The Crescent Newsletter #18
Goodchange, the VC's influence in the NBA, and the latest LA tech news
*ICYMI, here's last week’s issue.
In spite of midterms and finals right around the corner, we’ve got some exciting updates this week:
Featuring Goodchange and Between the Lines
The intersection between the NBA and Venture Capital
The latest LA tech news and job listings
The Crescent Team
*If you’re a student building something cool, want to join Crescent, or just want to chat, reach out to us at firstname.lastname@example.org.
Goodchange is a new Claremont-founded social impact startup; 2 of Crescent’s very own partners, Shaun KewalRamani and Justin Guo, are in its Founding Team! Yesterday night, Goodchange went live — featuring 3 “Recipes for Social Good”: one to Protect the Right to Choose, one for Relief in Ukraine, and one for Animal Justice & Compassion. Check them out here!
Featuring: Between the Lines
Crescent Fund was recently featured in Between the Lines!
What’s Between the Lines? It’s a newsletter that tells stories about the Claremont Colleges’ entrepreneurship and technology community. Started by two Claremont alumni, Miles & Josh, they share insights from interviews, use data to tell stories about the Claremont ecosystem, and share career opportunities from Claremont employers.
Members of the Claremont community have raised capital, acquired customers, and made hires through features and connections made in Between the Lines. Subscribe here to learn more.
Crescent Partner Highlights
Golden State Warriors X VC
This week, Crescent Partner Luca Traverso writes about how VC ideals have transformed The Golden State Warriors’ management team and franchise from being “mediocre at best” for decades into one worth over $6 billion. Read more to learn about how the Golden State Warrior’s owner Joe Lacob’s three decades of VC experience have reimagined what a professional sports team can be.
The Southern Californian Tech Landscape
With the rising demand for electric cars and a lack of access to necessary infrastructure like charging stations, Orange County-based climate venture firm Elevation Ventures is raising $50 million to target seed-stage companies in SoCal focused on building new products and services that will lead to greater access to clean technology.
Amazon will be expanding into Southern California, adding more than 2,500 corporate and tech jobs including roles like software development and game design. Fifteen sites in SoCal were opened over the past year and Amazon aims to continue expanding its locations in Santa Monica, Irvine, and San Diego.
Santa Monica-based software engineering start-up LinearB is helping software engineers working remotely from home manage their workflow. The start-up has raised $50 million in Series B funding, taking its total capital up to $71 million. This most recent round of funding was led by San Francisco’s Tribe Capital, Salesforce Ventures, Battery Ventures, and 83North.
Software Dev + Engineering:
Marketing + Content:
*If you’re interested in helping out Southern California student founders through advising or becoming an LP feel free to reach out to email@example.com.
Thanks for checking in with us this week. We’ll see you all next week.