Los Angeles is the entertainment capital of the world, but it's also a flourishing tech ecosystem. With more engineers graduating in Southern California than any other metro area nationwide, Los Angeles has skilled talent ready to build. A minority-majority city, LA has long been recognized as one of the most diverse areas in the country. With multiple thriving economies and nearly 5 million residents, Los Angeles also holds the number one spot in the U.S. when it comes to the five-year survival rate of new businesses. On a different note, LA is personally meaningful for Backstage, as it's where we've been headquartered since we began in 2015. We're #LongLA.
We'll have much more to share soon about the LA program. Stay tuned.