November 13, 1998 |
Venture capital investments in Southern California surged to a record $289.7 million in the third quarter, up 47% from the second-quarter total of $197.2 million and 15% higher than $251.2 million a year earlier, PricewaterhouseCoopers reported. A total of 27 firms received financing in the latest quarter in the region, which encompasses Los Angeles, Orange, Ventura and Santa Barbara counties.
March 16, 2000 |
Sequoia Capital has invested an estimated $7 million in Tonos Inc., an Internet music company founded by songwriter Carol Bayer Sager and record producers David Foster and Kenneth "BabyFace" Edmonds. The Culver City-based music firm is expected to launch a Web site in April that the founders say will function as a "music industry insiders' network," providing visitors with online instruction, tips and gossip about the record business.
February 3, 1992 |
Government Treasury securities look so safe. But investors of public money learned that looks can deceive, thanks to Newport Beach financial consultant Steven D. Wymer. He is accused of defrauding a dozen small cities--including Orange--out of at least $113 million. Autumn Zamzow and Peggy Eckroth are co-owners of a Dana Point firm that advises municipalities on investments, and Eckroth is a board member of the Local Agency Investment Fund, a state investment pool.
January 23, 2010 |
Information technology was knocked from its pedestal as the darling of venture capitalists last year, receiving fewer dollars than the healthcare industry for the first time on record, according to a report on venture capital funding. Venture capitalists infused the healthcare industry with $7.7 billion in 701 deals in 2009, compared with $6.1 billion invested in 817 information technology deals. But the shift at the top between the two industries wasn't caused by any surge in capital.
April 6, 2006 |
Altra Inc., a Los Angeles-based biofuel company, said it received $50 million in financing from a group of private investors including venture capitalist Vinod Khosla, a founder of Sun Microsystems. Altra, founded in 2004 as Malibu Capital Partners Inc., acquires and develops projects using renewable energy, including ethanol and biodiesel. The investors are Khosla Ventures, Angeleno Group, Kleiner Perkins Caufield & Byers, Omninet Private Equity and Sage Capital Partners.
June 25, 2002 |
Haverford Capital announced plans to invest $300 million in real estate in the West during the next 18 months. The El Segundo company has completed initial funding for Haverford Realty Investors to provide capital to real estate developers and investors. Investments in the $1.5 million to $10 million range will be made in office, industrial, retail, apartment and condominium projects in California, Denver, Las Vegas, Phoenix, Portland, Ore., Salt Lake City and Seattle.
June 11, 1993 |
American businesses are spending their profits on machinery to enhance the productivity of existing workers rather than hiring more people, according to two government reports released Thursday. Companies surveyed by the Commerce Department in April and May said they will increase investment spending on new buildings and equipment by 6.4% this year. Such an increase would be the largest since an 11.4% rise in 1989.
January 6, 2000 |
Finance giant GE Capital said it will make a $10-million investment in Los Angeles-based TelePacific Communications, a business-to-business telecom and Internet provider. "We're fortunate to have been recognized by such an established, reputable organization like GE Capital," said TelePacific's Chairman and CEO David Glickman. The cash infusion is expected to help the privately held TelePacific expand in California and Nevada.
June 19, 2008 |
Nearly one-third of the country's top executives expect to cut payrolls in the coming months, reflecting fallout from the housing bust as well as soaring energy prices. At the same time, a survey by the Business Roundtable, released Wednesday, showed that most executives expect sales and capital investment to remain at current levels or even improve over the next six months.
September 7, 1995 |
The amount of money invested in young California companies nearly tripled during the second quarter as venture capitalists, loaded with cash, have become increasingly bullish on high-tech companies, according to a survey. While most of the $768 million invested in California went to Silicon Valley companies, Southland firms received $203.6 million in venture capital, more than twice the previous quarter. Orange County firms picked up $46.3 million, compared to $29.