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FOR ENTREPRENEURS /
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Tech Coast Angel members invest in southern California companies, only. We look for products and services that can achieve rapid adoption in very large markets. Some of our criteria:
- Scale: annual revenue potential of at least $50 million
- Market: a compelling, well articulated strategy for capturing and defending a significant market share
- Barriers to entry: patents or proprietary technology
- Team: a strong, not necessarily complete, team
- Exit strategy: some idea of who will eventually acquire your company
- How we fit: a desire for advice and coaching
- Valuation: you must fit within our risk/reward expectations
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After you make application, we'll contact you to discuss how well your company fits with our funding model. Not all companies are suitable for angel investing; we know from experience.
If you make the cut proceed to the Pre-Screening meeting. Here you'll make a verbal presentation without Powerpoint, just stand and describe your company to a small group. They'll have questions and before you leave the meeting you'll know whether you advance. If you do, you'll start the Screening circuit, presenting in each of our networks.
The Screening format is 15 minutes of Powerpoint slides followed by 15 minutes of Q&A. After your presentation we break for lunch and discuss your company privately. After the discussions members signal their interest in following your opportunity. If you attract a sufficient number of interested members then you advance to the next network city for another Screening; if not, the process ends.
After presenting in all networks let's assume you've attracted 40 interested members and a due diligence team of 5 members. Due diligence may take one or more months to conclude; you'll come out of due diligence with a signed term sheet.
The final step takes you back to all the networks for a final presentation during our monthly dinner meetings; this is the last chance for interested members to sign-up for the investment. A closing date is set and the funding occurs. Congratulations!
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Review our Evaluation Criteria to ensure your company is positioned for the best possible funding opportunity.
Come to an event, such as our Fast Pitch, and network with our members and entrepreneurs.
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Tech Coast Angels delivered more than they promised.
Their understanding of our product and the market helped clarify our path forward. Their connections and guidance are helping us overcome barriers we face in implementing our strategy.
In an environment where some investors are retreating, TCA are pioneers, continuing to invest in businesses that they understand and can help to succeed.
David Turner, President
Luxim Corporation
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