Los Angeles saw a 20% growth in its number of year on year venture capitalist backed startups last year in 2021, itching in front of the Bay Area and New York. The report ranked Los Angeles as the Number 3 behind tech megahubs San Francisco Bay and New York, and in front of other emerging tech hubs Houston and Miami.
In February of 2022, San Francisco-based Telstra released its second annual “Tech’s Great Migration Report” highlighting new technology hubs across the United States.
Nearly 4,000 venture-backed startups call the city of Los Angeles home. Some major startups that have started here include Snapchat and Tinder with other big players in tech such as Google, Yahoo, YouTube, Facebook, Salesforce, AOL, Electronic Arts, Sony, EdgeCast Networks, MySpace,, Apple, Inc, and Netflix. The attraction to the area is credited to its short distance to LAX, a well-known international airport, as well as the diversity of LA’s industries. With a divergence in its success across industries spreading across fields in entertainment, communications, and real-estate, it’s no wonder that a tech scene is growing rapidly in the sunny state. It also loosely applies to almost anywhere in Los Angeles. The term is particularly applied to the area along the coast such as Hermosa Beach, Manhattan Beach, El Segundo, Playa del Rey, Playa Vista, Marina Del Rey, Venice Beach and Santa Monica where tech companies have been conglomerating for the last couple years. More commonly known as “Silicon Beach”, the booming technology hub along the coast of the westside region of the Los Angeles Metropolitan area is home to more than 500 tech companies. Los Angeles is the third largest startup ecosystem in the United States.
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