Flipagram, Stance socks, Honor and Headspace are among the week's L.A. tech highlights

With venture capitalists more guarded about where to put their cash amid a global economic slowdown, many technology start-ups are having to shed costs and generate profits sooner than expected. "If you want to become profitable at all costs, you're leaving users and growth on the table," said Farhad Mohit, chief executive of the image-sharing app. His Los Angeles company raised 70 million from investors about a year ago, a big haul that's still fueling the business today. The app enables people to create a slideshow from photos and videos, place samples of popular music in the background, add effects and share it with friends. Flipagram can get a small cut of sales if users buy a full song.