According to "Moving Your Startup to Los Angeles" Los Angels is quickly becoming an international startup hotbed. This is the result of robust valuations such as Snapchat's $10 billion, the success of other LA-based startups like Tinder, Machinima, Hulu, eHarmony, LegalZoom and some well publicized exits: Rubicon's IPO, Maker Studios bought by Disney for $950 million, Oculus VR bought by Facebook for $2 billion, and Apple's recent acquisition Beats for $3.2 billion. The National Venture Capital Association places Los Angeles within the TOP 5 US destinations for VC funding in 2014 with $2 billion invested in this area.
Many well established LA industries such as entertainment, trade, fashion and aerospace support the launch and growth of LA startups that operate in these sectors.
A large and diverse population make of this city the ideal test market for numberless consumer products and service technologies.
Every startup ecosystem succeeds when it finds the right formula to start producing great companies, LA has done it.