Tech Coast Angels is actively seeking great startups to fund. Providing more than just money, TCA brings connections, knowledge, mentoring and operational assistance to bold early-stage entrepreneurs with game-changing ideas. Let us help you to turn your vision into a sustainable and successful business. Apply Now »
Tech Coast Angels is ever-mindful that some of the world’s greatest companies began with angel investments and we take our commitment to that tradition seriously. The nearly 300 members of TCA collaborate with each other on due diligence and then make individual decisions regarding potential investments. Not limited to the technology industry, our members invest in exciting companies in a wide range of industries including biotech, consumer products, Internet, IT, life sciences, media, software and environmental, among others. TCA is a not-for-profit organization.
Note: member profile and historical activity data based on survey and best available estimates as of April, 2010.
IRVINE, Calif., August 18, 2010 – An IPO for Green Dot Corporation (NYSE: GDOT) yielding over 110 times return, the acquisition of Language Weaver Inc. by SDL for $42.5M, and an IPO for Trius Therapeutics (NASDAQ: TSRX) have left a lot of Tech Coast Angels (TCA) members smiling and many early-stage, innovative companies excited about the future of entrepreneurship in Southern California. The three exits marked what has been a dynamic year for America’s largest angel investment network despite the economy, with a total of 14 new and follow-on deals by the end of second quarter totaling $19,364,501 of total investment (TCA and partners).
According to Richard Sudek, Chairman of Tech Coast Angels, “A lot of people with dynamic new ideas are looking at the economy with trepidation and we want them to know that entrepreneurship is alive and well. Great, game-changing ideas are always welcome and TCA is doing everything we can to make the process of creating a working company smooth and forward-moving. Green Dot, Language Weaver and Trius are showing the way.”
Green Dot, a leading prepaid financial services company, Language Weaver, a pioneer in statistical machine translation, and Trius Therapeutics, a biotech firm developing an oral antibiotic for serious staph infections, demonstrate the wide variety of industries TCA invests in. Among the new investments in Q2 are OLFactor, a novel technology for insect repellant and trapping, HitFix, an entertainment news site featuring original content, and Vokle, which provides a next generation interactive platform for anyone wishing to reach their audience through live video dialogue. Sudek added, “We invite entrepreneurs to visit our website at www.techcoastangels.com where they’ll find a description of what we’re looking for and the simple steps to get ideas in front of TCA.