Silicon Beach is the Westside region of the Los Angeles metropolitan area that is home to over 500 tech startup companies. Major technology companies have opened offices in the region including Google, Yahoo, YouTube, BuzzFeed, AOL, EdgeCast Networks, and MySpace. The region is considered the second- or third-largest tech hub in the world, according to various reports.
This has had major impacts on the type and availability of office space and on home prices in Santa Monica, Venice, Playa Vista, and Westchester as these areas have become more desirable due to this influx. The effects are also spilling over into Marina del Rey which is attracting tech firms.
Silicon Beach is also home to a number of start-up incubators and accelerators, such as Launchpad LA, Amplify.LA, Science, and StartEngine. Several world-class universities, such as Caltech, University of Southern California (USC), University of California, Los Angeles (UCLA), the Claremont Consortium institutions (Pomona College, Scripps College, Claremont McKenna College, Harvey Mudd College and Pitzer College), several campuses of the California State University (including Long Beach, Los Angeles, Northridge (CSUN), and Fullerton), Pepperdine University, Azusa Pacific University, and Loyola Marymount University are situated within the region. RAND Corporation too is a long-standing member of this intellectual community. In the first six months of 2013, start-ups in Silicon Beach raised over $500 million in funding, and there were 94 new start-ups and 9 acquisitions.
It was first used in the USA in 1984 to refer to the San Diego, California region when the company Silicon Beach Software was formed. The founder, Charlie Jackson, is credited with coining the term Silicon Beach.
The term has also been used in Australia to describe that country's internet technology community, and was first used so on July 27, 2008 However, due to a lack of capital, its value is 100 times lesser than that of the Californian Silicon Beach.
List of startups based in Silicon Beach
|WeMash||2014||Creative Video Content|||
|Snapchat||2011||Social Media||$3 Billion |
|Hulu||2007||Television Streaming Services||$100M |
|BQE Software Inc||1996||Business Software|||
|Nasty Gal||2006||$49M |
|Gradient X||2013||$3.75M |
|Bitium||2012||Cloud Computing||$8.9M |
|The Honest Company||2012||Consumer Goods||$122M |
|Frequency||2010||Internet, Mobile Apps|
|Bloom2Bloom||2012||Floral Subscriptions, Social Enterprise, Flowers|
|BCG Digital Ventures|
|WeezLabs||2008||Mobile Application Development|
|Dollar Shave Club||2011||Consumer packaged goods||$22.8M|
|The Bouqs Company||2012||Floral||$1.1M|
|ConsumerTrack, Inc||2004||Internet Marketing||$30M|
- "Silicon Beach emerges as a tech hotbed". USA Today. 2012-07-15.
- "Startup Genome Ranks The World’s Top Startup Ecosystems: Silicon Valley, Tel Aviv & L.A. Lead The Way". TechCrunch. 2012-11-20.
- Logan, Tim (January 2, 2015) "Buoyed by Silicon Beach, Westchester enjoys a housing surge" Los Angeles Times
- Chang, Andrea (March 7, 2015). "Tech scene takes hold in revitalized downtown L.A.". Los Angeles Times.
- "A list of top LA accelerators and incubators".
- "Over $500M Raised by 92 LA Startups in the First Half of 2013".
- "Silicon Beach Australia". 2008-07-28. Retrieved 2013-05-30.
- Kohler, Alan (21 November 2012). "Australia's "Silicon Beach" is no Entrepreneurs Paradise". ABC.
- https://www.crunchbase.com/organization/cloudwear Crunchbase profile of Cloudwear
- http://dld-conference.com/users/evan-tann DLD profile of Cloudwear
- WeMash website
- RenewU Profile on CrunchBase
- Tapiture Website
- Dave, Paresh; Pierson, David (April 16, 2015). "Cheap content, growing reach make Snapchat a fast-rising star". Los Angeles Times.
- Hulu Profile on CrunchBase
- Nasty Gal Profile on CrunchBase
- Eventup Profile on CrunchBase
- Beachmint Profile on CrunchBase
- Gradient-X Profile on CrunchBase
- Bitium Profile on CrunchBase
- The Honest Company Profile on WSJ
- Kuapay Profile on CrunchBase
- Dollar Shave Club Profile on CrunchBase
- The Bouqs Company Profile on CrunchBase
- Lawler, Ryan. "Digital Display Startup Enplug Raises $2.5 Million Seed Round". TechCrunch. AOL. Retrieved 21 May 2014.
- Smith, Samantha. "LA Startup Goes from 0 to 100mph In Three Months". Forbes. Retrieved 22 May 2014.
- Lawler, Ryan. "ParkMe Raises Funding From Angeleno Group, Releases New Version Of Its Real-Time Parking App".
- "TheBouqs.com Raises $6 Million to Deliver ‘Farm-to-Table’ Bouquets". Venture Capital Dispatch. Wall Street Journal. June 26, 2014. Retrieved 13 August 2014.
- TrueCar Public Stock Quote on NASDAQ
- ConsumerTrack, Inc Profile on Wikipedia
- Foord, Celine (October 9, 2014). "ConsumerTrack President Jeff Bartlett to Talk Entrepreneurship at 2014 Innovation Week LA". PR Newswire. Retrieved October 9, 2014.