The $4 billion-dollar acquisition of Honey by PayPal has brought the Los Angeles venture scene into a white hot spotlight.
From PitchBook, December 11th
PayPal's recent $4 billion acquisition of shopping-discount platform Honey was the latest indication that Los Angeles can pull off billion-dollar exits. The deal represented the city's largest sale of a tech startup and was the second-biggest exit after Snap's $19.7 billion IPO in 2017. In another high-profile episode, Dollar Shave Club sold to Unilever for $1 billion in 2016.