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  #81  
Old Posted Feb 14, 2014, 9:07 AM
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Originally Posted by DJM19 View Post
This article is sort of positive? I dont know why it seems to be acting like LA is just on its way with start ups just because its not silicon valley. I've seen LA ranked the number 3 in start up ecosystems in the world.
I think LA has always been top 3 in VC funding, but nearly all of the tech startups have been swallowed up by Silicon Valley-based tech companies. In addition, LA hasn't really made a big splash since Myspace. That's the gist of the story -- that LA has yet to shell out something "blockbuster" and that it's just starting to come into its own with Snapchat, Rubicon Project, etc. and the recent emergence (and burgeoning) "Silicon Beach". The tech community now has a name (even if it's not very creative) and it's somewhat accurate, as the Santa Monica-Venice-Playa Vista-El Segundo corridor is contiguous (and along the ocean).
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  #82  
Old Posted Feb 14, 2014, 9:12 AM
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Originally Posted by DJM19 View Post
This article is sort of positive? I dont know why it seems to be acting like LA is just on its way with start ups just because its not silicon valley. I've seen LA ranked the number 3 in start up ecosystems in the world
I would love to see that study. 3rd in the world? LA got a little more than half of Boston's VC in 2012 (Bay Area: $10.88 billion, Boston: $3.10 billion, LA: $1.68 billion). A larger volume of VC deals indicates a start up has a better chance of attracting interest, but I would like to see the mean value of these deals.

Concentration of VC firms with deep pockets is what makes a metro a real start up hotspot. London's 3i has 4.9 billion pounds to invest - one firm alone has more funds at its disposal than every VC firm in LA combined. Granted Bay Area firms will have branches in LA, but local firms? All I can think of are Clearstone VP in Santa Monica and a big branch of Jerusalem VP, and together Wikipedia says they have less than $2 billion in funds.

Good graphic:


source

Not trying to be negative here - clearly LA is one of the top 5 VC markets in the US. But I would say it's 4th in the country, with about half of both the value and the volume of funds available in either Boston or New York. Never mind the Bay Area, which commands a jaw-dropping 40.1% of all VC investments and 30.7% of all deals for 2013. Boston was 11.5% / 10.8% and New York was 8.4% / 10.0%; LA was 6.2% / 6.1% respectively. London might even be bigger than Boston now as well in both measurements.
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  #83  
Old Posted Feb 14, 2014, 9:31 AM
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Originally Posted by Shawn View Post
I would love to see that study. 3rd in the world?
He's probably referring to this:

http://techcrunch.com/2012/11/20/sta...-lead-the-way/

That's obviously very different than a discussion about the biggest centers for VC funding (which is concrete and indisputable), but it's interesting nonetheless. At least this study involved research and the application of a clear methodology, unlike the crap Forbes lists we see all the time. For what it's worth, Seattle, NYC, and Boston round out the top six.
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  #84  
Old Posted Feb 14, 2014, 9:57 AM
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Granted Bay Area firms will have branches in LA, but local firms? All I can think of are Clearstone VP in Santa Monica and a big branch of Jerusalem VP, and together Wikipedia says they have less than $2 billion in funds.
http://yoheinakajima.com/2013/09/17/...n-los-angeles/

Quote:
15 Notable Venture Capital Firms in Los Angeles

By Yohei Nakajima
September 17, 2013

Whether you call in Silicon Beach, the LA startup community, or the Los Angeles tech scene, it’s pretty much one and the same. What fuels it? Money. Here are a list of notable local Venture Capital firms, links to find out more about them, where they’re headquartered, and some notable investments they’ve made.

...

