Los Angeles Venture Association Presents Best of Awards for Lifetime Achievement, Venture Financing, M&A, IPO; Bob Hoff of Crosspoint Ventures, Five Companies in Software, Communications, Biotech Honored At Third Annual Awards Dinner.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. -- The Los Angeles Venture Association (LAVA) today announced its Best of 2005 awards presented to five winning companies for venture financing, M&A and 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. , and its Lifetime Achievement award. The winners were honored at LAVA's third annual awards dinner last night in Westwood, which was attended by many of Southern California's leading venture capitalists, entrepreneurs, executives, bankers, and other professionals. "The LAVA awards were designed to honor the most successful venture financings and lifetime venture achievements in the region," said Doug Burke, LAVA board member and a managing director at Pagemill Partners. "The quality of this year's winners and the outstanding attendance at the event demonstrate that entrepreneurship is back in full swing in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, ." This year's LAVA award winners included companies from Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. to Orange County, representing the diverse geography of Southern California's technology industry: --Best Venture Financing for Biotechnology and Medical Devices was presented to TherOx, an Irvine-based developer of aqueous oxygen technology to treat oxygen-deprived tissues and conditions. --Best Venture Financing for Communications and Semiconductors was awarded to 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. , the first integrated mobile entertainment company for youth, young professionals and early adopters. --Best Venture Financing for Software and Media went to Vendare Media of El Segundo El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , a leading online media and performance-based marketing company that reaches more than 120 million unique consumers every month worldwide. --Best M&A Exit was presented 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, a leading Internet marketing company combining extensive consumer reach, innovative technologies, and superior content to provide advertisers, partners and affiliates with unique and effective opportunities. --Best IPO was awarded to FastClick, a Santa Barbara-based leader in online marketing services that offers marketers the ability to reach over 70 percent of all Internet users and provides publishers with tools that maximize revenue and customer experience. This year's Lifetime Achievement award went to Bob Hoff, general partner in the Southern California office of Crosspoint Ventures, an early stage venture fund with over $1 billion of committed capital. Bob established the Southern California office for Crosspoint in 1983 and, since that time, has been involved as a first round investor and board member in a number of successful companies, including Com21, Efficient Networks, iPivot, PairGain Technologies, STAC 1. (language) STAC - Storage Allocation and Coding Program. 2. (company) STAC - The company responsible for Stacker and stac compression. http://stac.com/. and USWeb/CKS. Bob also served as a director of the National Venture Capital Association from 1996 to 1999. Net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the LAVA Awards dinner will be donated to Bob Hoff's selected charity, the Court Appointed Special Advocates (CASA Ca´sa n. 1. A house or mansion. I saw that Enriquez had made no attempt to modernize the old casa, and that even the garden was left in its lawless native luxuriance. - Bret Harte. ) of Orange County. For more information about LAVA or to become a member or sponsor, visit www.lava.org. About CASA Founded in 1985, CASA of Orange County serves children who, for their own protection, have been removed from their homes and placed in foster care. Judges refer the most serious cases of child abuse and neglect to CASA so that one volunteer can spend time each week with one abused child, build a relationship and bridge the fear that comes with going through the court-dependency process. CASA volunteers are appointed by the Juvenile Court juvenile court Special court handling problems of delinquent, neglected, or abused children. Two types of cases are processed by a juvenile court: civil matters, often concerning care of an abandoned or impoverished child, and criminal matters, arising from antisocial to serve as advocates and mentors for abused children going through dependency court proceedings. The unique one-on-one relationship that forms between the volunteer and dependent child is often the only stable, positive relationship the child has. About LAVA Since 1985, LAVA has been providing forums where entrepreneurs and executives of middle-market companies actively meet and learn from fellow executives, investors, bankers, financial advisors and other providers of professional services. LAVA's monthly breakfast meetings and Presidents and Distinguished Speakers Lectures feature exceptional presentations by prominent members of the investment, entrepreneurial, business and academic communities. The annual Investment Capital Conference and frequent Investment Capital Seminars are the region's premiere forums on investment capital. LAVA also co-produces events with many of its affiliated organizations. |
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