Tech Coast Angels (TCA) has been consistently ranked as one the top five angel investing groups in the U.S., and has been fueling the growth of innovative companies and supporting entrepreneurs since 1997. TCA identifies, mentors and funds early stage and start-up companies to help get their ideas to market, and where TCA members devote their time, expertise and capital to help companies successfully grow.
TCA currently has more than 450 members consisting of experienced C-Level executive (CEO, CFO, CFO, CIO, CMO), owner/founders of small companies, senior executives, current and former entrepreneurs, venture capitalists, academicians, doctors, lawyers, and other professionals. In addition to regular members, TCA has virtual members for those who do not live within the geography of a network chapter as well as affiliate members who may invest as an entity and can include Family Officers, foundations, corporate VCs, and other VCs. Members not only invest but frequently serve on boards and assist companies with relationships, strategy, supply chain, team building and additional fundraising. TCA has maintained outstanding deal flow and a simplified yet organized process for screening and completing due diligence.
Since 1997, TCA members have invested more than $230 million in more than 450 companies and have helped attract in excess of $2.1 billion in additional capital/follow-on rounds, mostly from venture capital firms. In 2020 alone, TCA invested over $19.5 million in 64 companies; in 2019 the total was $19.1 million in 52 companies. In fact, the most recent Halo Report rated TCA as #2 nationally in number of funded deals. A recent analysis by CB Insights ranked TCA #1 out of 370 angel groups on “Network Centrality” and #5 overall in “Investor Mosaic.” These numbers and the success of TCA are based on both individual investments by its members as well as the investment through (currently) three regional funds which parallel the investments of its individual members.
TCA consists of four regional networks (or chapters) in Southern California: Los Angeles, Orange County, San Diego, and the Inland Empire. Each network holds screening sessions, normally semi-monthly, where entrepreneurs present their company and investment opportunity to the TCA membership. While a member joins a specific network, he/she is able to and encouraged to participate in any other network activity — including training sessions, seminars, special meetings between entrepreneurs and investors and other events.
Tech Coast Angels, one of the first angel groups in the country, is ever-mindful that some of the world’s greatest companies began with angel investments and we take our commitment to that tradition seriously. Our TCA members collaborate with each other on deal flow and due diligence. Members may invest in one or more our chapter funds which provides instant diversification and risk reduction. And most of our members additionally invest individually in our portfolio companies. All investments are made under a common term sheet. Not limited to a specific technology, industry, or geographic location, 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.
Tech Coast Angels is a catalyst in helping build not only Southern California’s economy, but also the US economy through its investments across the country. In Southern California, TCA has become a catalyst for a thriving center of technology and entrepreneurship. Our members are very active in the entrepreneurial community, attending and participating in conferences, networking events, entrepreneurial competitions and other venture capital events. TCA itself sponsors many events throughout the year. Our relationships with the major colleges and universities in Southern California, incubators, accelerators, and as part of the Angel Syndication Network, provide us both access to potential commercialization opportunities and expertise that is invaluable as we analyze potential investments.
TCA receives numerous investment opportunities for review from our relationship with angel groups across the United States. Our relationship with the venture capital community, incubators, and accelerators often gives us early looks at deals from them that fit our investment criteria. TCA also has an excellent relationship with the major economic development agencies in Southern California which are often a referral source of entrepreneurial /investment ideas. All of these sources keep our deal pipeline full which is critical in creating a high-quality diversified pool of investments for our members.