A-Grade Investments
HQ: Los Angeles
Notable Investments: Fab.com, SocialCam, Getaround, Couple

Anthem Venture Partners
HQ: Santa Monica
Notable Investments: Beachmint, Scopely, SurfAir, BUZZMEDIA, Big Frame

Baroda Ventures
HQ: Beverly Hills
Notable Investments: Science Inc, Surfair, Fab, Retention Science, Dog Vacay, Letuce, 20JEANS, Chromatik

CAA Ventures
HQ: Century City
Notable Investments: 20JEANS, NuORDER

Canyon Creek Ventures
HQ: Santa Monica
Notable Investments: Amplify LA, Invested.in, At the Pool

Clearstone Venture Partners
HQ: Santa Monica
Notable Investments: The Rubicon Project, Glossi, At The Pool

Crosscut Ventures
HQ: Santa Monica
Notable Investments: Docstoc, GumGum, StyleSaint, Lettuce, Eventup

Karlin Ventures
HQ: Westwood
Notable Investments: Invested.in, Amplify LA, ChowNow, PageWoo, Bitium

New World Ventures
HQ: Chicago (LA Office: Westwood)
Notable Investments: Truecar, Beachmint, Big Frame, Eventup

Palomar Ventures
HQ: Santa Monica
Notable Investments: Fulcrum Microsystems, ExteNet Systems, Predixion Software

Rustic Canyon
HQ: Santa Monica
Notable Investments: Science, Docstoc, LoopNet, Chromatik

Redpoint Ventures
HQ: Menlo Park (LA Office: Westwood)
Notable Investments: Twilio, PandoDaily, Machinima, Stripe, Path, Heroku, SocialVibe

Siemer Ventures
HQ: Santa Monica
Notable Investments: Technorati, Vator, Ranker, Amplify.LA, Surf Air, Stack Social, 20JEANS

Steamboat Ventures
HQ: Burbank
Notable Investments: Merchant Circle, EdgeCast Networks, GoPro, Photobucket

TenOneTen Ventures
HQ: LA
Notable Investments: Kaggle, Ranker, Nearwoo, Divshot, Surfair, Scopely

Upfront Ventures
HQ: Century City
Notable Investments: TRUECar, Factual, Maker Studios, Adly, NuORDER, DailyLook
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  #85  
Old Posted Feb 14, 2014, 10:48 AM
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And here's a more comprehensive list of venture capital firms in LA County. Some are large private equity firms that invest beyond the tech sector. Companies with $100+ million in managed capital:

Alcatel Ventures (Los Angeles) -- $125 million

Clarity Partners (Beverly Hills) -- $1 billion

Clearstone Venture Partners (Santa Monica) -- $450 million

DynaFund Ventures (Torrance) -- $220 million

Palomar Ventures (Los Angeles) -- $300 million

Smart Technology Ventures (Los Angeles) -- $175 million

SunAmerica Ventures (Los Angeles) -- $850 million

http://labusinessconnect.com/uploads...tal%5B1%5D.pdf
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  #86  
Old Posted Feb 14, 2014, 12:27 PM
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I haven't been following this discussion, so my apologies ahead of time if it has been mentioned. It is not a venture capital firm, but International Lease Finance Corp., one of the world's largest aircraft leasing firms, is also headquartered in LA.
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  #87  
Old Posted Feb 15, 2014, 5:50 AM
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^
They're huge. I was at their office in Century City this week. They own 989 planes, mostly international airlines. They're 2nd or 3rd in the world.
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  #88  
Old Posted Feb 16, 2014, 8:40 PM
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Good graphic:

source
Haha! As a socialist, I find it highly comical and ironic that the Bay Area, which is seen by many to be highly Leftist, to have the most venture capital firms.

This is what creates snobs and elitism.
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  #89  
Old Posted Feb 16, 2014, 9:26 PM
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Is LA in decline? No. Nonetheless, it has yet to find it's place in the post-industrail paradigm. IMO trying to replicate Silicon Valley in LA is a fools errand.
I think part of the problem is that has yet to integrate its diverse (post-80’s) population into any kind of universal social order. Did technology alone create Silicon Valley? No. The culture of the greater San Francisco area played a very significant role.

