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Tech Coast Angels Among the Most Active Angel Groups Nationwide Again In Q2 2014

Tech Coast Angels Among the Most Active Angel Groups Nationwide

The Halo Report is a research series that highlights angel investment activity and trends in the United States. It is a collaborative effort by Silicon Valley Bank, Angel Resource Institute, and CB Insights to provide entrepreneurs and investors with the information they need to better understand angel investing and emerging businesses.

The Halo Report Q2 2014 has found Tech Coast Angels to be among the most active angel groups nationwide. California also maintains its place as the most active state with a total of 19% of deals. For more in-depth analyses on angel investment groups and the companies being funded, check out the Halo Report

October 11, 2014


Tech Coast Angels is Hosting the OC Entrepreneur Mixer

Looking for an event to get the entrepreneurial juices flowing and angel investor interest high? On October 8th, Tech Coast Angels is hosting the Orange County Entrepreneur Mixer where people of all walks can mingle, network, and maybe strike a deal or two. Members of the local startup community will have the chance to speak with many of our angel investors from Tech Coast Angels and gain some valuable insight about solidifying ideas, implementing those ideas, and even how to get funded. 

The event will go from 5:30pm to 8:30pm and be held at the Real Office Centers (ROC) building at 4590 MacArthur Blvd. in Newport Beach on the 3rd floor. We are expecting a large turnout for this event, so please register ahead on our EventBrite page. We hope you all can make it out to this open forum for ideas and fun!

October 3, 2014


Tech Coast Angels Invests in Ascendant Spirits Inc. (ASI)

 Ascendant Spirits Inc. (ASI) is a craft distillery — the first manufacturing spirits on the Central Coast of California. It makes approximately 95% of its revenues from the production and sale of distilled spirits, such as bourbon, moonshine, and vodka. ASI also does some contract production of grappa and brandy from grape products for winemakers who are permitted to sell these products directly.

With the help Tech Coast Angels ASI is on its way to becoming cash flow positive and to be growing sales revenues each quarter while achieving this goal.

The management team seems to consist of the perfect mix: Stephen Gertman (President) who has over two and half years of distilling experience, Paul Gertman (CFO) who has run four startups and has experience as vice-chair and chief scientist of Caremark Inc., and finally Kyle Spencer Herman (VP Sales) with an impressive fourteen years of beverage sales positions as well as being Nolet’s CA regional sales manager for Ketel One Vodka and Nolet’s Gin.

September 30, 2014


Congratulations to Aggregage on Their Tech Coast Angels Funding!

We’d like to congratulate Robert Flynn, Tony Kerrer, and Michael Skerly whose company (Aggregage) Tech Coast Angels recently funded!

Aggregage is a company based in El Segundo, California that has recently been funded by our firm. Here at Tech Coast Angels, we keep our fingers on the pulse of the entrepreneurial community to maintain awareness of any new problems or challenges that may arise, and we look to fund companies who create innovative solutions. Aggregage understands the constant shifts in content marketing and has worked diligently to become an authority in the space of digital media content aggregation. With many businesses struggling to get their message across in the B2B space due to the seemingly unpredictable changes in the digital marketing space, Aggregage knows how to hold a business’s hand through the clutter and get their message to the target audience. For businesses whose primary goal is to get the attention of other businesses, i.e., B2B companies, the problem of figuring out where to put their dollars to receive the desired ROI has become increasingly difficult. This is where Aggregage comes in and makes things easy.

Having already worked with huge companies such as Adobe, it’s fair to say this company knows what it’s doing.

Keep an eye on the progress of Aggregage by checking out their website!

September 26, 2014


Tech Coast Angels Welcomes Eight Companies to pitch for investment next tuesday

Tech Coast Angels is thrilled to announce an exciting event coming this Tuesday, September 30th. Eight companies will be attending this Landmark Angels and Tech Coast Angels Venture Forum. This will be an “investor-only,” by invitation event, featuring a sit-down luncheon with keynote address Smiling at Success; Laughing at Failure from Dave Berkus (BERKONOMICS).

Among the companies seeking investment are disruptive companies in the areas of personalized marketing promotion, endo-mechanical medical instruments, and innovative self-service beer & wine systems. There will also be companies innovating advanced software for operating systems, online content monetization and management, and revolutionary ways to make health data more accessible to consumers.

