Launchpad LA Receives VC Funding: $50,000 Per Startup

Launchpad LA today announces it will accept applications for its third class of Los Angeles-based tech startups. There are significant VC commitments and every entering company will get $50,000 in funding plus free office space. The program was founded in 2009 by LA-based venture capitalist Mark Suster and has received funding from several prominent investors including Rincon Ventures (largest seed stage investor in SoCal), Idealab (first major incubator built by Bill Gross), Baroda Ventures, GRP Partners, David Cohen (founder of TechStars), David Tisch (founder of TechStars NY). Launchpad LA has also signed up many prominent VC & individual advisors including: VCs: 500 Startups, BlueRun Ventures, First Round Capital, Foundry Group, Menlo Ventures, MK Capital Individuals: Jason Calacanis, Paul Kedrosky, Peter Levin (Principal, GeekChicDaily/Nerdist Industries), Howard Lindzon & Eric Ries 23 companies have graduated from Launchpad LA: 19 have received funding and 5 have been acquired. For full details read on ...

Source: http://feedproxy.google.com/~r/Techcrunch/~3/LvyEF8E1iT0/

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