LA will continue to 'wander in the wilderness' until it develops a new culture. I think it will eventually do this. And the sooner the better. I just don’t know what it will take to do this. Time + Leadership? Better communication between the various groups? How do you do this in a city like LA? It will take more than rail lines and a vibrant downtown but that is step in the right direction. IMO LA needs to look less to New York or San Francisco for inspiration and more to mega polyglot cities- like Bangkok.

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  #90  
Old Posted Feb 16, 2014, 10:06 PM
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Haha! As a socialist, I find it highly comical and ironic that the Bay Area, which is seen by many to be highly Leftist, to have the most venture capital firms.
Eh, Silicon Valley isn't exactly "highly leftist", and I don't think too many would think such a thing.

Sand Hill Road, the heart of VC Country, is generally pretty moderate politically, and that general area does not have strong political leanings.

SF and Marin and Oakland/Berkeley, yeah, but that isn't where the VC firms tend to be concentrated. Sand Hill Road is, by far, the most important street on earth for tech VC.
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  #91  
Old Posted Feb 17, 2014, 1:06 AM
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IMO LA needs to look less to New York or San Francisco for inspiration and more to mega polyglot cities- like Bangkok.
In terms of what, urban form? The whole "but LA is a multi-nodal, polycentric city" discussion point is both rudimentary and not worth having at this point because it was first introduced on here a better part of a decade ago. Yes, LA doesn't have a traditional urban layout and therefore shouldn't aspire to be like those cities with said traditional urban layouts. It is Tokyo, not NYC. Very interesting.

The basic seeds of LA's urban renaissance/revolution have already been sown. At this point, we have a pretty good idea of what areas are ripe for heavy development and gentrification. We're not building a city from scratch. We're not going to see radical changes to its urban landscape, nor do we need to. What we need is more smart development and better urban design, accompanied by usable transit systems. We have a somewhat defined direction, but we lack a clear urban identity.
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  #92  
Old Posted Feb 17, 2014, 1:29 AM
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Actually, if you want to have a discussion about which cities have set good precedents for LA to follow, I'd look to Toronto and DC (and not Tokyo/Bangkok). Toronto in particular has both urban and suburban characteristics and has done a fairly successful job at blurring those lines and marrying the two spatial entities. The result is a quirky and spontaneous, yet well-integrated urban paradigm that functions well enough.
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  #93  
Old Posted Feb 17, 2014, 4:40 AM
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This guy is really setting the bar high for himself by saying all the right things. He just took office not too long ago, so we'll see how much and how well he can deliver. Not too many complaints so far...

http://gizmodo.com/the-mayor-of-los-...-to-1522617988

Quote:
The Mayor of Los Angeles Would Like to Introduce You to the New L.A.



By Alissa Walker
February 14, 2014

"I want to set some ground rules for what I think we all should do in L.A., which is to really resist cliché," stated Los Angeles Mayor Eric Garcetti last night during a future-focused public event at Occidental College. While "certain publications"—which the mayor did not name, but we all know who they are—like to make L.A. into a story of density vs. sprawl, pedestrian vs. car, he said, it's never that easy to define us.

"There's a sense that Los Angeles is changing in some very profound ways," agreed Los Angeles Times architecture critic Christopher Hawthorne, who moderated last night's conversation. "I think what people are really interested to hear about is the mayor's perception of that change and his vision to shepherd that change along."


CicLAvia, L.A.'s open streets event, brings over 100,000 attendees into car-free streets three times a year

By way of provocation, Hawthorne started with a series of L.A. images. The legendary Julius Shulman shot of a glittery urban grid below Case Study House #22. The car-free roads of downtown during the open streets festival CicLAvia. Joaquin Phoenix gazing over a skyscraper-strewn L.A. in Her.

In a way, these represented L.A. past, present, and future: a visual trajectory that begins with our global recognition for the single family house, to a slow shrugging off of the automobile, to a dense, vertical—and largely unknown—future. The last image illustrated a kind of "anxiousness" we're currently feeling about getting to that future, said Hawthorne. "What is the appropriate response to the way we design that city?"


