For years, Silicon Valley has been the first thought when someone says Startups and Incubators, however Los Angeles is trying to change that. In this Start-Up Spotlight, we’ll be featuring three LA Based Startup Incubators trying to change that. While Los Angeles may be famous for Hollywood, Crips and Scientology, companies such as MySpace, Helio, and Picasa have all started here as well.
Pinterest, the social pinning website that has been public less than two months is to be valued at $500 million, so says private financial data companyPrivCo. Little back story first before we go into why this is what will be proven as the Tech company that causes the bubble to burst in Silicone Valley.
Pinterest is a virtual pinboard. Pinterest allows you to organize and share all the beautiful things you find on the web. You can browse pinboards created by other people to discover new things and get inspiration from people who share your interests.
More after the break…
In the age of billion dollar IPO’s, Paul Allen backed Audience, a microprocessor company based in Silicon Valley, has filed for an initial public offering to the beat of $75 million dollars.
In their S1 filing Audience said “Our products enable a more consistent voice and audio experience, regardless of the use case or surrounding noise environment.” Audience will be traded on the NASDAQ with the ticker symbol ADNC.
Although they aren’t as well know as Qualcomm, Intel, Texas Instruments or NVIDIA, Audience claims that they have sold 135 million mobile and tablet processors to OEM’s like Samsung and HTC and carriers as large as AT&T and DoCoMo. Audience’s first processor went on the market in 2008 and was announced at the CTIA mobile show that year.
source: VB
Nick Tippmann
Kyle