VENTURE CAPITAL FIRMS.Ranked by capital under management in L.A. & Orange county offices EXECUTIVE SUMMARY THANKS to a muscular economy and a phenomenal success rate by dot-com companies, L.A. County saw an unprecedented influx of money last year. Venture capital investments totaled $1.8 billion in 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. , Ventura and 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. counties, up from the $513.3 million invested in 1998. There were 135 more deals closed in 1999 than the year before. Those results put 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, third in the nation behind New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. and Northern California -- which has long dominated every other region. A comparatively small portion of last year's investments -- 15.1 percent - went into new media. The biggest industry for venture capital in L.A. last year was retail/distribution, which attracted 31.5 percent of the venture dollars, followed by business services with 21.4 percent. All told, the 15 venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] on the list have $7.78 billion under management. THE PACESETTER REDPOINT VENTURES BRENTWOOD Venture Capital became two separate companies last October, Redpoint Ventures and Palladium Venture Capital. Redpoint Ventures specializes in everything Internet-related, including infrastructure, software and e-commerce, while Palladium Venture Capital focuses on health care. Brentwood still exists as a partnership overseeing these two funds. According to Redpoint's managing director, Brad Jones, much of its capital derives from university endowment funds Endowment funds Investment funds established for the support of institutions such as colleges, private schools, museums, hospitals, and foundations. The investment income may be used for the operation of the institution and for capital expenditures. from such schools as Harvard, Yale, Princeton, Cornell, the University of Chicago, Northwestern, Stanford and the UC system. Its three biggest investments in 1999 went to the following companies: Nexgenix, a consultancy for e-commerce firms based in Irvine that got $20 million; Multilink Technology Corp., a Santa Monica company that makes telecommunications components and received $15 million; and CIM (1) (Computer-Integrated Manufacturing) Integrating office/accounting functions with automated factory systems. Point of sale, billing, machine tool scheduling and supply ordering are part of CIM. Vision International, another telecommunications component firm based in Long Beach that got $14 million. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion