When asked what is the biggest difference between Los Angeles and Silicon Valley accelerators, five from LA told me they’re more focused on startups that don’t take years to start monetizing. Leaders from Amplify, Launchpad LA, MuckerLab, Start Engine, and Originate Labs convened at this weekend’s Silicon Beach Festival in Venice, California. They explained that since there’s less capital down South, they’re less concentrated on long-term plays, even ones that could return bigger multiples down the line.
So Bay Area startups in ecommerce, media, advertising, and fashion looking to raise money or enter an accelerator might consider a drive down the Pacific Coast Highway.
To read the full, original article click on this link: What Los Angeles Accelerators Want: Startups That Make Money Right Away | TechCrunch
