Silicon Beach

For the company, see Silicon Beach Software.

Silicon Beach is the Westside region of the Los Angeles metropolitan area that is home to over 500 tech startup companies. Major technology companies have opened offices in the region including Google, Yahoo!, YouTube, BuzzFeed, AOL, EdgeCast Networks, and MySpace. The region is considered the second- or third-largest tech hub in the world, according to various reports.[1][2]

This has had major impacts on the type and availability of office space and on home prices in Playa Vista, Playa Del Rey, Westchester, Santa Monica, and Venice, as these areas have become more desirable due to this influx. The effects are also spilling over into Marina del Rey which is attracting tech firms.[3]

Start-up pockets have also emerged in nearby Culver City, West L.A., and El Segundo.[4] Other areas include Downtown Los Angeles, Beverly Hills, and Hollywood.[5][6]

Startups

Silicon Beach is also home to a number of start-up incubators and accelerators, such as Amplify.LA, Science, Disney Accelerator, and TechStars Cedars Sinai.[7] Higher education institutions in Silicon Beach include Loyola Marymount University and Otis College of Art and Design. [8] Several other Southern California universities, such as Caltech, University of Southern California (USC), University of California, Los Angeles (UCLA), the Claremont Consortium institutions (Pomona College, Scripps College, Claremont McKenna College, Harvey Mudd College, and Pitzer College), several campuses of the California State University (including Long Beach, Los Angeles, Northridge (CSUN), and Fullerton), Pepperdine University, and Azusa Pacific University, and are located in nearby areas. RAND Corporation also has a presence here. In the first six months of 2013, start-ups in Silicon Beach raised over $500 million in funding, and there were 94 new start-ups and nine acquisitions.[9]

History

PC Magazine in 1983 reported that "some people are starting to call" Boca Raton, Florida—where IBM had developed the IBM PC, and other technology companies had facilities—"Silicon Beach, in deference to the great valley of the West".[10] In 1984 Silicon Beach Software was formed in San Diego, California.[11] Silicon Beach Australia was used to describe that country's internet technology community in 2008.[12] There are four significant areas in Australia that are nurturing start-ups: Sydney, Melbourne, Brisbane, and Perth.[13]

List of startups based in Silicon Beach

Company Year founded Industry Valuation
AIO Robotics, Inc. 2013 3D Technology [14]
VidRoll 2014 Video Ad Technology [15]
Swagbucks / Prodege, LLC 2007 Digital Rewards & Cash Back [16]
Cloudwear 2014 Cybersecurity[17][18]
WeMash 2014 Creative Video Content [19]
Realty Mogul 2012 Real Estate Crowdfunding [20]
Tapiture 2012 Social Media [21]
Snapchat 2011 Social Media $3 billion [22]
Doppels 2016 Social Media [23]
Hulu 2007 Television Streaming Services $100M [24]
BQE Software Inc 1996 Business Software [25]
Nasty Gal 2006 $49M [26]
Mediakix 2011 Influencer Marketing [27]
Eventup 2011 $1.8M [28]
BeachMint 2010 $74.7M [29]
Gradient X 2013 $3.75M [30]
Bitium 2012 Cloud Computing $8.9M [31]
The Honest Company 2012 Consumer Goods $122M [32]
Fullscreen 2011 Digital Media
Frequency 2010 Internet, Mobile Apps
Big Frame 2011 Digital Media
Bloom2Bloom 2012 Floral Subscriptions, Social Enterprise, Flowers
BCG Digital Ventures
WeezLabs 2008 Mobile Application Development
Kuapay 2011 Mobile Payments $16.5M[33]
Dollar Shave Club 2011 Consumer packaged goods $22.8M[34]
The Bouqs Company 2012 Floral $1.1M[35]
Enplug 2012 Software $2.5M[36][37]
ParkMe 2009 Transportation $50M[38]
The Bouqs 2012 Flowers $6M[39]
Tieks 2008 Footwear, retail
TrueCar 2005 Automotive $1.6 billion[40]
Eco Nuts 2007 Cleaning Products
ConsumerTrack, Inc 2004 Internet Marketing $30M[41][42]
Kaleo Software 2012 Enterprise Knowledge Management [43]

