LAVA awards.The Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Venture Association named the LAVA award winners for 2005. Startup mobile phone network Amp'd Mobile Amp'd Mobile was a mobile phone service launched in the United States in late 2005. The company was a Mobile Virtual Network Operator and operated on the Verizon Wireless CDMA EV-DO network. Its primary non-Venture Capital investors were MTV Networks and Universal Music Group. Inc., based in L.A., won the award for best venture funding, raising more than $100 million in venture capital last year. Chief Executive Peter Adderton, an Australian and founder of Boost Mobile, accepted the award. Santa Barbara-based FastClick Inc. won for its $78 million IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in April, which was followed by a $284 million acquisition by ValueClick Inc. in August. Best exit went to Intermix in·ter·mix tr. & intr.v. in·ter·mixed, in·ter·mix·ing, in·ter·mix·es To mix or become mixed together. [Back-formation from obsolete intermixt, from Latin Media, creators of MySpace.com, which was acquired by News Corp. last year for a total of $580 million. Chief executive Richard Rosenblatt accepted the award. El Segundo-based media search firm Vendare Media, an Idealab company, won an award for best software financing. Staff Reporter Hilary Potkewitz can be reached at (323) 549-5225, ext. 226, or by e-mail at hpotkewitz@labusihess journal.com. |
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