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Fourth-Quarter Venture Capital Investments In Los Angeles County.


     Fourth-Quarter Venture Capital Investments In Los Angeles County
                               BIOTECHNOLOGY
                                           Amt. Invested   Funding
Capital Recipient        Investors          (millions)      Stage
Ceres             Oxford Bioscience Ptnrs.      $17        Fourth
Malibu                   and others                       & beyond
                             Nature of
Capital Recipient            Business
Ceres             Developer of agricultural tech-
Malibu                nology to improve crops
Total Sector Investment: $17 million
No. of Deals: 1
Percent of 4th Qtr. Total: 2.0%
                             BUSINESS SERVICES
                                                             Amt. Invested
Capital Recipient                   Investors                 (millions)
BizBuyer.com                 CMG@Ventures, Redpoint              $38.5
Santa Monica               Ventures, US Venture ptnrs.
Castling Group                LF International Inc.              $0.5
Santa Monica
E-ppraisal Inc.           ECICS Mgmt. Pte Ltd., Golden           $1.06
Westlake Village            Eight Venture Capital LP
eBiz.net Inc.             Columbia Capital, First Union           $60
El Segundo                  Capital Ptnrs and others
Eruptor                       Chase Capital Ptnrs.                $2
Marina del Rey                     and others
Go Warehouse.com          Draper Fisher Jurvetson, Sun           $3.5
Santa Monica                 America, Zone Ventures
Mediafloor Inc.        Enterprise Ptnrs, Infinity Capital        $12.7
Santa Monica           Venture Fund, Sprout Group, others
PeopleSupport.com            Accel Ptnrs, Benchmark              $17.6
Los Angeles          Capital, Idealab Capital Ptnrs., others
Prime Advantage Corp          Partech International               $2
El Segundo                         and others
Produce OnLine              Altos Ventures and others            $3.2
Pasadena
WebVision Nova Quest               TL Ventures                   $1.5
Torrance
                       Funding                Nature of
Capital Recipient       Slage                 Business
BizBuyer.com            Third      Help small businesses identify
Santa Monica                          qualified vendors online
Castling Group        lnitial/     Provider of internet strategy,
Santa Monica            Seed        technology & design services
E-ppraisal Inc.        Second        Automated valuation service
Westlake Village                     for residential real estate
eBiz.net Inc.           First       Business to business web and
El Segundo                          application hosting solutions
Eruptor                  Not       Destination site for teens and
Marina del Rey       Categorized    home of cutting-edge products
Go Warehouse.com      Initial/      Provides inventory mgmt. and
Santa Monica            Seed         logistics tracking services
Mediafloor Inc.         First     Automation of time/bid solicita-
Santa Monica                      tion process for media production
PeopleSupport.com       Third         Provide Internet customer
Los Angeles                                    support
Prime Advantage Corp   Bridge       Online trading community for
El Segundo                             manufacturing companies
Produce OnLine         Intial/     Allows growers & buyers to pool
Pasadena                Seed     transaction information & cut costs
WebVision Nova Quest   Second    Application service provider giving
Torrance                         fully functional Internet presence
Total Sector Investment: $142.6 million
No. of Deals: 11
Percent of 4th Qtr. Total: 16.7%
                        ELECTRONICS/INSTRUMENTATION
                                               Amt. Invested Funding
Capital Recipient            Investors          (millions)    Stage
Cyrano Sciences Inc.  Johnson & Johnson Dev.,      $7.5      Second
Pasadena             Marquette Venture Ptnrs.,
                       Oak Investment Ptnrs.