In Her, set in the L.A. of the near future, Joaquin Phoenix rides a fictitious subway to the sea

As a longtime friend of the design and tech worlds, Garcetti is kind of the perfect person to help make that transition. His former house, where he lived when he was president of the city council, was featured in Dwell, making him an instant darling to the local architecture community. As a city council member, he also pioneered the city's first 311 app; he is a proponent for open data; and he has openly committed to boosting the tech scene. He's also young. As an active social media user who has made some pretty solid jokes on Twitter, the 43-year-old is also perceived as one of the most culturally in-touch and tech-savvy mayors currently in office. (At one point during the talk, Garcetti took a photo on his phone and posted it to Instagram while onstage. Mayors, they're just like us!)

But the role of design, transportation and technology within the larger context of his leadership are still a bit vague. Several times last night, Garcetti emphasized that his priority is—first and foremost—to improve quality of life, something he even wants to attach metrics to (perhaps like the well-being index that nearby Santa Monica is pioneering). We need to become "organicists": people who listen to and understand the needs of the whole city, Garcetti said. "By doing that, L.A. creates the greatest platform for innovation, creativity, and for life anywhere on this earth."

So how do we get there? Quality of life most impacts us when it comes to navigating the city itself, he added. Unlike his predecessor, who expanded the transit network as a series of empire-building dramatics, Garcetti has a more humanistic approach: "At the end of the day people just want to get home and be with their kids." This means not only tackling traffic but also creating self-contained neighborhoods that help Angelenos live more locally.


Crews at work on the Expo Line, a real-life light rail-to-the-sea that will reach Santa Monica next year

Recently, the city's biggest transportation "solution" has consisted of widening our freeways, with the latest 405 Freeway construction closure—the not-so-adorably named "Jamzilla"—happening this weekend. Garcetti didn't seem to approve—"Widening the 405 is analogous to finding a slightly bigger sponge to throw in the ocean," he said, to laughs—but he hasn't really done anything to stop our gluttonous highway expansions, other than suggesting a subway to run beneath the 405.

What about removing freeways? asked Hawthorne, referring to successful, traffic-mitigating highway removal projects in San Francisco and other cities. "Could we find a little runt freeway and take it out of commission?" Garcetti said most likely not, but he offered a compromise: Because they do close freeways sometimes on the weekend for film shoots, how about the open streets festival CicLAvia taking over a stretch of highway?

Another way to improve quality of life, of course, is a more robust rail system, something we'll see with the completion of the Expo Line to Santa Monica next year. But what about that fabled train to LAX? "If that's not underway by the time I'm gone, that's a good way to judge me," said Garcetti. The best plan, as he sees it, is to bring the proposed Crenshaw light rail line close to the airport and to remove auto traffic from the terminals. All passengers would enter the airport by car or train at a transportation center (near Aviation/Century on this map) where they would board a people-mover to get to all the terminals. The problem, of course, is funding.

The LAX train might be started by the time he leaves office, but it's more likely that Garcetti's biggest accomplishments will be in the urban design realm. Last fall, he introduced the Great Streets Initiative—his first executive directive—which focuses on creating pedestrian-enhanced streets for dozens of neighborhoods.

While short on details last night, Garcetti gave an example of the neighborhood of Atwater Village, where the business district on a very wide and dangerous stretch of Glendale Boulevard had benefitted from improvements made as part of a "pedestrian-oriented overlay zone": medians with trees, cafe seating, diagonal parking, wider sidewalks. The neighborhood was recently named best in the city at Curbed LA, he said. "We can revitalize these villages one at a time."


The MyFigueroa project will add the city's first separated cycletracks

Remaking L.A. streets would be a fitting legacy for Garcetti. He was an early supporter of CicLAvia and was instrumental in appointing the city's first pedestrian coordinators at LADOT, who are now implementing the ped-friendly People St. program. He's adding 40 miles of bike lanes a year as part of the bike plan, including the city's first separated cycletracks proposed as part of the MyFigueroa streetscape improvement project (above) for downtown and South L.A. (Garcetti publicly stated last night that he supports the project, which is currently facing serious opposition.) He also plans to expand the city's urban design studio office, which currently consists of one person, into a three-person committee. This would give support to transformative public architecture projects like schools and libraries, as well as the city's ongoing river revitalization, which he equated to a High Line for L.A.

