While some techies are escaping their jobs for a summer trip to the beach, this tech hub is located at one.
While Los Angeles has already established itself as one of the biggest tech hubs in America, its west-side has garnered its own name due to the concentration of hip apps, subscription service and, since it’s LA, entertainment companies. The home of companies like Netflix and YouTube, the City of Angels has blended fresh tech startups in with its long-standing film and entertainment industry, resulting in an explosion of successful streaming sites and internet-focused entertainment companies.
Known as the Silicon Beach, this tech hub includes hotspots from downtown LA to beachfront areas like Santa Monica, Venice, Playa Vista and Culver City. Full of talented staffers, these businesses offer high pay, offices next to the beach, and the opportunity to work on popular products and services. What’s not to love?
According to Mediakix, 21% of the companies here are classified as media/entertainment, while 17% are software/technology companies. Other top categories include health and wellness, e-commerce and finance. But the funding paints a picture of how tech will overtake other prominent industries. Social media companies receive 21% of the total funding, above media/entertainment, software/technology and health and wellness — all at 13%. Aerospace and finance get 9% and 8% of the funding, respectively.