                               Nature of
Capital Recipient               Business
Cyrano Sciences Inc. Mfg. electronic software which
Pasadena             identifies odors & interprets
                              sensory data
Total Sector Investment: $7.5 million
No. of Deals: 1
Percent 4th Qtr. Total: 0.9%
                            FINANCIAL SERVICES
                                                      Amt. Invested Funding
Capital Recipient              Investors               (millions)    Stage
ePolicy.com Inc.          ARCH Venture Ptnrs.              $6        First
Torrance
iExchange              Idealab, Kleiner Perkins           $28.5     Fourth &
Pasadena                   Caufield & Byers                          Beyond
Propertyfirst.com      Amerindo Investment Adv.,          $44.3      Second
Alhambra          Brentwood Venture Cap., Oak Invest.
                  Ptnrs., Sun America, TMCT Ventures
                             Nature of
Capital Recipient            Business
ePolicy.com Inc.      Provide small business
Torrance                 insurance online
iExchange             Online marketplace for
Pasadena               financial information
Propertyfirst.com Provide electronic listing svc.
Alhambra          for comm. real estate industry
Total Sector Investment: $78.76 million
No. of Deals: 3
Percent of 4th Qtr. Total: 9.3%
                           HEALTH CARE SERVICES
                                                      Amt. Invested Funding
Capital Recipient                Investors             (millions)    Stage
Aspen Youth Services         Frazier Healthcare           $0.8       Bridge
Cerritos                 Investments, Sprout Group
DrDrew.com                Garage.com Investments,          $8        Second
Pasadena               Softbank Tech Ventures, others
iBenefits                  Endeavor Capital Mgmt.          $10       Second
El Segundo                       and others
Preferred Health Mgmt.        Essex Woodlands             $0.14     Fourth &
Woodland Hills            Health Ventures Fund III                   Beyond
                                   Nature of
Capital Recipient                  Business
Aspen Youth Services    Education & treatment services
Cerritos                       for at-risk youth
DrDrew.com              Interactive health & lifestyle
Pasadena                Web site for 18-to 34-year-olds
iBenefits               Web-based benefits enrollment &
El Segundo               admin. svcs. to midsize firms
Preferred Health Mgmt.    Diagnostic service broker &
Woodland Hills         financing in health care industry
Total Sector Investment: $18.94 million
No. of Deals: 4
Percent of 4th Qtr. Total: 2.2%
                                INDUSTRIAL
                                                         Amt. Invested
Capital Recipient                  Investors              (millions)
Capstone Turbine Corp.       EnerTechCap. Ptnrs.,             $10
Tarzana                     Nth Power Technologies,
                       Rho Management, Sevin Rosen Funds
                       Funding        Nature of
Capital Recipient       Stage         Business
Capstone Turbine Corp. Fourth & Compact micro-turbine
Tarzana                 Beyond    systems & engines
Total Sector Investment: $10 million
No. of Deals: 1
Percent of 4th Qtr. Total: 1.2%
                          NETWORKING & EQUIPMENT
                                             Amt. Invested Funding
Capital Recipient         Investors           (millions)    stage
InternetConnect   Crosspoint Venture Ptnrs.,      $10      Second
Marina del Rey    Spectrum Equity Investors
                           Nature of
Capital Recipient           Business
InternetConnect   Internet solutions for small
Marina del Rey     & medium sized businesses
Total Sector Investment: $10 million
No. of Deals: 1
Percent of 4th Qtr. Total: 1.2%
                                 NEW MEDIA
Capital Recipient                       Investors
Creative Planet                 Chase Capital Ptnrs., East
North Hollywood                 River Ventures and others
Edmunds.com                      General Electric Pension
Beverly Hills                      Trust, Rare Ventures
elndia.com                        Alta Ptnrs./Burr Egan
Simi Valley                   Deleage & Co., WS Investments
Handshake.com                     Idealab Capital Ptnrs.
Los Angeles                             and others
HomePage.com Inc.                 Idealab Capital Ptnrs.
Pasadena                                and others
Iwin.com                          Rader Reinfrank & Co.
Santa Monica                            and others
Kidsonline.com                    Idealab Capital Ptnrs.
