The annual Seed Accelerator Rankings (crafted by Rice University, MIT and University of Richmond) were announced yesterday and LA was once again well represented on the short list. Home-grown accelerators MuckerLab and Amplify LA were two of the top 10. Boulder's Techstars — which runs a healthcare accelerator in partnership with Cedars Sinai — was also on the first tier.
The crypto sector has seen massive amounts of growth since last summer and decentralized finance apps like Donut are reaping the benefits. Since launching its app in September of last year, the company’s user base and assets under management have seen 40 percent monthly growth.