Technology Trends, Business Trends, and the History of Tech in Los Angeles
LOS ANGELES ANDSOUTHERN CALIFORNIATECHNOLOGY, BUSINESS,AND STARTUP TRENDSFreelanceCTO – LADOTNET– February 2012
Tech, Business, and Startup TrendsAgenda Introduction and Quick Survey What are we talking about? Who am I? Who are you? … LA/SoCal Then and Now Technology Trends Business Trends Startups Questions and Wrap-Up
FreelanceCTO is an Alpha Nerd MIT Computer Science and Computer Engineering On the Internet since ‘89 (on the Net since ‘84) 20+ companies over 20+ years Company stages include Bootstrap, Seed, Angel, VC (Series A,B, C), Fortune 500 Funding ranges from 0 to $60M+ over multiple rounds Team sizes range from under 5 to over 150 Acquisitions range from $10M to $4B+ Active in local community: LA CTO Forum, SoCal/LA Code Camp, Student4Startups
Questions for LADOTNETAbout You: How many Developers/Engineers? FrontEnd? BackEnd? DBA? DevOps? QA? Other? How many Project/Product managers? How many CTOs/VPEs/DirEngs? How many CEOs/CMOs/CFOs? Launching a new product? Overhauling an existing product? How many of you are having problems with Technology?
Los Angeles and SoCal ThenNot so long ago (1997 to 2007), LA was a vast wasteland of a few Technology companies and few and far between meetups: VIC – LA’s first networking good networking event TheSpot – Episodic content! GeoCities – A Silicon Valley story, in LA! DEN – Oh my. MySpace – LA’s first company to really spin-off lots of talent All in all: Very Anemic!!!
Los Angeles and SoCal NowNow we have a Vibrant Community: Successful companies Concentrated pockets of activity Meetups Conferences Hackfests Pitchfests Coworking facilities Incubator, Angels, VCs, and more Bootstrapping!
Awesome LA County Facts Never been easier (or harder) to start a company Infrastructure has achieved critical mass in SM, CC, Hwood, Silverlake, El Segundo, and more… Tons and tons of meetups – now broadcast online! Distance is less and less a factor Ripe for cross-fertilization between functional disciplines 3 of the Top 10 CS schools are in LA County Local schools are revving up Technology programs Incubator Explosion happening RIGHT NOW
LA/SoCal Now and Then From 1997 to 2012: The Difference is Enormous!!People should mover HERE to start companies, not the Bay Area!!!
Technology TrendsPure Technology Supporting Technology BigData/MapReduce Agile/Scrum/XP High Performance Ad Optimization Computing Analytics Natural Language Search Processing User Experience NoSQL Real-time/PubSub Web Video
Future Technology Leadership1. Participate in the community (meetups, conferences)2. Establish relationships early (while still in school!)3. Learn technology ACTUALLY being used4. Contribute to Open Source – add it to your resume5. Seek out Internships – part-time and summer6. Learn about business, too Special thanks to Darren Rush and Students4Startups for this gem!
Business Trends Lean Startup and Customer Development Commodity business plans Celebrity + eCommerce = Revenue Lead Generation More Location Based Services Hyper Local Daily Deals Real-time Hyper Local Deals More PAAS and SAAS Easy-Peasy Analytics Companies More Buy, Less Build
Incubator ExplosionAt least 9 incubators Amplify.LA launched in SoCal in idealab (2.0) the last year… K5Launch LaunchpadLA MuckerLab Science Silverlake HQ StartEngine UpStartLA
Local Business Building Ecosystem Incubators Angels Venture Capitalists Bootstrapping And more…
Bootstrapping Build something in your spare time? Support someone building something? Commodity business models? Signed deals/MOUs/contracts BEFORE you build? Hackfests and pitchfestsTake away: Do whatever you can to get your product into customer’s hands, get feedback, and start generating revenue
Why Startups?Big Company Startup Never meet the CEO Guaranteed to meet Test a Feature the CEO Projects may never see Build Feature(s) light of day Projects launched in Employee #13412 production Part of core team
Questions? I have one! Do you know any… UX and Development Shops Technical Project Managers Developers/Engineers CTOs and more... What are your questions?