Explaining Southern California's economy

PHOTOS: A Visit to Idealab in Pasadena


Matthew DeBord

Welcome to Idealab, a new business incubator founded in 1996 and located in Pasadena, Calif.


Matthew DeBord

Entrepreneurs in an innovation tank need aquatic life in an aquarium, for metaphorical reasons and to relieve startup stress.


Matthew DeBord

Idealab is currently working with a number of companies in its innovative, open-space environment.


Matthew DeBord

Idealab provides the services that startups require, including legal and HR.


Matthew DeBord

If you're an entrepreneur, you're going to need financial advice, at some point. Maybe at every point.


Matthew DeBord

It isn't just social media startups and tech companies. Idealab maintains a workshop for entrepreneurs who need to build stuff out of something other than bytes.


Matthew DeBord

It never hurts to have an accessible rooftop, where you can prototype solar projects.


Matthew DeBord

I'm Matt DeBord, your DeBord Report business and economics blogger from KPCC 89.3, and I approve of this visit to Idealab. More to come...

Today, I dropped by Idealab, the business incubator in Pasadena, to learn a bit more about the startup scene in Southern California. They were kind enough to show me around their unique space and briefly chat about what they do, why they do it, and how they do it. 

Here's a timeline of the operation, which was founded in 1996 by Bill Gross and has moved through a number of iterations. They are to a certain extent building the future here, and that's always a good energy to be around. Idealab is also fostering new businessers and new technologies right here in SoCal, establishing an interesting alternative to the Bay Area (although certainly not acting as if NoCal doesn't exist). They're even beginning to explore so-called "angel" investing, with a new in-house ventures group.

Have a look around! And, if you want to get a sense of how entrepeneurship is affecting working life in Los Angeles during an economic downturn, check out KPCC's Shereen Marisol Meraji and her visit to NextSpace, a co-working business in Culver City.

Follow Matthew DeBord and the DeBord Report on Twitter.

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