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In a world with a rash of startup incubators and accelerators, super angels, crowdfunding sites, and more, what''s the relevance of organized angel investments groups? First off, for those not familiar with the PasadenaAngels, talk about the group? Without that, many companies would not have gone very far.
The PasadenaAngels have backed developer of protein analysis equipment for the drug discovery and research market, investing $475,000 in a Series B for Wasatch Microfluidics , the group said this week. The investment by the PasadenaAngels was led by Dr.
Wednesday, March 21, 2012 -- Start-Up Funding In Southern California. Panel includes Ray Chan, Managing Partner at K5 Venture Partners; Anil Tammineedi, Vice President at Angeleno Group; Kiran Rao, Associate at Vicente Capital Partners; Al Schneider, Co-Founder and Past Chairman of PasadenaAngels.
The PasadenaAngels investment group released its investment totals for 2015 this week, saying that it has invested $4.9M across 27 deals in 2015, bringing its total invested since the group was started to over $65M in over 175 companies. The total number of deals in 2015 was up from just 17 investments in 2014.
The latest venture capital totals from the PricewaterhouseCoopers/National Venture Capital Association''s MoneyTree Report was released this evening, tallying up $761.12M in investments in Q2 of 2014 in Southern California, up from Q2 of 2013, when $616.83M was invested in the region. Image courtesy Bigstock. READ MORE>>.
Los Angeles-based ranking and polling website Ranker , the startup led by Clark Benson and backed by Draper Associates, Rincon Venture Partners, Siemer Ventures, Lowercase Capital, BullPen Capital, Data Collective, TenOneTen Ventures, Tech Coast Angels, and PasadenaAngels, said today that it hit 11.5
The PasadenaAngels , one of the most active organized angel investment groups in the Los Angeles area, released some details on the groups'' 2014 performance over the holidays, saying that it saw a total of four exits--including a $100M exit over at Bluebeam --and closed 17 deals during the year. READ MORE>>.
Los Angeles-based Atlas Powered , a developer of software for managing calendar, task, and contact data on iOS and Android, has raised $700,000 in a funding round, the firm said today. The startup was founded by Hunter Gray and Michel Bayan. The investment in Atlas Powered by the TCA was led by Yuri Pikover. READ MORE>>.
The latest numbers from the PricewaterhouseCoopers/National Venture Capital Association MoneyTree report were released today, finding that a total of $683.7M billion in venture capital. Los Angeles had a total of $311.25M in deals for the quarter, followed by Orange County with $197.8M, then San Diego, with $174.6M in funding.
Los Angeles-based Ranker , the startup headed by Clark Benson which allows users to rank anything they want in a list, has raised $1.3M in a Series A funding. Ranker is a website which allows consumers to rank lists of their favorite TV shows, books, products, or anything else.
Parchment got its start in Los Angeles as Docufide, a startup offering up handling of high school transcripts for colleges and university applications; Docufide was venture backed by the Tech Coast Angels and PasadenaAngels. Financial terms of the acquisition were not announced. READ MORE>>.
Southern California has the one of the largest gathering of organized angel investment groups, and a huge crop of startup accelerators: there's only one problem, which is they don't naturally work together. As a PasadenaAngel, I wanted to be shocked, but I wasnt. The Angel funding process can be arduous.
Parchment , the startup which operates Docufide, a service to help transfer high school transcripts to colleges and universities, said Monday that it has raised $6M in funding. READ MORE>>.
Jeff Curie: I''ve been a startup guy here in Orange County for a long time. I was hired to head up strategy, marketing development, and product management. We grew that up, and did very well, and eventually sold it to IBM. Between Greg and Alan, we''ve come up with a very innovative way to solve this problem.
Angel Launch, a new event for startups and investors, is producing a networking venture pitch, networking dinner and party the night before E3 Expo in LA for digital media, mobile and tech startups. Monday, June 4, 2012 -- aunchFEST Demo Night.
Details on the funding, and size, have not yet been announced by the startup. The firm is headed by Aigerim Duiseneyeva, and its advisers include Ken Hayes, former President at Nami Media and member of the PasadenaAngels. The firm is housed in the Los Angeles Business Technology Center.
