This Spring, Los Angeles Mayor Eric Garcetti sat down with our Case Foundation VP for Social Innovation, Sarah Koch, at Urban Tech Connect, a conference designed to support and provide networks for startup founders of color. Together they explored how the Los Angeles tech ecosystem has grown over the past several years—from a record numbers of startups calling LA their home to an influx of funding rounds and the many high-profile acquisitions and exits—and how important the building of ecosystems to support founders from all backgrounds has proven to be across the country.
In 2017 alone, startups throughout the the city of Los Angeles raised $7 billion in capital, through an upsurge in new investments and new firms. And more than $1.4 billion was raised in 2017 across 16 funds. During the conversation Mayor Garcetti shared how his office has sought to expand their startup ecosystem through programs like the Grid110’s and the creation of the TechFair LA which featured more than 200 leading regional startups.
Watch the video as Mayor Garcetti and Sarah share more on how we can be intentional about how we fund, mentor and support female founders and entrepreneurs of color in thriving cities like Los Angeles and beyond.
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