Pasadena
MediaNet Communications                Avalon Tech-
El Segundo                          nology and others
MixMe Networks                    Chase Capital Partners
West Hills                              and others
OnlineLearning.net               St. Paul Venture Capital
Los Angeles                             and others
PayMyBills.com                    Idealab Capital Ptnrs.
Pasadena                                and others
Rotor.net                       Global Crossing Ventures,
Los Angeles                            Sprout Group
Thirsty.com                      Comdav Investments, Con-
Los Angeles             stellation Venture Cap., Northstar Capital
Toptutors.com                     Idealab Capital Ptnrs.
Santa Monica                            and others
X:drive                               Dawntreader LP
Santa Monica                            and othrs
                        Amt. Invested   Funding
Capital Recipient        (millions)      Stage
Creative Planet              $25         First
North Hollywood
Edmunds.com                  $10       Initial/
Beverly Hills                            Seed
elndia.com                 $3.025        First
Simi Valley
Handshake.com                $4          First
Los Angeles
HomePage.com Inc.          $12.02       Second
Pasadena
Iwin.com                     $25         First
Santa Monica
Kidsonline.com              $0.67       Second
Pasadena
MediaNet Communications     $4.36       Second
El Segundo
MixMe Networks              $0.6         Third
West Hills
OnlineLearning.net          $2.1          Not
Los Angeles                           Categorized
PayMyBills.com               $30         Third
Pasadena
Rotor.net                    $12         Third
Los Angeles
Thirsty.com                  $10       Initial/
Los Angeles                              Seed
Toptutors.com                $5         Second
Santa Monica
X:drive                      $20        Second
Santa Monica
                                     Nature of
Capital Recipient                     Business
Creative Planet          Provide news, features & products
North Hollywood               to film production firms
Edmunds.com                 Provides automobile reviews,
Beverly Hills                consumer info and analysis
elndia.com                Website for international Indian
Simi Valley                     community from India
Handshake.com              Internet referral service for
Los Angeles                hiring local service providers
HomePage.com Inc.            Provide homepage svcs and
Pasadena                 destination of consumer homepages
Iwin.com                   Offers online games, contests
Santa Monica                        and raffles
Kidsonline.com                    Trading Web site
Pasadena
MediaNet Communications   Offers content production appli-
El Segundo              cations for film/video professionals
MixMe Networks           Offers Web-based, original, audio
West Hills                 technology for e-mail service
OnlineLearning.net       Provides branded distance learning
Los Angeles               for continuing education market
PayMyBills.com              Provides personal Web-based
Pasadena                      bill management service
Rotor.net                   Content site of interactive
Los Angeles                    media on the Internet
Thirsty.com                 Online entertainment network
Los Angeles                  targeting "Generaltion Y"
Toptutors.com              Helps teachers conduct one-on-
Santa Monica             one tutoring from their own homes
X:drive                 Online virtual storage "soft" tools/
Santa Monica             applications available on Internet
Total Sector Investment: $163.8 million
No. of Deals: 15
Percent of 4th Qtr. Total: 19.2%
                          PUBLISHING/BROADCASTING
                                      Amt. Invested Funding
Capital Recipient        Investors     (millions)    Stage
Buenavision Telecomm. MESBIC Ventures     $0.2      Fourth &
Los Angeles             Holding Co.                  Beyond
                           Nature of
Capital Recipient          Business
Buenavision Telecomm. Own & operate cable
Los Angeles           television systems
Total Sector Investment: $0.2 million
No. of Deals: 1
Percent of 4th Qtr. Total: 0.0%
                          RETAILING/DISTRIBUTION
                                                               Amt. Invested
Capital Recipient                  Investors                    (millions)
Carparts.com              Brand Equity Ventures, CMG@               $42
Santa Monica           Ventures, Ravenswood Cap. Venture,
                  Rho Mgmt., St. Paul Venture Cap. and others
