and Dapper Labs. His exits include Lettuce, which sold to Intuit; and Shopflick, which sold to Popsugar.

McInerney also advised TestFlight, which Apple snapped up in 2014, and he is a member of the World Wildlife Fund's national council.

Spencer Rascoff

Spencer Rascoff

Rascoff co-founded Zillow, Hotwire.com, real estate platform Pacaso, startup studio 75 & Sunny and this website, dot.LA. He's a former director of TripAdvisor and Zulily, and is a board member of the controversial data-mining company Palantir. When pressed on whether being a co-founder of dot.LA could have artificially boosted his vote count, Rascoff disagreed:

"I am just a really prolific L.A. based investor," he said. "I think we (75 & Sunny) did like 41 deals last year, of which 25 were in L.A., so that's why. I'm also an investor in many L.A. based venture funds (Crosscut, m13, Upfront, and others) so that helps me have a lot of connectivity to the L.A. tech community, which I'm sure boosts my vote count!"

Brian Lee

Brian Lee

Lee co-founded LegalZoom, ShoeDazzle and The Honest Company (of Jessica Alba fame), which went public in May and is now valued north of $894 million. "We have been fairly active this past year with 16 investments in total so far, and 8 of them in Los Angeles now," said Lee.

His LA-based investments include The NFT Company, guided breathing app Breathwrk and fantasy sports company Grin Gaming. Lee's exits include the infamous MoviePass (RIP), which sold to Helios and Matheson Analytics; Tapiture, which was bought by Playboy; and Stamped, which was snapped up by Yahoo, per Crunchbase.

Rosie O'Neill

Rosie O'Neill

O'Neill co-founded boutique candy brand Sugarfina. She also sat on the board of fintech company Happy Money and most recently cofounded early-stage investment fund Pure Imagination Brands in Santa Monica with her partner, Josh Resnick, who also made this list. Previously, O'Neill led marketing for Barbie at Mattel.

Her investments include faux meat purveyor Abbot's Butcher, pet pharmacy Mixlab, low-carb and gluten-free snack maker Uprising Food and gaming lifestyle brand Queens Gaming Collective.

Josh Resnick

Josh Resnick

Resnick worked as a producer at Activision, the Santa Monica game publisher, before launching his own studio — Pandemic Studios — with backing from his former employer. Pandemic is known for developing Star Wars: Battlefront and later on was acquired by Electronic Arts with another studio in a combined $860 million deal. Resnick also cofounded Sugarfina and Pure Imagination Brands. The investor tells dot.LA that he's "done around a dozen deals so far this year with another 4 in the pipeline currently."

Of the deals he has closed in 2021 to date, he says eight were based in Los Angeles. His investment portfolio includes Culver City-based digital pharmacy Honeybee Health and virtual reality training platform Vantage Point.

Lead art by Candice Navi.

Personality Assessments Improving Workplace Dynamics

Misunderstandings can have significant and sometimes severe impacts, far beyond the hilarious cake pictured above. Many organizations are increasingly using personality assessments to improve team dynamics and productivity. Tests like the Enneagram, Myers-Briggs Type Indicator (MBTI), and DISC assessment are valuable tools for developing existing teams in addition to hiring new employees. These assessments provide insights into team members' motivations, communication styles, and work preferences, helping colleagues understand each other better. By highlighting the different personalities within a team, these tests can enhance communication, resolve conflicts, and optimize task assignments based on individual strengths. As companies aim for greater efficiency and collaboration, the Enneagram, MBTI, and DISC assessments are becoming essential for transforming established teams into more effective and cohesive units.


Image Source: iEQ9

Enneagram

The Enneagram test is a sophisticated personality assessment that categorizes individuals into nine distinct personality types, each defined by unique motivations, fears,and behavioral patterns. This holistic approach enhances team dynamics in a business setting by fostering self-awareness, improving communication, and facilitating conflict resolution among team members. By understanding different personality types, teams can optimize their composition, tailor professional development, and create a more empathetic and collaborative environment. This framework not only helps leaders adapt their styles to better support diverse team members but also promotes inclusivity and effective collaboration, ultimately leading to improved team performance, productivity, and retention.

Resources:iEQ9. We recommend getting an Enneagram coach to get the most out of the results.

Key Features: Focus on core motivations. Accounts for personality shifts under stress or growth. Offers practical, actionable guidance for personal growth. Uses a dynamic, adaptive questioning approach. Claims 95% accuracy rate through advanced techniques.


