Is it just me, or is the LA tech scene finally outshining SV this cycle? Seeing so much local heat around SpaceX and Anthropic lately. I’ve been talking to a few folks who are moving away from the one big bid model and using $10k SPVs to just build a basket of these LA heavy names.
Much easier than fighting for a direct cap table spot. Anyone else rebalancing their private portfolio this month?

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A lot of new "stuff" engineering companies choose LA over SF because of the aerospace and defense workforce that's already here

It's a different skillset than software

Counterintuitively, the "stuff" engineering companies also have a higher probability of success because they typically have fewer competitors due to the high cost of entry

Exactly. The barrier to entry for 'hard tech' is what makes the LA ecosystem so resilient. Seeing it first hand with the launch cadence at Vandenberg lately that infrastructure is a massive competitive moat. 🚀

It's why names like SpaceX and Anthropic (with their new $30B revenue run-rate) are the anchors of the secondary market right now. Pure software is great, but LA 'stuff' engineering is where the real scale is happening.

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