SAN DIEGO, CA (PRWEB) SEPTEMBER 06, 2016
Tech Coast Angels – San Diego announced today the top ten finalists selected from over 140 entries to compete at its popular, annual event The John G. Watson Quick Pitch competition scheduled for October 6, 2016 at Qualcomm Hall. Hosted by esteemed venture capitalist, Court Turner, the show’s innovative format pits the strongest 10 finalists in a live presentation to “pitch” a company to approximately 500 attendees and a panel of judges composed of successful investors and entrepreneurs. Since its inception, Tech Coast Angels’ “Quick Pitch” has put San Diego startups on the radar of local and national venture capital and angel investors, helping to launch many successful companies including EcoATM, Rock My World and Ritter Pharmaceuticals.
“Our annual Quick Pitch competition is one of the most important entrepreneurial events of the year in San Diego, showcasing a vast array of technology, life science and other product companies that include the best our innovation economy has to offer,” said Sergio Gurrieri, President of the Tech Coast Angels San Diego network. He continued, “This competition is an opportunity for entrepreneurs to network, learn and compete for capital that is so crucial to early stage companies while building key relationships with some of the top investors and executives in Southern California.”
During the next month, the top ten finalists will receive specialized mentoring from angel investors who will coach the entrepreneurs on how to perfect their two-minute, elevator pitch in hopes of capturing $30,000 in cash and other prizes. Companies were chosen from a record number of over 140 online applicants and weaned down to 30 semi-finalists by a judging committee in the first stage of the competition. On Oct. 6, the top ten will make two-minute presentations that will be judged by experienced investors and professionals with a newly added feature that allows real-time voting by the audience for the top three prize winners.
The 2016 finalists are:
Braykion Jon Wilensky, CEO & Co-Founder
CaddySnack JT Tyler, CEO & Founder
CourseKey Luke Sophinos, CEO
Echo Laboratories Eugene Cho, CEO & Founder
Industry Cody Barbo, CEO & Founder
In Spirit Lawrence Cisneros, Founder
Librede Jason Poulos, CEO
Pelv-ice Jill Bigelow, Founder & CEO
ResortPass Amanda Szabo, Founder
VOR, Inc. Winston Chen, CEO & Co-Founder
See these top companies pitch live on October 6 from 6pm to 9pm at the Irwin M. Jacobs Qualcomm Hall, 5775 Morehouse Drive, San Diego, CA 92121. For more details please visit: https://www.techcoastangels.com/event-calendar/the-10th-annual-john-g-watson-quick-pitch-competition/
Lead sponsors include the John G. Watson Foundation, Qualcomm Ventures and Stradling. Supporting sponsors include Knobbe Martens and ResMed. Contributing sponsors include Corporate Alliance, DezineGirl Creative, Digital News Network, Downtown Works, Sorrento Mesa Printing, Surf Air, The Startup Garage and The Pitch.
ABOUT TECH COAST ANGELS
Tech Coast Angels (TCA) is one of the largest and most active angel investor networks in the nation, and a leading source of funding for seed-stage and early-stage companies across all industries in Southern California. TCA members are accredited investors who collectively invest in start-up companies in the range of $250k to $2M. The companies TCA invests in go through well-structured, transparent, and time efficient screening and due diligence. TCA members are themselves founders, and executive level business leaders who have extensive knowledge in the investment process and world-class business practices and contribute counsel, mentoring and access to an extensive network of investors, customers, strategic partners and management.
TCA is a catalyst in the growth of the thriving Southern California entrepreneurial ecosystem of innovation. We fund mostly emerging technology and life science companies. More information on investment with Tech Coast Angels can be found at: http://www.techcoastangels.com
Angel Network’s Realized Multiple and Internal Rate of Return Higher; Hold Period Also More Favorable
IRVINE, Calif.—August 30, 2016—Tech Coast Angels (TCA) today revealed that its performance record is better than the average angel investment in nearly all categories, as compared to an extensive study of returns prepared by Dr. Rob Wiltbank and Professor Wade Brooks for Willamette University and the Angel Resource Institute (ARI) earlier this year. TCA based its 3.3x return as follows:
If a TCA member had invested $25K in all of the network’s 305 investments ($7.7 million), s/he would have so far:
…all of which implies a potential 3.3x overall return (not counting tax benefits).
The 3.3x in total investments return surpasses the 2.5x average as listed in the ARI report angel investment averages, as well as in earlier studies. TCA’s IRR (Internal Rate of Return) of 26% and Hold Period of 4.3 years compared to ARI’s measured average of 22% and 4.5 years, respectively. TCA’s percentage of exits returning less than 1x is marginally better at 68% (the ARI report is 70%). For more information, please visit https://www.techcoastangels.com/performance/.
Of the 305 investments made by TCA since its inception in 1997, 162 (53%) are still active. There have been 64 exited investments, including 45 that returned at least 100% of the investor’s capital—and 12 returned between 5x and 139x. For a list of TCA exits since 2000, please visit https://www.techcoastangels.com/exits/.
“We invest across most industries, but so far our success rate has been highest in Financial Services, Life Sciences, BTB and Cleantech/Industrials sectors — all of which have realized over 60% success rates,” said John Harbison, TCA Chairman. “Software is close behind with a 45% success rate. We’ve had two home runs so far with returns of over 110x, and another at 70x.”
SAN DIEGO, Calif.—July 20, 2016—Tech Coast Angels, one of the largest and most active angel investing organizations in the United States with more than 300 members in five regional networks, is seeking applications from technology startups for its 10th annual John G. Watson Quick Pitch event being held on October 6, 2016.
Tech Coast Angels, one of the largest and most active angel investing organizations in the United States with more than 300 members in five regional networks, is seeking applications from technology startups for its 10th annual John G. Watson Quick Pitch event being held on October 6, 2016.
Following the receipt of applications, approximately 30 successful candidates will be put through a structured vetting and coaching process beginning in August, with the final 10 competing at the Quick Pitch event.
“At Tech Coast Angels our goal is to foster the entrepreneurial spirit and promote investment opportunities with significant commercial growth potential,” said Sergio Gurrieri, President of the Tech Coast Angels, San Diego chapter. “Finalists will give a two-minute pitch in front of an all-star panel of judges and 500 attendees. New this year will be audience voting to determine the top three winners, all of whom will be awarded cash and business services as prizes. In honor of our 10th anniversary, we’ve also doubled the cash prize to $30,000.”
The annual John G. Watson Quick Pitch competition is one of the most recognized angel investor events in the nation. It is ideal for entrepreneurs looking to jump-start their ventures and for investors seeking to learn about the latest innovations in Southern California. The event includes time for networking with Tech Coast Angels investors, venture capitalists and the entrepreneurial community. It is also open to all entrepreneurs and companies headquartered in Southern California. Ideal companies are early stage, fast-growing, and focused on developing and commercializing disruptive technologies regardless of their industry.
The event is named after and sponsored by the John G. Watson foundation. John was an active, gregarious and positive influence on local businesses and entrepreneurs through his work with Tech Coast Angels.
Quick Pitch will take place October 6, 2016 from 6:00 p.m. to 9:00 p.m. at the Irwin M. Jacobs Qualcomm Hall, 5775 Morehouse Drive, San Diego, CA 92121.
Please contact Ashok Kamal for information on how to apply, attend and/or sponsor the event at Ashok(at)techcoastangels(dot)com