So much attention has been paid to improving urban mobility, starting with ride-sharing, shared scooters, bicycle lines but not much has been paid to improving the accessibility and availability of parking. Metropolis is on a mission to change that. It’s a sophisticated parking management system, powered by computer vision, that leverages technology to improve the experience of parking for both consumers and parking garage operators. With a single app, consumers can find convenient parking options and pay without having to worry about availability, payments, tips, and the like. For operators, in addition to cost savings, they are finally able to gain valuable data on capacity, utilization, and customer behavior while having their locations staffed by dedicated teams from Metropolis. LA TechWatch caught up with CEO, Cofounder, and repeat founder Alex Israel (ParkMe acquire by Inrix) to learn more about the state of the parking industry, the company’s expansion plans, latest round of funding from investors that include Starwood Capital, 01 Advisors (Dick Costolo and Adam Bain), Dragoneer, Slow Ventures, Zigg Capital, DivcoWest, RXR (Scott Rechler), Dan Doctoroff, Baron Davis, Halogen Ventures (Jesse Draper), and Gideon Hixon.
For independent musicians, finding and securing a venue for your next performance is difficult and time-consuming, and there is no guarantee that you’ll leave at the end of the night with a pocket of cash. FanFlex is the do-it-yourself booking platform that allows venues to list their space and availability dates, allowing musicians to easily book venues and sell tickets directly to fans through the FanFlex platform. The two-sided marketplace lets venues shift their focus from selling tickets to maximizing food and beverage revenue, while the musician controls the ticket sales. LA TechWatch caught up with Cofounder Erik Nelson to learn more about FanFlex and how his background in the entertainment industry served as the genesis for the platform.
With COVID-19 spreading rapidly throughout the nation, summer travel plans have been halted and people are planning to spend more time at home and in their backyards. The demand for outdoor furniture, grills, and patio heaters is surging. Outer is an innovative direct-to-consumer outdoor furniture brand that’s meeting this demand. CEO and Cofounder Jiake Liu walks us through how the brand is adapting to the pandemic, the company’s plan to expand its line, and latest funding round from prominent LA investors and operators that include Mucker Capital, Wavemaker, George Ruan, Eddy Lu, Nick Green, Ariel Kaye, and Mark Geller.
Renovations are stressful, but when the process is combined with a bad contractor, a renovation can quickly turn into a horror story. GreatBuildz wants people to have great renovation experiences and avoid unreasonable extra charges, poor craftsmanship, and project delays. The company has built a screening service to match vetted contractors to projects. GreatBuildz ensures […]
Two constants have guided my professional life: venture capital and real estate. Every year, I eagerly await to see which portfolio will produce greater returns. Today, in the words of the great (fictional) New Yorker George Louis Costanza, “Worlds are colliding!” Enertiv, a New York Angels investment, keeps growing with an impressive client list of property managers and […]
Recently, private equity giant Blackstone Group announced the acquisition of Colony Capital for $5.9 billion, a deal that encompasses 60 million square feet of warehouse space across 465 facilities. Blackstone is reported to manage now over $250 billion worth of property worldwide, and the Colony purchase comes on the heels of previous warehouse acquisitions of Singapore’s GLP […]