Venture capital firms: L.A. and Orange county-based, ranked by capital under management.

VENTURE CAPITAL FIRMS

L.A. and Orange county-based, ranked by capital under management

Rank   Firm (Ranking in 2004)         Capital       Project Profile
       * name                        (millions)    * minimum size (1)
       * address                      * total     * preferred size (1)
                                      capital      * number invested
                                                         in (2)

   1   Rustic Canyon Partners (2)       $720               $2
       2425 Olympic Blvd., Suite                          $3-5
       6050 West                                           56
       Santa Monica 90404

   2   GRP Partners (3)                 650                2
       2121 Avenue of the Stars,                           10
       Suite 1630                                          62
       Los Angeles 90067

   3   Clearstone Venture Partners      650                1
       (4)                                                1-5
       1351 Fourth St., Fourth                             62
       Floor
       Santa Monica 90401

   4   AIG SunAmerica Ventures (1)      600               0.1
       1 SunAmerica Center, 38th                          2-3
       Floor                                              30+
       Los Angeles 90067

   5   Palomar Ventures (6)             525               1-2
       100 Wilshire Blvd., Suite                          2-5
       450                                                 43
       Santa Monica 90401

   6   Kline Hawkes & Co. (5)           300                2
       11726 San Vicente Blvd.,                            6
       Suite 300                                           36
       Los Angeles 90049

   7   Pacific Venture Group (7)        210                1
       16830 Ventura Blvd., Suite                         3-5
       244                                                 44
       Encino 91436

   8   Smart Technology Ventures        200                1
       (9)                                                5-7
       1801 Century Park West,                             19
       Fifth Floor
       Los Angeles 90067

   9   Wedbush (11) (3)                 150                2
       1000 Wilshire Blvd., Suite                         2-7
       830                                                WND
       Los Angeles 90017

  10   ITU Ventures                     100               0.3
       1900 Avenue of the Stars,                           5
       Suite 1900                                          30
       Los Angeles 90067

Rank   Firm (Ranking in 2004)             Preferred Industries
       * name                                (partial list)
       * address

   1   Rustic Canyon Partners (2)       software, semiconductors,
       2425 Olympic Blvd., Suite                services
       6050 West
       Santa Monica 90404

   2   GRP Partners (3)                  financial services and
       2121 Avenue of the Stars,         technology, retail and
       Suite 1630                    restaurants, retail technology,
       Los Angeles 90067              outsourced business services

   3   Clearstone Venture Partners             technology
       (4)
       1351 Fourth St., Fourth
       Floor
       Santa Monica 90401

   4   AIG SunAmerica Ventures (1)             technology
       1 SunAmerica Center, 38th
       Floor
       Los Angeles 90067

   5   Palomar Ventures (6)             infrastructure software,
       100 Wilshire Blvd., Suite           networking telecom
       450                              infrastructure, wireless
       Santa Monica 90401                       solutions

   6   Kline Hawkes & Co. (5)         IT infrastructure, education
       11726 San Vicente Blvd.,      healthcare services, industrial
       Suite 300                         and business services,
       Los Angeles 90049                  environmental buyouts

   7   Pacific Venture Group (7)      health care services, medical
       16830 Ventura Blvd., Suite      devices, biomedical, health
       244                                       care IT
       Encino 91436

   8   Smart Technology Ventures        wireless communications,
       (9)                                  storage, network
       1801 Century Park West,         infrastructure, enterprise
       Fifth Floor                    software, telecommunications
       Los Angeles 90067

   9   Wedbush (11) (3)                  business and financial
       1000 Wilshire Blvd., Suite    services, consumer products and
       830                            services, niche manufacturing
       Los Angeles 90017

  10   ITU Ventures                  communications, semiconductors,
       1900 Avenue of the Stars,                software
       Suite 1900
       Los Angeles 90067

Rank   Firm (Ranking in 2004)                   Companies
       * name                                    Recently
       * address                                  Funded

   1   Rustic Canyon Partners (2)      Intrepid Learning Solutions,
       2425 Olympic Blvd., Suite      ePartners, Gluecode Software,
       6050 West                      Practice Technologies, Azaire
       Santa Monica 90404                        Networks

   2   GRP Partners (3)                Emida Technologies, OnTech,
       2121 Avenue of the Stars,          Lavar, NetSize, IfCo.
       Suite 1630
       Los Angeles 90067

   3   Clearstone Venture Partners                 WND
       (4)
       1351 Fourth St., Fourth
       Floor
       Santa Monica 90401

   4   AIG SunAmerica Ventures (1)        Synta Pharmaceuticals,
       1 SunAmerica Center, 38th         XenoPort, Corus Pharma,
       Floor                            IntraLuminal Therapeutics,
       Los Angeles 90067                     Network Physics

   5   Palomar Ventures (6)              Datallegro Inc., Newport
       100 Wilshire Blvd., Suite     Imaging Corp., Gamma Enterprises
       450                                Technologies, Wiquest
       Santa Monica 90401                     Communications

   6   Kline Hawkes & Co. (5)        Advanced Products Corp., Cogent
       11726 San Vicente Blvd.,          Communications Group, O2
       Suite 300                      Science, National Lab Partners
       Los Angeles 90049