References

  1. ↑ "Silicon Beach emerges as a tech hotbed". USA Today. 2012-07-15.
  2. ↑ "Startup Genome Ranks The World’s Top Startup Ecosystems: Silicon Valley, Tel Aviv & L.A. Lead The Way". TechCrunch. 2012-11-20.
  3. ↑ Logan, Tim (January 2, 2015) "Buoyed by Silicon Beach, Westchester enjoys a housing surge" Los Angeles Times
  4. ↑ Khouri, Andrew (January 15, 2016). "Bixby Land's $49-million office building sale a sign 'it's not the old El Segundo'". Los Angeles Times. Retrieved 16 January 2016.
  5. ↑ Chang, Andrea (March 7, 2015). "Tech scene takes hold in revitalized downtown L.A.". Los Angeles Times.
  6. ↑ Ungerleider, Neal (October 31, 2014). "Why A Subway-Building Binge Could Transform L.A.'s Tech Culture". Fast Company. Retrieved 28 December 2015.
  7. ↑ "A list of top LA accelerators and incubators".
  8. ↑ http://magazine.lmu.edu/archive/2015/silicon-beach-next-wave
  9. ↑ "Over $500M Raised by 92 LA Startups in the First Half of 2013".
  10. ↑ Porter, Martin (November 1983). "The Talk of Boca". PC Magazine. p. 162. Retrieved 22 October 2013.
  11. ↑ Hill, Ryan (February 4, 2016) [www.triton.news/2016/02/813/ "San Diego is bringing back Silicon Beach"] [The Triton]
  12. ↑ LeMay, Renai (July 28, 2008). "Silicon Beach Australia". ZDNet. Retrieved 2013-05-30.
  13. ↑ Kohler, Alan (November 21, 2012). "Australia's "Silicon Beach" is no Entrepreneurs Paradise". The Drum (ABC).
  14. ↑ AIO Robotics Website
  15. ↑ VidRoll Website
  16. ↑ Swagbucks Website
  17. ↑ https://www.crunchbase.com/organization/cloudwear Crunchbase profile of Cloudwear
  18. ↑ http://dld-conference.com/users/evan-tann DLD profile of Cloudwear
  19. ↑ WeMash website
  20. ↑ Realty Mogul Website
  21. ↑ Tapiture Website
  22. ↑ Dave, Paresh; Pierson, David (April 16, 2015). "Cheap content, growing reach make Snapchat a fast-rising star". Los Angeles Times.
  23. ↑ Doppels Profile on CrunchBase
  24. ↑ Hulu Profile on CrunchBase
  25. ↑
  26. ↑ Nasty Gal Profile on CrunchBase
  27. ↑ Mediakix Profile on CrunchBase
  28. ↑ Eventup Profile on CrunchBase
  29. ↑ Beachmint Profile on CrunchBase
  30. ↑ Gradient-X Profile on CrunchBase
  31. ↑ Bitium Profile on CrunchBase
  32. ↑ The Honest Company Profile on WSJ
  33. ↑ Kuapay Profile on CrunchBase
  34. ↑ Dollar Shave Club Profile on CrunchBase
  35. ↑ The Bouqs Company Profile on CrunchBase
  36. ↑ Lawler, Ryan. "Digital Display Startup Enplug Raises $2.5 Million Seed Round". TechCrunch. AOL. Retrieved 21 May 2014.
  37. ↑ Smith, Samantha. "LA Startup Goes from 0 to 100mph In Three Months". Forbes. Retrieved 22 May 2014.
  38. ↑ Lawler, Ryan. "ParkMe Raises Funding From Angeleno Group, Releases New Version Of Its Real-Time Parking App".
  39. ↑ "TheBouqs.com Raises $6 Million to Deliver ‘Farm-to-Table’ Bouquets". Venture Capital Dispatch. Wall Street Journal. June 26, 2014. Retrieved 13 August 2014.
  40. ↑ TrueCar Public Stock Quote on NASDAQ
  41. ↑ ConsumerTrack, Inc Profile on Wikipedia
  42. ↑ Foord, Celine (October 9, 2014). "ConsumerTrack President Jeff Bartlett to Talk Entrepreneurship at 2014 Innovation Week LA". PR Newswire. Retrieved October 9, 2014.
  43. ↑ http://www.omersventures.com/kaleo-software.aspx

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