Morning News, 10/12: What LA is Missing, Lootsie, Eversport Series A, Burner + Soundcloud

Follow LA Tech Digest on Twitter (link) for news as it happens.

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THIS WEEK’S EVENTS: see full calendar

Monday, October 12
Sandbox Summit West (-10/13)
LAIW: Youth Hackathon
LAIW: Uber CEO Travis Kalanik

Tuesday, October 13
Town Hall LA
Silicon Beach E-Commerce Meetup
LAIW: Kairos

Wednesday, October 14
LAIW: Bioscience Corridor Tour
LAIW: Fashion
Cyber Security
LAIW: LAVA at the Beach

Thursday, October 15
Vator Splash
Silicon Beach Young Pros
Baily Hancock: Partnerships


SBF DTLA

Saturday, October 17
InnovatED.LA
TedX Santa Monica

Sunday, October 18
CicLAvia — Heart of LA
LAIW: Observatory Open House

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Here’s what’s new in the world of LA tech:

WHAT LA IS MISSING: Almost a year to the date following Mark Suster’s There’s Something Going on in LA, Arteen Arabshahi of Karlin Ventures points to a few areas where LA is lacking, all of which will be resolved with time, including:

1) Mentors & Money for Late-Stage Investment (Yup, LA can syndicate for a Seed or Series A, but the big money is still up north. BUT, more Bay area VCs are setting up shop and staying in LA);

2) More Active Tent Pole Companies (we have Snapchat, Honest, Tinder and others, but not a biggie like Microsoft. Yet.);

3) Seasoned Talent from Within (we have a good amount already, and will have even more over time) and

4) Entrepreneurial Spinoffs (again, in time, especially as options for companies like Snapchat vest, and MCNs fulfill earnouts — MySpace’s breakup saw a lot of diverse talent scatter across town, expect more from today’s local titans).
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LOOTSIE Launches White-Label Rewards Product (link)
Lootsie

EVERSPORT Raises $4.2M Series A (link)
Screen Shot 2015-10-05 at 8.27.47 AM

BURNER Integrates with Soundcloud for Voicemail Posts (link)
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PRESIDENT OBAMA Dropped by for a Few Hours

NASA Held an Open House at Jet Propulsion Laboratories

EXPERT DOJO Hosted a *Really Good* Investors’ Symposium

BAKESPACE Hosted a TechMunch Event for Food Bloggers

USC ANNENBERG Hosted a Women’s Hackathon

And if you needed a reason to live in LA…

Also, this:

Author Description

Scott Perry -- LA Tech Digest founder

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