Tuesday, July 26, 2011

Los Angeles Ranks Among Top AngelList Cities

The Los Angeles area ranks among the top markets for activity on the angel investment service AngelList, according to new statistics released by the service Monday. According to AngelList, Los Angeles was third in the list of top five locations with activity on the service. That list included Silicon Valley, New York, Los Angeles, London, and Chicago. AngelList helps broker individual angel investments in startups. The service said it has given 8000 introductions and brokered 400 investments in startups. Among local companies who have used the service are EcoMom, headed by Jody Sherman; MomentFeed, the location analytics firm run by Rob Reed; AffordIt, the service headed by Wil Schroter; Movieclips the movie clip site founded by Richard Raddon and Zach James; and BetterWorks, run by Paige Craig.

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