   7   Pacific Venture Group (7)        Aethon Inc., Asteres Inc.
       16830 Ventura Blvd., Suite
       244
       Encino 91436

   8   Smart Technology Ventures         MarketWire, FutureTrade
       (9)
       1801 Century Park West,
       Fifth Floor
       Los Angeles 90067

   9   Wedbush (11) (3)                            WND
       1000 Wilshire Blvd., Suite
       830
       Los Angeles 90017

  10   ITU Ventures                          Holochip, XAware
       1900 Avenue of the Stars,
       Suite 1900
       Los Angeles 90067

Rank   Firm (Ranking in 2004)          Preferred         Source of
       * name                          Financing           Funds
       * address                       Stage(s)

   1   Rustic Canyon Partners (2)    seed, early,      institutions,
       2425 Olympic Blvd., Suite        growth           investors
       6050 West
       Santa Monica 90404

   2   GRP Partners (3)                   all          institutional
       2121 Avenue of the Stars,                         investors
       Suite 1630
       Los Angeles 90067

   3   Clearstone Venture Partners       early         institutional
       (4)                                              investors,
       1351 Fourth St., Fourth                         universities,
       Floor                                             pensions
       Santa Monica 90401

   4   AIG SunAmerica Ventures (1)   later, growth          WND
       1 SunAmerica Center, 38th
       Floor
       Los Angeles 90067

   5   Palomar Ventures (6)              early         institutional
       100 Wilshire Blvd., Suite                        investors,
       450                                             pension plans
       Santa Monica 90401

   6   Kline Hawkes & Co. (5)         mid to late      institutional
       11726 San Vicente Blvd.,                         investors,
       Suite 300                                        individuals
       Los Angeles 90049

   7   Pacific Venture Group (7)         early        private limited
       16830 Ventura Blvd., Suite                        partners
       244
       Encino 91436

   8   Smart Technology Ventures      early, mid,    private investors
       (9)                               late
       1801 Century Park West,
       Fifth Floor
       Los Angeles 90067

   9   Wedbush (11) (3)              later, growth          WND
       1000 Wilshire Blvd., Suite
       830
       Los Angeles 90017

  10   ITU Ventures                      seed            pension,
       1900 Avenue of the Stars,                         corporate
       Suite 1900
       Los Angeles 90067

Rank   Firm (Ranking in 2004)        Top Local Executive(s)
       * name                        * name
       * address                     * title
                                     * phone

   1   Rustic Canyon Partners (2)    Tom Unterman
       2425 Olympic Blvd., Suite     managing partner
       6050 West                     [phone]
       Santa Monica 90404

   2   GRP Partners (3)              S. Lebow/Y Sisteron
       2121 Avenue of the Stars,     managing ptnrs., founders
       Suite 1630                    [phone]
       Los Angeles 90067

   3   Clearstone Venture Partners   Bill Elkus
       (4)                           managing director, founder
       1351 Fourth St., Fourth       [phone]
       Floor
       Santa Monica 90401

   4   AIG SunAmerica Ventures (1)   M. Gamsin/T. Fukumoto
       1 SunAmerica Center, 38th     president/managing dir.
       Floor                         [phone]
       Los Angeles 90067

   5   Palomar Ventures (6)          James Gauer
       100 Wilshire Blvd., Suite     general partner
       450                           [phone]
       Santa Monica 90401

   6   Kline Hawkes & Co. (5)        Frank R. Kline
       11726 San Vicente Blvd.,      managing partner
       Suite 300                     [phone]
       Los Angeles 90049

   7   Pacific Venture Group (7)     E. Kurtin/L. Crouch
       16830 Ventura Blvd., Suite    managing directors
       244                           [phone]
       Encino 91436

   8   Smart Technology Ventures     David Nazarian
       (9)                           founding member
       1801 Century Park West,       [phone]
       Fifth Floor
       Los Angeles 90067

   9   Wedbush (11) (3)              E. Wedbush/G. Bland
       1000 Wilshire Blvd., Suite    president/managing dir.
       830                           [phone]
       Los Angeles 90017

  10   ITU Ventures                  Jonah Schnel
       1900 Avenue of the Stars,     managing partner
       Suite 1900                    [phone]
       Los Angeles 90067

N/A - Not Applicable

WND - Would Not Disclose

(1) In millions.

(2) Number of companies invested in since inception.

(3) Listed as E*Capital Corp. last year.

Note: Information on this list was provided by representatives of the
firms themselves. In order to qualify, venture capital firms must be
headquartered in Los Angeles County. Firms are ranked by the amount
of capital under management companywide and the number of projects
completed since inception, respectively. Forrest Binkley & Brown, No.
8 last year, has shifted to private equity funding.

To the best of our knowledge, this information is accurate as of
press time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors sometimes
occur. Please send corrections or additions on company letterhead to
the Research Department, Los Angeles Business Journal, 5700 Wilshire
Blvd., Suite 170, Los Angeles 90036. [c]2005 Los Angeles Business
Journal. This list may not be reprinted in whole or in part without
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