Silicon Beach: The Next Silicon Valley?

Silicon Beach: The Next Silicon Valley? World's Top Start-up Ecosystems SAN FRANCISCO 1. Silicon Valley 2. Tel Aviv 3. Los Angeles The average age of entrepreneurs in Los Angeles (38.22) is 4.1 years older than in Silicon Valley. Silicon Valley, SV $12 billion in venture capital funding Los Angeles startups are as data driven as Silicon Valley startups. work hours are the same Los Angeles, 2013 LA $1.7 billion in venture capital funding 2013** LA startups are 16% less likely to raise VC than startups in Silicon Valley and more likely to be self-funded or raise money from friends and family. LOS ANGELES 30 incubators in Los Angeles Housing prices in Šilicon Beach area are up 24.6% 63% More than 789 startups in Los Angeles since 2011 because of tech companies moving in*** of Los Angeles entrepreneurs have previous experience in the market their startup is targeting. The key challenges of Los Angeles startups are similar to Silicon Valley startups: customer acquisition, building the product, funding, and building the team. References: 2012 Startup Ecosystem Report * New York Times, September 2013 ** Pricewaterhouse Coopers / National Venture Capital Association *** Financial Times, February 2014 Presented by Movielala, a social network and movie marketing platform MovieLala*