Los Angeles-based XCast Labs (www.xcastlabs.com) announced earlier this month that it has raised a $2.7M round of funding from the PasadenaAngels and Frontera Capital for a voice-over-IP service, and we thought we'd talk with Cliff Rees, the firm's CEO, to understand how the firm is different from those many providers.
Over 500 startups applied last quarter to Launchpad LA’s accelerator, but only eight were chosen. Meet the Graduates: · Connectifier, which connects recruiters to potential job candidates, consists of 4 ex-Google employees and local angel investor, Terrence Yang, has dubbed Connectifier one of the best startups of 2012.
Los Angeles-based Ready Set Food , a startup developing a system which introduces babies to peanut, egg, and milk--potential allergens--has raised $2.2M The funding came from Amplify.LA, Wavemaker 360, PLG Ventures, Adam Miller, David Rogier, the PasadenaAngels, and John Burry.
How did you end up at Unified Dispatch? Dan Tamkin: I was brought in by some of the venture capitalists and angels behind Unified Dispatch, after I did a prior company turnaround at Computer Motion, the first medical robotics company, where I had been CFO, and which had just been sold. We ended up buying Unified Dispatch Inc.
The clean technology sector is infamous for taking a big toll on startups--requiring large investments, risky technology propositions, steep international competition, and fickle government policies. We spoke with founder Neal Roche about his startup, which provides testing tools for the electric vehicle (EV) market.
San Luis Obispo-based Mindbody has filed for an IPO, saying in an SEC filing that it is looking to raise up to $100M on the public markets. The startup, led by Rick Stollmeyer, has yet to select an exchange, but says it has applied to list as MB. Mindbody provides appointment booking software for the spa industry. READ MORE>>.
The startup, which is based in Orange County, said that the funding round came from the Tech Coast Angels, PasadenaAngels and Harvard Business School Alumni Angels. ipourit beer serving self serve venture capitalangel alcohol wine hospitality retail restaurant' READ MORE>>.
The Los Angeles Venture Association (LAVA), which supports local startups and emerging-growth companies, has named entrepreneur Kimberly Kovacs as the group's new President, according to the group. LAVA's day to day operations are managed by Executive Director Len Lanzai.
Pasadena-based Ocular Data Systems , a startup that develops a high resolution camera which is used by law enforcement to document signs of drug and alcohol impairment and other issues with drivers, has raised a round of investment from the PasadenaAngels. Ocular, led by CEO Marcus O. READ MORE>>.
For our Insights and Opinions section today, we have an article from Joe Platnick of the PasadenaAngels , who delves into some of the criteria for selecting an angel group. 2. Do they actually have capital and a track record of investing their own personal funds. 4. How do they say 'no'. 7. Advice.
At a recent accelerator event on the West Side, a friendly young founder told me that he had been coached by his mentor not to talk to Angel groups. As a PasadenaAngel, I wanted to be shocked, but I wasn’t. The Angel funding process can be arduous. The entrepreneurs in startups are trained to go fast and run lean.
New SEC regs will destroy your ability to raise capital. Worse yet, Angels will no longer be able to “self certify” as accredited investors–we will have to show W2′s or proof of our net worth, and most of us will never be willing to share such personal information. Overwrought headline? Do everything you can.
Matthew spoke to us to give us a better idea of what the company offers and why it was started. Personally, I've been an entrepreneur for 15 years, running companies with P and L responsibility for divisions, and watched with frustration as the Internet has grown up around us. What's the idea behind Zubican?
We never did really figure out how to monetize the app itself, but the team kept up a weekly email dialogue with active users. No great fortunes were established, but it was nevertheless a substantial success, given the 95% failure rate for startups. Is a team who takes a moderate outcome giving up too early?
was launched with nearly $2mm in Angel funding from the PasadenaAngels and Tech Coast Angels. We had an advocate in each Angel group who aggressively lead the effort. Someone has to do the heavy lifting of advocating, organizing, and building enthusiasm about your company within their Angel group.
.” But inevitably, it happens to some startups. The one group of investors you can count on to support you in a crisis are your Angels, and I saw two examples over the Holidays. Your VCs and lenders will likely impose onerous terms, and your ownership will get badly diluted.
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