VCs Catch Wave To Silicon Beach

05.19.14 In the News

By: Omar Shamout | May 19, 2014 (Featured in the Los Angeles Business Journal)

When online consumer rewards site Swagbucks last week took its first outside investment, a $60 million infusion from Palo Alto’s Technology Crossover Ventures, it was the latest indication that L.A.’s booming tech industry is coming of age.

Not only has the amount of money pouring into local tech firms surpassed sums raised at the same point last year, Silicon Beach is getting far more attention from the top tier of Silicon Valley’s venture capital community.

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