CarsDirect.com              Foundation Cap., Goldman               $280
Culver City            Sachs, Hambrecht & Quist, Idealab,
                  Morgan Stanley Dean Witter, Oracle, Primedia
DVD Express                   Geocapital Partners                  $2.6
Los Angeles                        and others
E-Style                  Global Retail Ptnrs., Goldman              $45
Los Angeles             Sachs, Maveron, Oak Investment,
                         Vulcan Ventures, Zone Ventures
eNutrition.com               Idealab Capital Ptnrs.                 $4
Woodland Hills
eTeamz                          rocket Ventures                     $1
Los Angeles
The Walking Co.                 Stratford Equity                    $6
Chatsworth                     Ptnrs. and others
                   Funding               Nature of
Capital Recipient   Stage                Business
Carparts.com       Second     e-commerce sales of auto parts
Santa Monica                     to consumers & businesses
CarsDirect.com    Fourth &     Website serves as online pur-
Culver City        Beyond   chasing destination for automobiles
DVD Express        Bridge   Online retailer of digital movies,
Los Angeles                       videos, games and music
E-Style             Third   Online retailer of baby and mater-
Los Angeles                     nity clothing and products
eNutrition.com      First      E-commerce site for nutrition
Woodland Hills                   products; fitness content
eTeamz            Initial/   Online sports community for ama-
Los Angeles         Seed       teur leagues, teams, athletes
The Walking Co.   Mezzanine   Retail stores selling walking/
Chatsworth                             comfort shoes
Total Sector Investment: $380.7 million
No. of Deals: 7
Percent of 4th Qtr. Total: 44.7%
                         SEMICONDUCTORS/EQUIPMENT
                                  Amt. Invested Funding
Capital Recipient     Investors    (millions)    Stage
Pivotal Technologies Goldman Sach      $10      Second
Pasadena              and others
                                    Nature of
Capital Recipient                   Business
Pivotal Technologies Sell application designs to tech firms;
Pasadena                collect license fees; not a mfg.
Total Sector Investment: $10 million
No. of Deals: 1
Percent of 4th Qtr. Total: 1.2%
                                 SOFTWARE
                                                       Amt. Invested
Capital Recipient                Investors              (millions)
Electric Pal                   Zone Ventures                $1
Culver City
Internet Dynamics          ARCH Venture Ptnrs.,            $0.45
Westlake Village     Walden Grp. of Venture Cap. Funds
StorActive Inc.            The CIT Group/Venture            $1
Marina del Rey            Capital Inc. and others
Thinque System Corp.   Enterprise Partners, InnoCal         $2
Universal City
                       Funding                  Nature of
Capital Recipient       Stage                   Business
Electric Pal          Initial/     Internet-based communications tool
Culver City             Seed            and online personal agent
Internet Dynamics     Fourth &     Developer of software that provides
Westlake Village       Beyond    solution for intranet/extranet security
StorActive Inc.          Not           Continuous data protection
Marina del Rey       Categorized       software for networked PCs
Thinque System Corp.   Bridge         Provider of mobile solutions
Universal City                      targeting consumer goods services
Total Sector Investment: $4.5 million
No. of Deals: 4
Percent of 4th Qtr. Total: 0.5%
                            TELECOMMUNICATIONS
                                                   Amt. Invested   Funding
Capital Recipient            Investors              (millions)      Stage
Sonoma Systems      Lazard Tech Ptnrs., The CIT        $7.5          Not
Marina del Rey    Group/Venture Cap., Walden Group               categorized
                              Nature of
Capital Recipient             Business
Sonoma Systems    Design/market products for broad-
Marina del Rey       band network access market.
Total Sector Investment: $7.5 million
No. of Deals: 1
Percent of 4th Qtr. Total: 0.9%
Survey data has been obtained from venture
capitalists responding to the questionnaire and/or
from capital recipients identified by the venture capitalists.
All data subject to change.
Source: PricewaterhouseCoopers LLP
COPYRIGHT 2000 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Los Angeles Business Journal
Article Type:Illustration
Geographic Code:1U9CA
Date:Feb 14, 2000
Words:1749
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