The past week has demonstrated the myriad ways the Los Angeles tech companies are leaving their startup status behind to become publicly traded.
It took COVID-19 to give millions of Americans the option of telling their doctor about their aches and pains by phone.
When the latest video game was released, people used to rush to a retail store in hopes of buying a copy, and play that game to their heart’s content or until they wanted to buy something new. In today’s digital world, several games are free to play at the base level, such as Fortnite, and players can buy extra content, like costumes, characters or levels. This concept, called downloadable content (DLC), gives game creators multiple chances to increase profits rather than a traditional one-time sale, but the players rarely own what they buy. Mythical Games is changing who owns these DLCs or in-game assets, and, in doing so, revolutionizing the gaming industry.
Home renovation costs can add up quite quickly for a number of reasons. Sometimes a new issue arises during construction that homeowners can’t afford to overlook and sometimes contractors will simply just underestimate the price of a project. Santa Barbara-based startup Briq has set out to provide contractors with tools to help them accurately predict the cost of a project and manage their workflows more efficiently.
Dave, a banking app backed by Mark Cuban, announced Monday that it plans to go public via VPC Impact Acquisition Holdings. VPC is a special purpose acquisition company sponsored by Victory Park Capital. Both VPC and Dave have entered into a definitive agreement to put the fintech giant on the IPO map.
Plus funding for blockchain, artificial intelligence and biotechnology companies in this week’s L.A. tech news.
A new tech giant just landed in Silicon Beach. Video game publisher Tencent America told the Los Angeles Times this week that it will soon open a new, 53,000-square-foot office in Playa Vista to account for its newfound growth.
Even after the tech industry’s reckoning after the killing of George Floyd last year, the startup world is still overwhelmingly dominated by white men.
The state must increase grant funding to help communities invest in much-needed broadband technology.