Keep and eye out for this event and watch out for these disruptive technologies and innovations as Tech Coast Angels looks to grow the cream of the crop by making wise and progressive investments.


Tech Coast Angels Voted Among the Top Angel Groups

 Are you all wondering who some of the best angel groups are in the United States? Well there is good news for all the entrepreneurs and investors on the West coast, because we were ranked high among over 370 angel groups evaluated. In a recent article published by CB Insights, Tech Coast Angels ranked #5 in the Top 20 Angel Groups by Investor Mosaic list, which is very good considering many of the East coast angels also made the list.

To determine rankings, angel groups were ranked through Investor Mosaic by “[taking] into account factors such as past performance, network strength (who they know), selection aptitude and brand among other factors, and quantifies them to score and quantitatively rank investors.” This data is good new for us, seeing as how we excel all the categories.

Tech Coast Angels is the biggest angel group in America, so it’s no surprise that our ranking is #1 in CB Insights’ Top Angel Groups by Network Centrality list. CB Insights report that “Tech Coast Angels, which claims to be the largest angel investment organization in the US, features over 300 members covering all of Southern California and led all angel groups in terms of network centrality – a measure of network strength.” Look out Bay Area, because Southern California is catching up!

While we share this state with the likes of Silicon Valley, we are also proud to contribute to the statistic that ranks California #1 in deal share. “California led all states in terms of deal share of the top 20 angel groups’ investments since 2011 at 33%, with 7 of the top 20 angel groups being based in CA,” say CB Insights. It would seem that there is still small nuggets to be found in the Golden State, particularly in the southern half. Looking to become part of the Tech Coast Angels family? Visit techcoastangels.com to see how you can add to our outstanding statistics of success! 

September 24, 2014


Tech Coast Angels has the strongest network

The network of an investor is incredibly important both for raising additional capital, as well as strategic expertise in a given area. Tech Coast Angels, which claims to be the largest angel investment organization in the US, features over 300 members covering all of Southern California and led all angel groups in terms of network centrality – a measure of network strength. Palisades Ventures was the most prolific follow-on VC for Tech Coast Angels, as the LA-based VC shares multiple portfolio companies with Tech Coast Angels.

Heading north, Sand Hill Angels ranked second in network centrality among all angel groups. The 100+ member group, which ranked in the top 3 most active angel groups in the Q1 2014 Halo Report, most often sees follow-on investments from VCs such as New Venture Partners, DFJ Gotham Ventures, and ECentury Capital. Their recent investments include participation in restaurant tech company NoWait’s $10M Series B, as well as Storefront’s $7.3M Series A. The full rankings below.

 

 

source  https://www.cbinsights.com/blog/top-angel-groups-mosaic/

August 14, 2014


Tech Coast Angels Invests in HitFix

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  • tttSuccessful Entertainment Site Closes New Round of Funding From Media Guru Gordon Crawford, Tech Coast Angels and Golden Seeds
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tttLOS ANGELES--(BUSINESS WIRE)--July 02, 2013-- 

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Tech Coast Angels (TCA), the nation's largest angel investor network, today announced that its Angel Capital Entrepreneurial Fund (ACE) committee has invested in a second round funding that helped raise $1.8M for HitFix, the top online destination for what's new in entertainment. Additional investors include, Golden Seeds, an investment firm dedicated to the empowerment of women entrepreneurs, and Gordon Crawford who committed a large personal investment in HitFix. Crawford is a retired influential investment fund manager best known for his 40-year career at Capital Group and dispensing wisdom to the titans of media, entertainment and technology.

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“Since HitFix's inception, founders Jen Sargent and Greg Ellwood have built the top editorial team in the business, strategically using its angel investments to lead consumer discussion and deliver top-notch content to its growing fan base,” said ACE deal committee member Ray Chan. “Their continued success and high-rate of expansion to digital partners such as AOL, Hulu and YouTube makes us confident that our money is in good hands.”

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HitFix is the fastest growing online entertainment news destination, reaching more than 4 million monthly unique users (with a higher concentration of the coveted 18-34 year old demographic than any of its competitors) and upwards of 50 million across its video distribution network.

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“This latest round of funding continues to validate the work that our team does every day to bring the best entertainment content to our fans, ” said co-founder and CEO Sargent. “We're humbled by this sizeable investment from some of the biggest names in the finance space, which will allow us to expand our reach across all platforms.”

