Fenwick corporate partner Bill Schreiber, who represents start-up companies from incorporation through an exit and public companies in acquisitions and joint ventures, spoke with The Recorder about the continuing growth of technology start-ups on the west side of Los Angeles and Fenwick’s work with clients in this bourgeoning market.
The gorgeous stretch of land from Venice Beach to Santa Monica is more than just sun, beach, and grand, modern homes. Los Angeles Westside is now dubbed Silicon Beach because of the growing number of venture-backed new media companies located there. (Wikipedia.com puts the number of technology startup companies in Silicon Beach at over 500.)
Schreiber told The Recorder that Los Angeles-based companies “are every bit as interesting and potentially as world changing” as Silicon Valley-based companies. He added that he and fellow Fenwick partners Mark Stevens, Bill Bromfield, Sam Angus and Cindy Hess are regular visitors to this new technology hotbed of innovation and are very much involved with market players, including start-up incubators Amplify L.A. and Science.
“In addition to companies Green Wave Reality, a manager for home energy, and BitVault, provider of security for bitcoins, Fenwick represents scores of consumer-facing companies so often associated with L.A.’s startup scene, such as online retailer Nasty Gal, health food and drink company Urban Remedy, gaming console maker OUYA, and digital gaming companies SGN Games and Riot Games,” The Recorder reported. Other Fenwick clients based in Southern California include Amplify, Dexcom, Green Dot, Kareo, Ouya, Sonos, Ubiquity and WhisperText, as well as Gravity, which was acquired by AOL earlier this year.
With about 15 to 20 clients headquartered in Los Angeles, Schreiber told The Recorder that he has traveled to the area to meet with clients every six weeks for the past four years.
The full article is available through The Recorder website (subscription required).