Los Angeles Heats Up as Tech Scene

By Staff Published on .

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Venture capitalists and the tech entrepreneurs they fund are emerging as a social force in Los Angeles, throwing almost nightly parties-cum-social events, the Los Angeles Times says. The VCs have invested $1.3 billion in Southern California tech firms versus $4.4 billion in the Bay Area over the same period. Southern California’s tech success stories include companies that are embracing Web video such as MySpace.
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