Thinking innovative technology only lives in Silicon Valley?
Southern California hot on the tail of Silicon Valley. Until recent years, the Bay Area dominated the tech world. But Los Angeles and other SoCal cities today gave Silicon Valley a run for their money.
How is SoCal technology in Silicon Valley? Read on to find out all the details about the evolving entrepreneurial ecosystem and the new technological competition.
Southern California has top-notch schools such as USC, UCLA, Caltech, Harvey Mudd, and LMU. This means the inclusion of competent engineers and developers to Los Angeles.
Need proof of Salesforce Founder Marc Benioff, founder of Aaron Levie box, and founder Tinder Sean Rad all attended USC. Travis Kalanik from Uber and Brian Lee from The Honest Company both graduated from UCLA.
Of course, the emerging technology community is not about talent alone. You need capital.
For the LA beginner this happens with a business loan in California, or by an angel investor. The Los Angeles funding network seems to grow from minute to minute. Investors such as Troy Carter, Paige Craig, Mark Sister and Ashton Kutcher put their site on a Los Angelos investment.
Where do all these investment funds go? For a unique blend of industries living within the Los Angeles entrepreneurship ecosystem.
Leading Los Angeles Industry
Los Angeles is a force to be reckoned with in games, e-commerce, and digital media. Startups in a lean area of content creation. This is a big difference when compared to their Bay Area competition which focuses on building applications for all platforms.
SoCal Tech gave birth to well-known opening media such as Zefr, social media apps like Snapchat and Tinder, and e-commerce companies like Dollar Shave Club and MeUndies.
But that’s not all. SoCal Tech offers a bustling virtual reality scene. Facebook acquired Oculus VR, an Irvine native, for $ 2 billion dollars.
SoCal Tech even keeps a cap on the flight ring, with SpaceX Elon Musk championing leading-edge transportation technology.
Executive Leaving Silicon Valley Flock To SoCal
Not surprisingly, Silicon Valley is suffering from extreme cost of living. On top of this, the crazy competition for the best talent results in salary gaps is virtually insurmountable in this region.
As a result, many executives, including people like Facebook and Uber choose to move to Southern California.
Correspondingly, many Silicon Valley startups are keen to capitalize on the productive and promising industry and entertainment industries of SoCal flocking to the area. Los Angeles, Venice, and Santa Monica are hotspots for the novice technology community.
In fact, Los Angeles ranks third as the most active city of entrepreneurship in the United States. True, they have surpassed San Francisco and San Jose.
As you can see, SoCal continues to position itself as a tech powerhouse. Neck and neck with their Silicon Valley competition, SoCal proves itself over and over again by bringing top-level talent and presenting a high valuation company that attracts investors.
There is no doubt here Southern California has what it takes to be a destination for designers, developers, creators, entrepreneurs, and investors.