Monthly Archives: October 2013
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Recently, entrepreneurs and investors gathered in Santa Monica to participate in Social Media Week Los Angeles’ Business and Entrepreneurship Day. Crowdfunder, a crowdfunding platform that connects entrepreneurs and investors, hosted a panel discussion on “Angels, VCs, Crowdfunding, and the Future of Investing.” Grandpoint Bank’s Senior VP & Director of Startup Banking, Petra Griffith, was among the panelists giving her perspective on startups and investors in LA.
Pulling from her experience at two Bay Area start-ups and as a senior product manager at Yahoo!, Petra discussed the difference between LA and the Bay Area. “The LA ecosystem is maturing, with more capital entering the LA market,” Petra observes. “We still need to see more established companies and more large exits before we can say we have a mature ecosystem, but we are definitely in a flourishing phase. We are seeing so many exciting startups in LA, and there are so many more resources available than there used to be. It’s a great time to be an entrepreneur.”
Following the panel discussion, Petra was asked to judge the CrowdfundxLA Fall 2013 Startup Competition, alongside other judges including Jonathan Teo from General Catalyst and Brian Garrett from Crosscut Ventures. During the live competition, 10 startups chosen by investors and the Social Media Week crowd presented their ideas in five-minute pitches, competing for a possible $100,000 prize from LaunchPad LA. “There was so much energy in the room and a very supportive audience,” Petra recalls. “It was such fun to be a part of the competition and to be inspired by the contestants. It wasn’t easy to choose a standout.” Grandpoint hosted a reception after the event for the judges and panelists to help keep the conversations going.
Grandpoint’s work with startups was reviewed in a Social Media Week blog post during the event.
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