Los Angeles has often been most closely associated with Hollywood and the arts culture. However, over the past few years, the tech market in Los Angeles has grown tremendously. Now it is one of the central hubs in North America when it comes to technology and innovation. But just what is driving this technology boom, and what have the results been?
There are several factors that have contributed to the technological explosion taking place in LA. The first of these would be the presence of startup incubators. The sole purpose of an incubator is to help new entrepreneurs succeed. They commonly provide a workspace, funding, mentoring, and and some training for those people who are new to starting a business. Having these resources around you make it more likely that your new venture will be a success. They are especially helpful to those in the tech industry, as many of the people running incubators come from the same background.
Free Wifi Coming Soon
Another factor that is playing into Los Angeles becoming the place to go in the tech market is the events they are having in the area. For example, the Silicon Beach Fest is one of the largest tech gatherings in the country, and it takes place right in LA. This is the fourth year the event is being held, and building off the success of the previous events, this year will similarly be focused on investment trends, community growth, and technical innovation. People from all over the country come to this event to meet with like-minded individuals and see what the tech market is up to. Since so many companies are now getting started in LA, it makes it the ideal place to hold an event like this.
New Tech Innovations
Want some examples of companies that have started in LA? Look no further than Snapchat, or Jenny Ta's Sqeeqee.com. Snapchat was founded in a little bungalow along Venice Beach back when it had around 14 employees. This was only two years ago, and now the app is one of the largest in the world, and valued at several billion dollars. Even though the company has grown, they remain in Venice, although they have upgraded their offices since they now have around 200 employees. Like Snapchat, Sqeeqee is a relatively new company that started in LA. It allows users to handle all of their different social media and online endeavors in one convenient location. They are a perfect example of a new company looking to make it big, and choosing Los Angeles as the place to do it.
For those entrepreneurs out there looking to get into the Tech Market, we recommend looking at moving to LA. It is no longer just for those trying to make it in television or movies. LA is rapidly growing in the tech market, and the city is encouraging it. In fact, Los Angeles may soon have free WiFi for the entire city, one of the first cities to offer this. You don't need to go to New York or Silicon Valley if you want to start a tech company. Los Angeles is where the market is shifting, and if you want to keep up with the trends, you should shift there as well.