Upfront Ventures Managing Partner Mark Suster talks with Recode’s Kara Swisher about leading the oldest and largest venture capital firm in Los Angeles. He explains why he rejects the term “Silicon Beach,” preferring “LA Tech,” and what people miss when they think of Southern California as a less-techie place than Silicon Valley. Suster says the increasingly common overfunding of tech companies and overpaying of tech workers in the San Francisco area are discouraging innovation. He also discusses how the geography of entrepreneurship in SoCal is changing, why Upfront-backed smart doorbell maker Ring sold to Amazon, and what people get wrong about one of LA's sexiest tech companies, Snap.