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.