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Since 1997, TCA has supported and funded more than 200 start-up companies. The ACE Fund gives both private and institutional investors the opportunity to access diversified, early-stage, game-changing entrepreneurial company investments that would otherwise be available only to experienced angel investors. For more information, visit https://www.techcoastangels.com/ace-fund.

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ABOUT TECH COAST ANGELS

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Tech Coast Angels is the largest angel investment organization in the U.S. founded in 1997. As a catalyst in helping build Southern California's economy into a thriving center of technology and entrepreneurship, the nearly 300 members of TCA collaborate with each other on due diligence and then make individual decisions regarding potential investments. Providing more than just money, TCA brings connections, knowledge, mentoring and operational assistance to bold early-stage entrepreneurs with game-changing ideas. Not limited to the technology industry, 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. For more information, visit https://www.techcoastangels.com/.

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ABOUT HITFIX

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Co-founded by Jennifer Sargent and Gregory Ellwood, HitFix is the top destination for 18-34 year old consumers to discover what's next in entertainment news and events. HitFix calls on the talents of renowned entertainment journalists such as Alan Sepinwall, Drew McWeeny, Daniel Fienberg, Kris Tapley and Melinda Newman to produce wide-ranging news, interviews and commentary on all aspects of entertainment. On a monthly basis, the site reaches over 4 million uniques directly and over 50 million users across their multi-platform video distribution. For more information visit www.HitFix.com, www.facebook.com/hitfix, www.twitter.com/hitfix or www.youtube.com/hitfix.

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tttCONTACT: For Tech Coast Angels 

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Justine Mrsich, 714-573-0899 ext. 238

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[email protected]

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tttSOURCE: Tech Coast Angels Copyright Business Wire 2013  

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July 6, 2013


Tech Coast Angels Number Two In Angel Investments Report

The Tech Coast Angels, Southern California's largest angel investment group, is ranked number two in the nation this year in terms of the number of deals the group did, according to the latest 2012 Halo Report. The report, a national survey of angel group investment activity, was released today by The Angel Resource Institute (ARI), Silicon Valley Bank (SVB) and CB Insights.

According to the report, the Tech Coast Angels slipped from last year's number one position, due to the activity of the New York Angels. Overall, the report found that angel investing for the year was stable compared with prior years; the report said that pre-money valuations for early stage companies remained steady at $2.5M, median angel round size for Q4 2012 was $690K in Q4 2012 for the second quarter in a row.

http://www.socaltech.com/tech_coast_angels_number_two_in_angel_investments_report/s-0048778.html

 

 

 

 

 

 

 

 

 

 

April 16, 2013


Dave Berkus: Why I’m an angel investor

 By JAN NORMAN COLUMNIST / ORANGE COUNTY REGISTER

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Local professional angel investors call Dave Berkus, 72, the “uber angel.” In the business start-up world, angels are wealthy, experienced entrepreneurs who invest money, time and expertise in young ventures. Many angels refer to one standard way to value an early-stage investment as the Berkus Method.

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The Pasadena native has been an entrepreneur since the age of 15, when he and a friend started a custom record company. That paid his tuition at Occidental College. Later he founded Computerized Lodging Systems Inc., a software developer that he calls his most successful investment ever. After leaving CLS in 1993, he became an angel investor, which he called “resource capitalist” in his first book on the subject, “Better Than Money,” published in 1994…… more at http://www.ocregister.com/articles/angel-503101-angels-money.html

April 8, 2013


Tech Coast Angels Los Angeles Network has a new home page

 

For more information please see https://www.techcoastangels.com/la

March 4, 2013


TCA San Diego in the News

TCA San Diego in the News


LA Times – Tech Coast Angels Los Angeles launches program to fund start-ups in 30 days

By Andrea Chang

February 27, 2013, 9:05 a.m.

Good news for local entrepreneurs: Tech Coast Angels' Los Angeles branch has launched a program to fund start-ups in 30 days or less.

