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Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

Many people don’t realize that the majority of the monetization of the Internet originated in Los Angeles but was perfected in Silicon Valley. Is it any surprise to see Zulily in Seattle, Wayfair in Boston, ExactTarget in Indianapolis, TrueCar in Los Angeles, GroupOn in Chicago or BuzzFeed in NYC? It is different.

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10 Best Cities in the United States for Startups and Entrepreneurs (2018)

crowdSPRING Blog

Silicon Valley has dominated the U.S. Despite repeated efforts, only a few cities outside the Valley (New York and Boston) have historically had the critical mix of VC funding, network, and talent to fuel vibrant startup centers. cities (outside of Silicon Valley and the East Coast), to build your startup.

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Investing Outside The Bay Area

Haystack

But, it wasn’t directionally wrong, looking at enormous multinational companies like Apple, Google, and Facebook which rose from the hallowed ground of Silicon Valley. The CEO writes “Silicon Valley is going to leave Silicon Valley… the technology companies… they’re chasing talent, and talent is chasing affordable housing.”