. 24/7 Space News .
Silicon Beach: LA tech hub where the sun always shines
By Veronique DUPONT
Los Angeles (AFP) March 31, 2016

Better known for its palm trees and celebrities, Los Angeles is also emerging as a tech hub, with its so-called Silicon Beach area offering a sun-kissed alternative to Silicon Valley.

In recent years tech companies large and small, including Facebook, Google and Snapchat, have opened offices in Santa Monica, Venice or Marina del Rey -- better known for shirtless surfers then web geeks.

They are joined by hundreds of cutting-edge startups and tech incubators like GumGum that are gobbling up space along Southern California's Pacific coast.

At DogVacay in Santa Monica, a sort of Airbnb for pets that impressed actor Will Smith so much that he invested in it, co-founder Aaron Hirschhorn says he has never looked back on his decision to set up shop downstream from San Francisco.

"Here I am a bigger fish in a smaller pond," said the 37-year-old, as about a dozen pooches owned or being cared for by employees lounged on cushions or strutted about in the sprawling open office space.

"I'm not competing with Facebook or Google to recruit engineers. It's a very close-knit community of techies and the networking is great."

Skyrocketing commercial prices in the San Francisco area, historically considered the center of gravity for tech companies, is a key reason many start-ups have been relocating to Los Angeles.

"It is so expensive for a company to expand in San Francisco," said Michael Schneider, 35, founder of Service, an outsourced customer service center that seeks to resolve disputes between customers and businesses.

"You have to raise at least 50 percent more for the same thing," he added, while acknowledging that San Francisco was unlikely to lose its title as "the tech epicenter of the world."

- Star power -

Another draw to the Los Angeles area for techies is the quality of life, said Schneider, whose startup -- his fifth since high school -- has raised $3 million since he founded it nine months ago.

"You have the weather, a change of pace and you get away from a very endogenous environment in the Bay Area (of San Francisco) where everybody only talks about tech," he said.

The tech boom in Los Angeles has been fed by a number of local success stories in the last five years, including Snapchat, now valued at $16 billion, the streaming service Hulu, valued at $10 billion, or the dating app Tinder ($3 billion).

Even Hollywood celebrities are taking notice of Silicon Beach's growing allure and riding the wave of success.

Model and actress Jessica Alba in 2011 co-founded Honest Company, one of LA's hottest startups that makes non-toxic and eco-friendly products.

The actor Ashton Kutcher has invested in some of the world's most buzzed about startups.

Among the hottest today is Dollar Shave Club, in Santa Monica, which sells razors and other grooming products, or Scopely, a mobile-game network company that has seen 600 percent growth over the last 10 months.

"Los Angeles has always been a trend-setting city and it's important if you're building consumer-oriented mobile companies," said Michael Jones, a venture capitalist and founder of the incubator Science, in Santa Monica.

But Jones, who recently started Wishbone, a trends app geared toward teenagers, said San Francisco -- at least for now -- remains the nerve center for tech investors.

"Can we have 10 companies over $1 billion here? I think it's possible," he said.

"I'm not sure though that we can do 50."

Nonetheless, he expects Los Angeles will continue to give San Francisco a run for its money.

"I think the LA scene can grow extremely big," he said.

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once

credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly

paypal only


Related Links
Space Tourism, Space Transport and Space Exploration News

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
Broomstick flying or red-light ping-pong? Gadgets at German fair
Hanover, Germany (AFP) March 17, 2016
Virtual reality and 3D printing are among top technologies showcased by thousands of IT companies attending this year's technology show CeBIT in the northern German city of Hanover. Here are some eye-catching gadgets from the annual fair: Quidditch on a broomstick Harry Potter fans dying to get a taste of what playing quidditch on a flying broomstick feels like can climb on a plast ... read more

Moon Mission: A Blueprint for the Red Planet

The Moon thought to play a major role in maintaining Earth's magnetic field

The Lunar Race That Isn't

Earth's moon wandered off axis billions of years ago

Martian winds slowly build enormous mounds over billions of years

'Mixed Reality' Technology Brings Mars to Earth

Opportunity moves to new locations to the southwest

NASA: Manned mission to Mars still 'long way' off

New DNA/RNA Tool to Diagnose, Treat Diseases

ASU to develop the next generation science education courseware for NASA

Space-Related Budget Requests for FY17

NASA Selects American Small Business, Research Institution Projects for Continued Development

Has Tiangong 1 gone rogue

China's 1st space lab Tiangong-1 ends data service

China's aim to explore Mars

China to establish first commercial rocket launch company

Russia launches cargo ship to space station

Cargo ship reaches space station on resupply run

Unmanned Cygnus cargo ship launches to ISS on resupply run: NASA

Cygnus Set to Deliver Its Largest Load of Station Science, Cargo

Roscosmos Says Reports on Sea Launch Project Sale Might Be True

Water System Tested on Crew Access Arm at KSC

NASA's 'Spaceport of the Future' Reaches Another Milestone

India to launch 22 satellites by single rocket in May

Map of rocky exoplanet reveals a lava world

Instrument Team Selected to Build Next-Gen Planet Hunter

NASA's Spitzer Maps Climate Patterns on a Super-Earth

'Smoothed' light will help search for Earth's twins

Students learn astrophysics through mixed-reality computer simulation

For the first time scientists can observe the nano structure of food in 3-D

A new model for how twisted bundles take shape

More efficient system for the synthesis of organic compounds

The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.