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Tech Coast Angels, Pasadena Angels Among Top Angel Groups In New Report

socalTECH.com

May 1, 2017


Tech Coast Angels Innovates with Two New Member Categories

Investor Ideas


TriTech SBDC Consultant Bill Waldo Receives America’s SBDC State Star Award

PR Log


http://www.satprnews.com/2017/04/27/tech-coast-angels-innovates-with-two-new-member-categories/

SAT Press Releases

April 28, 2017


The Secret to PitchingTrue Viral News

True Viral News

April 27, 2017


Tech Coast Angels Innovates with Two New Member Categories – Press Release Rocket

Press Release Rocket


Tech Coast Angels Innovates with Two New Member Categories

PR Web


Tech Coast Angels Innovates with Two New Member Categories

Investor Ideas


Tech Coast Angels Invested $14.1 Million into 55 Companies and Completed Six Exits in 2016

PR Web


Tech Coast Angels Innovates with Two New Member Categories

For PR Web, click here

New and expanded virtual and affiliate membership programs will add to deal flow and expertise in due diligence

IRVINE, Calif. – April 27, 2017 — Tech Coast Angels (TCA), one of the largest and most active angel investor networks in the nation, today announced the addition two new membership classes: Virtual Members and Affiliate Members. These new categories supplement the angel network’s current membership categories and expand opportunities for all angel investors, regardless of location.

With the Virtual Membership, angel investors who reside outside of Southern California are now able to get involved with and invest alongside more than 325 current TCA members in screening and evaluating deal flow, and in funding startup companies. Virtual Members will also be invited to attend special events at a discounted rate, and attend a general membership screening if they are in the Southern California area. For a full list of conditions and benefits, please click here.

The Affiliate Membership is created for family offices, corporate VC groups, foundations, non-profits, and venture capital funds that can supplement their investments with startup companies and potentially complement their strategic plans and current product portfolios. Affiliate members may be located within or outside of Southern California.  For a full list of conditions and benefits, please click here.

TCA had four key goals while adding these new categories:

  • To increase the potential deal flow through contacts and networks of other individuals and investing entities;
  • To add to the intellectual capacity of TCA and to enable a more diverse group to screen deals, participate in analysis, and perform due diligence of prospective companies;
  • To provide additional capital for investment in our portfolio companies and for our Angel Capital Entrepreneur (ACE) funds; and
  • To provide potential entrepreneurs with a broader investor base and a mentorship program, making TCA the preferred funding choice for early stage companies.

“TCA has the technology in place that makes it easy to expand our reach for new members,” said Jeff Draa, TCA chairman.  “As virtual members will be remote from our Southern California network locations, they can interface with TCA and its deals through our website and participate in screenings via teleconferencing technology at UCI Applied Innovation, a facility open to all TCA members. Many angel investors are part of multiple angel groups and this new membership category enables those members to join our group as well.“

The implementation of this new membership class shows potential entrepreneurs and TCA’s current partners and sponsors, that the angel network’s business model is capable of expanding and that TCA has the latest infrastructure, which befits a technically adept organization. The new membership category complements what TCA is currently doing.

Draa stated that he felt the time was right for the expansion. “Many of our current members come from family offices and have been successful investors at TCA. Corporate VCs, Strategy and M&A groups are showing more interest in early round deals to supplement their corporate portfolios with new products and services. And many venture funds have been sending us smaller deals and we have been sending larger deals to VCs,” Draa concluded.

For information on joining TCA as a Virtual Member or Affiliate Member, prospective candidates can find more information about each, and about TCA, via the angel network’s website:  https://www.techcoastangels.com/angels/, or by contacting one of TCA’s network membership chairs.  


Tech Coast Angels Invested $14.1 Million into 55 Companies and Completed Six Exits in 2016 – SFGate

San Francisco Chronicle Online

April 25, 2017


Tech Coast Angels Invested $14.1 Million into 55 Companies and Completed Six Exits in 2016 – Press Release Rocket

Press Release Rocket


Tech Coast Angels Invested $14.1 Million into 55 Companies and Completed Six Exits in 2016

For PR Web, click here

During its 20th Year, Angel Network also Launched Angel Syndication Network to Share Deals with over 20 Other Angel Groups 

IRVINE, Calif. – April 25, 2017 – Tech Coast Angels (TCA) invested $14.1 million in a total of 55 companies in a diverse mix of industries in 2016. TCA’s total investment for the year was its fourth highest since the network’s inception in 1997, and its two largest deals in 2016 were Echo Labs and Movocash – each at over $1 million from TCA. TCA had six exits including five acquisitions (Retrosense Therapeutics, WeGoLook, Clearcare, Hipmunk, and HitFix) and one optional exit (grandPad) upon receiving strategic investment from Acer. This brings the total exits to 68 in the angel network’s history.

Ninety-one percent (91%) of the deals were seed or Series A rounds. Sixty-two percent (62%) of the companies in which TCA invested were initial investments by TCA, up from 35% in 2015. The investment increase in new and early stage companies reflected a wide berth of opportunities in 2016, however the report cautions that such investment activity may be similar to “experiencing an Indian Summer,” as this cycle seems to be drawing to a close.

These investments were across a broad range of industries, but the largest investments in dollars were in life sciences (35%), internet/apps (20%), software (15%) and financial services (16%).

“Although the year started slowly for investments, TCA finished strong in 2016.   Additionally, we started a new syndication network to build better deals with great companies regardless of geography,” said Jeff Draa, 2017 Chairman of Tech Coast Angels. “While the diverse experience of our over 300 members helps us as a network to invest with confidence in a wide range of industries, the amount of solid expertise and knowledge also greatly benefits the companies in which we invest, guide and mentor. Together, that formula has helped us achieve results in liquidity events that surpass the averages for other angel groups.”

TCA also participated, along with CommonAngels from Boston, in research that was published in a joint study by Harvard Business School and MIT last calendar year, which may be the first quantitative analysis showing that companies receiving angel funding achieve greater success in many areas (including employees, survival, patents granted, etc.) than companies who did not receive angel funding.

Access TCA’s full 2016 year-end report for more details. The report includes a summarization of 2016, the investment outlook for 2017, the list of companies added to our portfolio, and various infographics.

 


L.A. venture capitalists who missed Snapchat don’t want to make the same mistake twice

Los Angeles Times

April 18, 2017


Orange County Tech Coast Angels Hosts Second Annual A Celebration of Entrepreneurship

Erie News Now

April 13, 2017


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