The study, which was conducted by Jon Funk of Ocean Road Partners (also  of Allegis Capital), used data from our own venture capital database, additional data from Dow Jones/VentureSource, as well as private data collected by Redpoint Venturs’ Greg Martin. MySpace, Shopzilla,  Rent.com, Lowermybills, etc.) This morning, we published the results of an extensive study of the impact of venture capital companies on Southern California in terms of exit values, finding that exits from VC-backed firms between 1995 and 2009 generated an astounding $48 billion (billion with a capital B) in value.

The study, conducted by Jon Funk of OceanRoad Partners , includes data from socalTECH.com's proprietary venture database , Dow Jones/VentureSource, and Greg Martin of Redpoint Ventures . Funk Among the highest acquisition values were MySpace ($580M in 2005), Shopzilla ($560M in 2005), Rent.com ($430M in 2004), Lowermybills ($330M in 2005) and Sandpiper Networks ($630M in 1999). A new study of the financial outcomes for Southern California venture-backed companies in the IT sector finds that approximately $48 billion in value has been created by those companies over the period 1995-2009.

The firm said that it is launching a new program called Click 4 Good , geared towards Facebook, MySpace, and Twitter users, which allows them to visit a "virtual neighborhood" online. SocialVibe is backed by Redpoint Ventures and JAFCO Ventures. Tags: socialvibe facebook brand charity twitter myspace social medi Los Angeles-based SocialVibe , which develops charity-focused, brand web sites and social media applications, said this morning that it has launched a new effort to help charities raise money on Halloween. Users clicking on houses in that "virtual neighborhood"