July 6, 2022 Breaking News, Latest News, and Videos

Santa Monica Set To Overtake San Francisco As Best Place To Launch Startup:

By David Lai

Santa Monica, dubbed the Silicon beach, was ranked third best place to start a startup in 2013 (behind San Francisco and Tel Aviv) and is poised to snatch the top spot this year.

The Startup Genome project, which conducted the above study, ranks the top cities around world based on objective criteria like funding, entrepreneurial mindset, trendsetting, support, talent and more. Since 2013, Santa Monica and greater LA have made great strides and is now leading in many categories.

Recent high profile successes such as Honest, SnapChat, Dollar Shave Club, and Maker Studios have made Santa Monica, Venice, and Marina Del Rey, respectively, their permanent home and chipped away at the common misconception that in order to be successful, tech companies need to be in Silicon Valley.

Even some of the big players, like Google and Microsoft, have also recognize the change in the tech landscape and are setting up new offices in Playa Vista, in the Santa Monica vicinity.

With recent tech successes, also bring about an abundance of capital with promises of exponential returns. 

New accelerators, incubators, and venture capital firms have been setting up shop in Santa Monica. 

Within a 12 square block area around 2nd Street, there are more than half a dozen accelerator and venture capital firms setup in the last few years looking for new LA startups in which to invest. 

Accelerators like LaunchPad LA and Amplify LA pick Santa Monica as their home because, compared to the Bay Area, LA has similar abundance of technical talent, lower business startup costs, lower living costs, easy access to cheap broadband via dark fibre, and…let’s be honest here, the year-round sunshine and palm trees does not hurt either.

Many engineers love the appeal of working in Silicon Beach. 

One can be working by the beach the first minute, sipping drinks with movie stars at a trendy bar the next, and returning to a nice suburban home without costing an arm and a leg. 

The lower housing prices and fewer toll roads means that talented Engineers are able to afford a higher standard of living in contract to San Francisco and New York. 

With LA Metro’s Expo Line set to link Santa Monica to the rest of LA, getting to and from Santa Monica will be easier than ever, giving talented engineers more affordable options of places near by to live.

One of the key factors to Santa Monica’s success is its vibrant and collaborative tech and entrepreneurial community.  On any given day, there is always some event to help aspiring entrepreneurs get started.

Upcoming events of note, SomeDay Startups is hosting JumpStartLA on Feb. 28-March 1, and Expert Dojo and Pay It Forward Labs is hosting a funding mentorship event on Feb. 23.

Events like JumpStart LA, that help entrepreneurs get a kickstart in building their projects with the help of mentors and collaborators, make evident the strong volunteer spirit from the LA startup community. 

As JumpStartLA mentor and Philosophy.is cofounder Skot Carruth, puts it: “The community is growing, but it’s still small. So it’s very important to support one another to keep it growing.”  

From the hundreds of meetup groups to invigorating talks featuring prominent CEOs and CTOs to business-minded groups like Product Spotlight, there’s no dearth of options for the entrepreneurs and tech lovers to attend a different event any day of the month and  learn something new.

Silicon Beach, is becoming quite a phenomenon, and the world is taking notice. It’s almost easier to launch a startup in the Silicon Beach than to come up with reasons not to.

in News
Related Posts

Newsom Signs Sen. Ben Allen’s Pollution Bill That Places Recycling Costs on Producers Rather Than Municipalities

July 6, 2022

July 6, 2022

Senate Bill 54 calls on the producers of specific materials to form a Producer Responsibility Organization  By Sam Catanzaro California...

LA City Council Approves Emblem Program to Identify Legal Cannabis Business

July 6, 2022

July 6, 2022

Placards will serve as notice to the public and enforcement agencies that the business is licensed Last week, Los Angeles...

VP Kamala Harris Visits Santa Monica Fire Station

July 6, 2022

July 6, 2022

Vice President and husband Doug Emhoff stop by Santa Monica Fire Station #2 on Monday By Sam Catanzaro Vice President...

City Council Approves Permanent Parklet Program For Local Businesses: Santa Monica Beat – July 4th, 2022

July 5, 2022

July 5, 2022

Local news and culture in under 5 minutes.* Sony Calls For ‘respect’ After Gaming Developers Receive Online Bullying * City Council...

Landscaping 50 Percent Complete for George Wolfberg Park at Potrero Canyon

July 3, 2022

July 3, 2022

Officials provide update for park under construction By Dolores Quintana A recent update from the City of Los Angeles’ Department...

John McEnroe and Patty Smyth Sell Malibu Home for $29 Million

July 2, 2022

July 2, 2022

Malibu Colony home sold to unknown buyer in private sale By Dolores Quintana John McEnroe, a retired former tennis star,...

SMa.r.t. Column: A Tale of Two Cities

July 2, 2022

July 2, 2022

The City of Santa Monica is surrounded on three sides by the City of Los Angeles. Therefore, while the jurisdictions...

Santa Monica City Council Approves Ballot Measure That Would Increase Hotel Bed Tax

July 1, 2022

July 1, 2022

Santa Monica’s bed tax has been raised since 2004 By Dolores Quintana In a vote on June 28, the Santa...

PETA Attempts to Stop the Beach Club From Holding Annual Fireworks Display

July 1, 2022

July 1, 2022

Parking lot where display is held is on City of LA land, not Santa Monica, allowing Club to obtain permit...

Santa Monica-Malibu Unified School District Prepares for SMASH/Muir Campus Mold Removal

June 30, 2022

June 30, 2022

Exact costs for repairs still unknown By Dolores Quintana and Sam Catanzaro  It is unknown exactly how much the total...

Watering Restrictions for Santa Monica Residents Take Effect Soon

June 30, 2022

June 30, 2022

New restrictions will go into effect on July 5, limiting watering to twice a week By Sam Catanzaro New restrictions...

Daily Harvest Recalls Meal Kits Handed out at Venice Event Following 470 Cases of Mysterious Illness

June 30, 2022

June 30, 2022

Direct-to-consumer meal kit company under fire for handling of outbreak tied to lentil and leek meal kit By Sam Catanzaro...

Central Coast Brewery Makes Westside Acquisitions

June 29, 2022

June 29, 2022

Figueroa Mountain Brewing acquires Broxton Brewery, The Stalking Horse and more. Staff, current beer taps to remain on board at...

Mexican Restaurant Possibly Expanding Into Former Swingers Space

June 29, 2022

June 29, 2022

Bar Hermanito applies for an alcohol exemption sales permit for space at 802 Broadway in Santa Monica By Dolores Quintana...

Six Family-Fun Westside Fourth of July Events

June 29, 2022

June 29, 2022

Fireworks, parades, runs and more taking place across the Westside  By Ashley Sloan  Pacific Palisades  The Pacific Palisades will be...