Blog

11.12.15

Los Angeles’s Secret to Startup Success

When Los Angeles was listed as the fastest-growing tech startup region in 2014, many guesses were raised about the root cause of its success. Could it be the large number of new companies? Is it the culture or community atmosphere? But trying to boil it down to a single trait minimizes its impact. No, to see the strength of Los Angeles’ startup scene, you must look at the whole story.

The LA Tech Summit is a great example. For three years now, Cornerstone OnDemand has been using this conference to celebrate the successes of local startups and to look to the future of technology. While the initiative is still new and growing, it’s a symbol of why LA’s startup scene is poised for long-term, sustainable growth. It’s a sign of preexisting businesses sharing the keys to their accomplishments and reinvesting in the future of the industry.

This kind of reinvestment — which is also being done by General Assembly, WeWork, Cross Campus, local startups, and more — is what builds a home for the region’s tech newcomers. This is one of the essential ingredients that make up a sustainable startup community.

Read the full article here.