Michael Green, president of the L.A. branch of Tech Coast Angels, said the Screening2Deal in 30 Days program would speed up the process to get start-ups off the ground. The move is also designed to raise TCA's profile among entrepreneurs, who often seek out funding from more well-known investors or accelerators in the area, he said…… more at http://www.latimes.com/business/technology/la-fi-tn-tech-coast-angels-startups-20130226,0,6043088.story

February 28, 2013


HALO Report lists Tech Coast Angels as Most Active in 1H 2012

Organization Raises Over $1 Million in Q3 2012; Over $14 Million in First Three Quarters

IRVINE, Calif. – November 2, 2012.  According to the most recent Halo Report highlighting angel group investment activity and emerging trends for the first six months of 2012, Tech Coast Angels (TCA) topped the list of the most active angel investment network in the United States (total number of deals) and putting the most money to work in the country (total number of dollars).  The Halo Report is a collaborative project between Silicon Valley Bank, Angel Resource Institute and CB Insights.

TCA raised more than $1 million of total investment in five companies during the period from July – September 2012.  The companies include Garden Organics, SignNow, AnyMeeting, Nanoogo, Planana, HealthInReach and mSIGNIA.

For the first three quarters of 2012, the organization funded 23 deals for a total of approximately $5 million in direct TCA investment, and raised over $14 million through its five regional networks (Los Angeles, San Diego, Orange County, Inland Empire and Central Coast).

“We are thrilled that the Halo Report found us the most active angel groups in both deals and dollars,” said Stephen Flaim, Ph.D., FACC, FAHA, chairman of Tech Coast Angels. “We are also encouraged by the quality of young companies for whom TCA is able to provide benefits — including, but also beyond, capital:  mentorship, strategic support and access to a broad network of investors, talent and prospects.”

November 8, 2012


SAN DIEGO TECH COAST ANGELS ANNOUNCE FINALISTS FOR SIXTH ANNUAL QUICK PITCH COMPETITION

10 Southern California-based Companies Selected to Compete for the Quick Pitch Title at October 4th Event

SAN DIEGO, Calif., September 4, 2012 ; Tech Coast Angels (TCA), the largest angel investor network in the United States and the number one source of startup funding in Southern California, announced the 10 finalists for their Sixth Annual Quick Pitch Competition. The finalists will present at the October 4th competition to an expert panel of judges, and an audience of more than 500 leaders within the entrepreneurial community.
Each two-minute pitch will be judged on substance and presentation quality. Winners,, will be announced at the end of the event and the overall winner will receive a monetary prize this year.
Since 1997, TCA has invested more than $115 million in over 180 companies and raised more than $1 billion of additional capital, mostly from venture capital firms. The group is supported by many of the regions leading VC funds and sponsors including many of the best service providers to early stage companies.
“The annual Tech Coast Angels Quick Pitch is an opportunity for entrepreneurs to network, learn and compete for the investment capital that is so crucial to early stage companies” says Stephen Flaim, chairman of Tech Coast Angels. “It is one of the most important entrepreneurial events of the year in San Diego”. TCA members selected this year's Quick Pitch finalists from among a number of high-caliber entries representing a broad range of companies. The 2012 Quick Pitch finalists, in alphabetical order, are:

5i Sciences Richard Rose CEO

DealStruck Ethan Senturia Co-Founder and CEO

iGenomX Keith Brown Founder

Insight Biotek, Inc. Larry Sharma CEO

JammyPack, Inc. Jonnie Sax Founder and CEO

www.jammypack.com

RockHouse LiveZach Bair Founder and President

www.rockhouselive.com

Stics, Inc. Karen Joiner-Congleton Founder and CEO

www.stics.com

Uroboros Technologies Peter Haberz Co-Founder

Volunteer Forever Steven Weddle Founder and CEO

www.volunteerforever.com

XTRLs International Deanna Bebb President

For more information about Tech Coast Angels’ Quick Pitch Competition and to register to attend, please visit: http://www.sdquickpitch.com/

About Tech Coast Angels
Tech Coast Angels www.techcoastangels.com, is the largest angel investor group in the United States. Its members provide funding and guidance to more early-stage, high-growth companies in Southern California than any other investment group. TCA members invest in companies in a wide range of industries, including the life sciences, biotech, IT, services, retail, Internet, financial, software, media, consumer products and tech startups. TCA members give companies more than just capital; they also provide counsel, mentoring and access to an extensive network of potential investors, customers, strategic partners and management talent. TCA has more than 250 members, including its venture capital affiliates, in five networks in Los Angeles, Orange County, San Diego, Central Coast and the Inland Empire. More information on investment with Tech Coast Angels can be found at www.techcoastangels.com, www.facebook.com/techcoastangels or www.twitter.com/techcoastangels.

September 12, 2012


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