LA/NYC, LA/London, Irvine/Tel Aviv, San Diego/Tel Aviv - the dual headquarters trend
October 30th, 2007 by Benjamin KuoIt’s interesting, in the last few months I’ve noticed an increase in the number of dual-headquartered companies where one of the legs is in the Southern California area. The combinations I am seeing most seem to be Los Angeles / New York City (particularly in the media and content space); Los Angeles / London (Internet and computer gaming companies); and Irvine or San Diego / Tel Aviv (Hardware and software companies).
It’s clear why these companies are co-locating here; in the case of the LA/NYC deals, it looks like companies are finding it beneficial to be linked to both the Los Angeles and New York community (Madison Avenue, etc.). In the case of Los Angels and London, it looks like some of the connections are due to the Hollywood and computer gaming industry; finally, in the Irvine and San Diego (and sometimes LA) linkage to Israel, it’s the strong ties to Israel via the Jewish population and ex-Israelis living here, plus relationships with hardware and semiconductor firms here.
It’s quite common to see this with Silicon Valley companies (particularly in the case of Israeli companies), but until recently I hadn’t noticed as much of this down here.
