Today we are happy to announce we have been acquired by Valley Girl Inc.
As you may have seen, we recently battled with the decision of closing down lalawag. Part of the reason for this was simply time; we didn’t have it anymore. We were hoping that someone would step forward and be able to continue capturing the spirit of LA Tech. As it turns out a lot of people were interested, but Jesse Draper and Jonathan Polenz of Valley Girl Inc, were ready with a deal. We decided to sell to them for several reasons.
To begin with, we liked their energy. We wanted to make sure lalawag went to someone who could renew it with new content and new ideas . Next, we like web video and have always wanted to see more of it here on lalawag. They happen to make a lot of well produced videos with big names. Finally they were just easy to work with and complete the deal.
So please take a moment to welcome the new owners of lalawag and continue to support them as passionately as you have supported us. This was our first baby, a project very close to our hearts and we will miss it dearly. So much so that we have persuaded Valley Girl Inc. to let use contribute to the site when we have some extra of that precious time we mentioned above.
Thanks for all the support and love. Kisses,
Sean and Laurie
More over on TechCrunch