Guest post written by Mike LaSalle
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Mike LaSalle is a partner with Shamrock Capital Advisors, a Los Angeles-based private equity firm that invests in media, entertainment and communications companies.
Los Angeles is the home to one of the most enduring American dreams: Everyday, some of the best creative minds get off the bus from Anywhere, USA with dreams of becoming the next Hollywood phenom.
San Francisco, San Jose, New York, Seattle. These cities have also been homes to an American Dream, albeit a different one: everyday, engineers, business leaders and innovators arrive to create the next great company. These cities have been at the forefront of building the foundation of the revolution happening in media and entertainment. From start-ups and growth equity to good ol’ fashioned buyouts, these cities have been at the forefront of innovation and a magnet for capital.
They are important economic and cultural centers that attract talent. In addition, they all have an incredible source of homegrown talent from local universities. Los Angeles excels in these areas, too. So, why has Los Angeles traditionally not been on that list?