Garcetti's commitment to urban design will also be seen in the success of re:code LA, an ambitious plan to rewrite the city's zoning code, which has not been updated since the 1946. Garcetti cautioned that it's not necessarily changing the zoning of L.A.— "community plans will change zoning"—but re:code LA will help translate elements of the zoning code into human language. "The reason to rewrite our zoning code is that it's so difficult to do business here," said Garcetti. "We're trying to simplify so people can really understand what their city is all about." This is where we'll also be able to watch his prowess with managing open data and working with tech leaders.


Julius Shulman's 1960 photo of a house in the Hollywood Hills is only one outdated version of L.A., but the one most people remember

...
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  #94  
Old Posted Feb 17, 2014, 5:04 AM
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Encore...

I can't find a video on YouTube (or anywhere else) of the whole discussion. Bummer.

Quote:
Mayor Eric Garcetti On 'Connecting' Los Angeles

By Maxwell Williams
February 14, 2014

...

The most significant changes that Garcetti invoked were a population-fueled necessity to urbanize and a desire to shake up the infrastructure that was built for another time's isolationist city, one where people didn't need parks, because the parks were their front lawns. "There's a limit to the old way of navigating the city," said Garcetti. "We have to create spaces that are more compact, more varied. [And] people are increasingly hungry for some sort of meaning in their life. There's a richness of life that people are discovering at the same time that they're facing tougher challenges with navigation. Most people don't spend their day worrying about the design of their buildings. They spend their day worrying about how long it's going to be until they get home."

Hawthorne argued that, perhaps because of increasing frustrations with a car-addled city, more people are trying to live locally. Garcetti agreed, telling an anecdote of settling first in Silver Lake, which became a fashionable neighborhood, and then in Echo Park, which many people said wouldn't improve, but did. Pointing to the evolving York Boulevard, the mayor said, "It's not that the trendiness has shifted from place-to-place, because those other places have embedded, it's that people do want a more self-contained neighborhood -- a place they can live, a place they can work, a place they can go for a drink, a place they can have dinner. People determine where they're going to live by: 'Where am I going to spend the bulk of my time?'"

One of the common gripes about neighborhood life is the utter dearth of parkland, a vestige of that time when Angelenos considered their yards all the green space they needed. When Garcetti was the city council member for the east side of Los Angeles in the 2000s, he increased the number of parks from 16 to 48. "[It was] done there when land prices were soaring, [and] when there wasn't a lot of extra money lying around," the mayor said, describing enlisted entities like the Neighborhood Land Trust and the Trust for Public Land, who could move more nimbly than the city could, and working with Community Garden Councils to put gardens in. "As mayor, that should be the goal for green space: to have a park within walking distance for everybody in Los Angeles."

At this point, the conversation shifted to public transportation, another of L.A.'s elephantine problems. "We're 40 percent there to interconnectivity," lamented Garcetti. "It's a painful moment, because people are stuck in traffic, and they say, 'You really want me to ride the subway or the bus?' It's still slower, and it's slower five percent each year. Widening the 405 is like finding a slightly bigger sponge to throw in the ocean, whereas a north-south line along that corridor is ideal. Getting rail to LAX, which I'm committed to doing. With the Expo Line, if you live on the far west side, you'll have an option next year to go from 'the sand to the symphony' in 40 minutes. And the Crenshaw Line will be a gamechanger for South Los Angeles."

Hawthorne pressed on the hot-button topic of the LAX rail, which has seen several changes and proposals run through the ringer over the past few weeks. "I can't guarantee it will be done by the time I leave, but if it's not underway, that's a pretty good way to judge me," Garcetti opined, before describing the two main proposals - building the Crenshaw Line directly into the airport, or building a nearby stop that will connect to a people mover. "You want the option with the least 'schlep,'" said Garcetti, who made no secret of his preferred proposition. "We're studying what I think is the superior option of bringing [the Crenshaw Line] into a place called LAX Connect, which you could drive to or come off the subway, and every two minutes or so, you'd have a people mover to take you to every terminal."

