After seeing its first crop of 13 start-up companies raise funding
rounds, get bought by other companies or at least reach “ramen
profitability,” mentorship program Launchpad LA is hoping its second
wave of companies will fare just as well.
Entrepreneurs based in Los Angeles are often pressured to move their offices to Northern California, where the networks of angel investors and venture capitalists are stronger, said Launchpad LA founder Mark Suster, who is a general partner at venture firm GRP Partners.
“The whole goal of the program is to see more Southern California companies get funded,” Suster said. “LA is a city of 16 million people, with a lot of success stories. We’ve had MySpace, Shopzilla, Price Grabber, EHarmony, LegalZoom and many others.”
To read the full, original article click on this link: L.A., We Have Lift-Off: Launchpad’s Newest Start-Up Class - Venture Capital Dispatch - WSJ
Author: Timothy Hay
