Silicon Beach Gains Major Tech Tenant

Silicon Beach in Los Angeles is once again enticing more tech and media companies to relocate their offices, or possible add another branch to this emerging hotbed.

Check out the latest article from the Los Angeles Business Journal to see what tech and media mogul will be joining the Silicon Beach ranks.

Read all about it here:  Patched In | Los Angeles Business Journal.

Represent LA: Geographical Breakdown of Startups in Los Angeles

Represent LA is a website that maps the location of new tech start ups and investors in Los Angeles.  The map is useful because it allows people to browse according to location, investors, or company name.  With Represent LA, it’s easy to see which areas have the highest and lowest numbers of startups, which could be a factor for a new startup in their search for leasing creative space.  The creators of the website also promote a sense of community and support by offering up the ability for companies who do not see their business on the map to submit their information to be added.

The geographical breakdown of startups within Los Angeles can be determined by exploring the Represent LA map.  Currently, downtown Santa Monica and Venice have the highest concentration of start ups, followed by the area east of downtown Santa Monica.  Surprisingly, Santa Monica airport area has many startups while Playa Vista does not.

Downtown Los Angeles, Hollywood, Culver City, El Segundo, Pasadena, Tri-Cities, and the greater South Bay have moderate levels of start ups.  San Fernando Valley, Century City, Westwood, and the Beverly Hills area contain low levels of startups.  The fewest startups, however, are located in Malibu, South Los Angeles, Mid-City, East Los Angeles, and the San Gabriel Valley.

It seems that Silicon Beach is continuing to grow as an area that start ups are drawn to, which is consistent with the articles we have shared about in past.  Conversely, Pasadena’s start up activity seems to be on the decline.  Represent LA’s map is a great way to find start ups, coworking space, investors, or consulting firms in Los Angeles and will hopefully be another resource tech start ups will be able to efficiently use.

LA’s Silicon Beach in the News

Check out the latest news about LA’s burgeoning Silicon Beach Area:

USA Today: http://usatoday30.usatoday.com/tech/news/story/2012-07-15/silicon-beach/56241864/1

LA Times: http://articles.latimes.com/2011/dec/11/business/la-fi-cover-la-tech-20111211

Jason Nazar’s blog: http://www.jasonnazar.com/2008/11/23/a-tale-of-two-tech-cities-%E2%80%93-silicon-valley-vs-los-angeles/

Silicon Beach Startup BetterWorks Has Shut Down

TechCruch has reported that BetterWorks, a startup based in the Silicon Beach area has shut its doors at the end of May.  This is a giant blow to the Silicon Beach startup movement in Los Angeles.  Silicon Beach needs a startup that can stand the test of time and be a big hit in order to start competing with other tech hotbed areas in the country.

Tech Start-ups Flock to L.A.’s ‘Silicon Beach’

Tech is quickly spreading profusely over Los Angeles.  Northern California is no longer the only place where up and coming tech, web, and new media companies are calling home.  The L.A. Times recently published an article detailing companies and new tech start-ups who have made chosen “Silicon Beach” over “Silicon Valley.”

Some start-ups are also searching for suites in Los Angeles that are flexible and easy to remodel to fit their needs as a company.  One major tenant broker reported a flurry of requirements for companies that produce video content for the web.  PMI has received interest from a few companies that require building several of these web video studios.  PMI is trying to figure out how to best accommodate these needs by making the restoration of the space less expensive.  The companies who are requesting restoration believe that the renovated studio will have additional value for the next company who will occupy it.  However, in the event that the next company does not prefer the modifications previously made– maybe they are involved with a different type of business– the company will want the web video studio layout removed.  Adding to the complexity of the situation, these companies also have different studio requirements; there isn’t an adequate generic standard these studios can be crafted by.

PMI is working to accomdate all of their tenant’s requests, and are happy to welcome new and creative companies at their properties.  With the creation of Silicon Beach, we expect the creative office space demand to rise even further.