The end of the talk bounced around from the aesthetics of public architecture like schools, libraries, and Metro stations; turning Los Angeles into a biking city on par with Portland; a total revamping of the L.A. River; PLAN re:code, which will help simplify the incredibly complicated city zoning codes and create an online resource; and the Great Streets Initiative, which promotes beautification, public art, a sense of place, and an encouragement of good planning, will move along at a pace of three to five streets a year, said Garcetti. "We can revitalize this collection of villages, one village at a time," he continued.

One area of Los Angeles that is in a rapid process of growth is Downtown Los Angeles, which has arisen more questions than answers. "Downtown's a huge place," said Garcetti, who seemed as vexed by it as anyone. "As much as the middle seems pretty sweet right now, the poles are worrying. What do we do with ongoing homelessness? Forget gentrification: the working poor are less easy to find Downtown than the abjectly poor. The investment [of commerce] I'm very grateful for; that has been tremendous to our economy and to the experience of L.A., but it can feel soulless at time like at L.A. Live, where it feels brutalist. [But] there's a place for that. Convention-goers are not necessarily college students. All of Downtown can't be the hip, enjoyable, music bar scene. It has to suit the suits, the sports fans, and everyone else in between."

Garcetti left the audience with a neologism about what he wants the citizens to become rather than nostalgists or utopians: "organicists," those people who "look at the difference between each one of these nodes that we call neighborhoods, figure out ways to connect them in strong new manners, but also at the end of the day, realize the city breathes around us. I think that's the L.A. that will show to be the greatest platforms for innovation, for creativity, and for life."
http://www.kcet.org/arts/artbound/co...re-critic.html
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  #95  
Old Posted Feb 17, 2014, 5:58 AM
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Eh, Silicon Valley isn't exactly "highly leftist", and I don't think too many would think such a thing.

Sand Hill Road, the heart of VC Country, is generally pretty moderate politically, and that general area does not have strong political leanings.

SF and Marin and Oakland/Berkeley, yeah, but that isn't where the VC firms tend to be concentrated. Sand Hill Road is, by far, the most important street on earth for tech VC.
Yes, even Silicon Valley is liberal and the entire Cngresssional delegation is represented by Democrats. With that said, hopefully Mike Honda prevails over Ro Kahanna this year.
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Old Posted Feb 17, 2014, 6:02 AM
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@Quixote:

Is your photo Eric Garcetti orPhil Dunphy? I find them to look very similar.
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Old Posted Feb 17, 2014, 6:10 AM
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^ You're the first one to ever make that observation.

Um, well, I changed my avatar after posting two encouraging articles about our new mayor. You figure it out.
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Old Posted Feb 17, 2014, 6:26 AM
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Yes, even Silicon Valley is liberal and the entire Cngresssional delegation is represented by Democrats. With that said, hopefully Mike Honda prevails over Ro Kahanna this year.
I don't think so. How does the fact that "Congressional delegation is represented by Democrats" make an area "leftist"?

If anything, Silicon Valley is one of the least liberal parts of the Bay Area, and a description as "leftist" sounds really odd. Santa Clara, along with Contra Costa, tend to be the most conservative of the Bay Area counties. Now it votes Democrat, like 90% of urban counties in the U.S., but hardly "leftist".
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Old Posted Feb 17, 2014, 1:39 PM
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^ You're the first one to ever make that observation.

Um, well, I changed my avatar after posting two encouraging articles about our new mayor. You figure it out.
Mea culpa-- I haven't been following this entire thread. From what I've observed, it seems like Eric Garcetti has been doing a pretty decent job so far.
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Old Posted Feb 18, 2014, 12:31 AM
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Yes! Found one...

Video Link
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