Malibu, CA
Presented ByWellfound
Votes
4
Startups
3
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Malibu, CA - Startup Scene

Malibu is a coastal city located in southern california known for its luxurious lifestyle celebrity residents and stunning beaches the city has a population of around 13000 people and is a popular tourist destination malibu has a growing startup scene with many new businesses emerging in the area over the years the citys location in southern california has made it an attractive location for startups as it provides access to a large pool of talent and resources as well as a strong focus on technology and innovation geographically malibu is known for its stunning beaches rugged terrain and upscale lifestyle the area is home to many startups and small businesses in a variety of industries including hospitality real estate and ecommerce the city has several colleges and universities including pepperdine university and santa monica college which provide a skilled workforce for startups to draw from in terms of technological innovation malibu and the surrounding areas have made significant strides in recent years particularly in the areas of ecommerce and digital marketing the government has launched several initiatives to support the growth of the regions technology sector including funding and incubator programs some notable companies headquartered in malibu include hulu an online streaming service and ring a home security company in terms of key historical events malibu is known for its association with the entertainment industry as well as its role as a hub of innovation and creativity in terms of the living wage the minimum wage in california is around usd 14 per hour as of 2021 the actual cost of living in malibu is relatively high compared to other cities in the region the unemployment rate in malibu is around 36 as of 2021 the area has a diverse job market with a strong focus on hospitality real estate and ecommerce in terms of citylevel gdp malibu has a relatively small economy with a gdp of around usd 12 billion as of 2019 the rate of new companies starting and ending in malibu is difficult to determine but there has been a significant increase in startup activity in the region in recent years the government and local business organizations have launched several initiatives to support entrepreneurship including funding and mentorship programs overall the startup scene in malibu is thriving due to its location in southern california its access to resources and its strong focus on technology and innovation the growing number of startups and government support bode well for its future as a hub of innovation and business despite some challenges related to the areas high cost of living and competition from other cities in the region

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