Image Source: DiSC Profile

DiSC (Dominance, Influence, Steadiness, and Conscientiousness)

The DiSC assessment is a widely used behavioral analysis tool that categorizes individuals into four primary personality types: Dominance, Influence, Steadiness, and Conscientiousness. For businesses, DiSC provides valuable insights into employees' communication styles, work preferences, and motivations. By understanding these behavioral tendencies, teams can improve collaboration, reduce conflicts, and enhance overall productivity. Implementing DiSC in a business setting can lead to more effective leadership, tailored communication strategies, and optimized task allocation based on individual strengths.

Resources:DiSC Profile.

Key Features: Designed specifically for workplace applications. Focuses on observable behaviors rather than psychological traits. Widely researched and validated over 40+ years. Provides practical strategies for improving interactions.


Image Source: The Myers-Briggs Company

The Myers-Briggs Type Indicator (MBTI)

The Myers-Briggs Type Indicator (MBTI) is a widely used personality assessment tool that categorizes individuals into 16 distinct personality types based on four dichotomies: Extraversion/Introversion, Sensing/Intuition, Thinking/Feeling, and Judging/Perceiving. For businesses, the MBTI provides valuable insights into employees' communication styles, decision-making processes, and work preferences.This helps promote a more productive workplace, and enables employees to become involved in more meaningful ways, all while leveraging everyone’s unique strengths.

Resources:The Myers-Briggs Company.

Key Features: Focuses on preferences rather than traits. Focuses on how people perceive and judge information. Widely used in business and career counseling


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Happy Friday Los Angeles!

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🎓 LA’s Startup Edge Round 2

In light of last week’s article, we want to highlight some additional schools that have a significant impact on LA’s tech landscape. If we’ve missed any schools or founders worth including let us know!


Image Source: LMU

Loyola Marymount University

LMU plays a significant role in developing Los Angeles' tech workforce by offering various programs and resources for aspiring entrepreneurs and innovators. The university fosters innovation and entrepreneurship through:

  • LMU College of Business Administration: Provides entrepreneurship-focused programs and courses, including the Entrepreneurship Program, which offers hands-on experience and mentorship opportunities for students interested in starting their own businesses.
  • Frank R. Seaver College of Science and Engineering: Collaborates with industry partners on research projects and offers programs like the Engineering Clinic, where students work on real-world problems for corporate sponsors.
  • Fred Kiesner Center for Entrepreneurship: Serves as a hub for entrepreneurial activities, offering resources such as the Business Incubator program, pitch competitions, and networking events to support student and faculty startups.

Companies Founded by LMU Alumni: Liquid I.V. by Brandin Cohen, Dave by Jason Wilk, Abstract by Pat Utz


Image Source: CSULB

California State University, Long Beach (CSULB)

CSULB plays a significant role in developing Long Beach's entrepreneurial ecosystem through various programs and resources. The Institute for Innovation & Entrepreneurship (IIE) at CSULB serves as a central hub, offering initiatives like monthly Innovation Hours, a social justice entrepreneurship program, and the annual Sunstone Innovation Challenge with $50,000 in prizes. CSULB fosters innovation and entrepreneurship through:

Companies Founded by CSULB Alumni: Oculus VR and Anduril by Palmer Luckey (technically not an alumni because he dropped out before graduating), Dreamworks Animation by Steven Spielberg


Image Source: Claremont McKenna College

The Claremont Colleges

The Claremont Colleges serve as a significant source of talent for Los Angeles' tech and venture capital workforce, leveraging their strong academic programs and entrepreneurial resources. Harvey Mudd College, renowned for its exceptional engineering program, contributes a substantial number of highly skilled graduates to the tech sector. The consortium's collaborative approach to fostering innovation is exemplified by initiatives like:

  • The HIVE: This hub enhances students' creative problem-solving skills through collaborative and interdisciplinary experiences.
  • Claremont McKenna College's Silicon Valley Program: Offers students an immersive off-campus study experience that integrates internships, coursework, and networking opportunities in the heart of the tech industry, preparing them for careers in innovation and venture capital..
  • The Makerspace at Harvey Mudd College: An 8,000 SF student-run facility that allows students to prototype and develop innovative ideas, fostering a hands-on approach.

Companies Founded by Claremont Alumni: TechCrunch by Michael Arrington (CMC), KKR by Henry Kravis (CMC) & George Roberts (CMC), Sun Basket by Adam Zbar (Pomona), GitHub by Tom Preston-Werner (technically not an alumni because he dropped out before graduating from Harvey Mudd)


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