La Jolla-based Enterprise Venture Partners is the largest venture capital firm headquartered in Southern California, with more than $1.1 billion in assets under management. It specializes in funding early stage technology companies. The firm does invest out of state, but it has a preference for companies close to its headquarters and preferably in California.
Managing Director Carl Eibl is confident that the company will continue to grow on the strength of Southern California, which he categorizes as "a very robust, very rich marketplace for company formation."
Enterprise Venture Partners tends to syndicate with Silicon Valley venture capital firms, but Eibl lauds the advantages of being located in Southern California rather than Silicon Valley.
The company has a very clear idea of the "disruptive" or market-changing plan it is looking for and is actively involved in the search. Trends the company is currently interested in include the convergence of IT and life sciences, miniaturization, digital content and virtual companies.