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Angel Funding Advice

Both Sides of the Table

Most Venture Capital “A&# rounds (as of 2009) seem to start around $3 million pre-money and may go as high as $5-6 million pre-money if you’ve made a lot more progress or for some other reason the deal is “hot&#. This is part of my ongoing series Pitching a VC. How: 1. Jarl Mohn says he hates seeing PowerPoint.  I get that.

William H. Pickering Lecture at AIAA Space 2009

SoCal Tech Calendar

Wednesday, September 16, 2009 -- William H. Pickering Lecture at AIAA Space 2009. William H. Pickering Lecture honors the International Year of Astronomy and the Hubble Space Telescope, Spitzer Space Telescope, and Galaxy Evolution Explorer missions. The lecture is named for former NASA Jet Propulsion Laboratory Director William H.

LA County Technology Week

Ask the Angels

Shameless Self-Promotion Alert]…The last program of the day is the annual Pasadena Angels program on the state of Angel and Venture Capital in Southern California. Tags: Fundraising General Ben Kuo Joe Platnick LA County Tech Week Pasadena Angels SocalTECH.com.

Friday Random Ramblings…and Some Good Weekend Reading

Ask the Angels

As I was writing another installment on what the Pasadena Angels look for in company pitches, I came across a good post from Steve Blank about sufficiently understanding your customer and target markets and decided to use that instead. Steve’s observations are pretty representative of what we regularly see when companies pitch.

Worthwhile Reading for Founders and Pitching

Ask the Angels

For the first piece you can pretty much substitute ‘Angel’ for ‘VC’ and it’s right on the money with respect to the Pasadena Angels. Tags: Company Creation/Operation Fundraising General David Rose Investor Pitch Joe Platnick Pasadena Angels Tony Tjan VC

Central Desktop Sees Growth, Boosts Hires In 2009

socalTECH

Pasadena-based software-as-a-service developer Central Desktop reported today that the firm had 44 percent, year-over-year growth, and boosted its staff by 50 percent in 2009, as a result of demand for the firm's online project collaboration tools. The firm said its customers now include such companies as Netflix, U.S. READ MORE>>.

Java Subversion

SoCal Tech Calendar

Monday, January 26, 2009 -- Pasadena Java User's Group. Topic: subversion. See [link] (more

Presentation Tips and How Not to Introduce Yourself to Investors

Ask the Angels

Although as a Lakers fan I don’t have a very favorable opinion of Mr. Cuban, this article provides a good example and analysis of a an email received from an entrepreneur that will eliminate any chances of getting funding and is very similar to the 4-6 emails received each week by the Pasadena Angels.

To the moon (part 2)

Eric Greenspan

After the concert, we walked two miles to our car in Old Town Pasadena.  We stopped and had a midnight pizza at a great little spot on the way.  Also in attendance was my ex and our 12 year old son Jacob.  Anyhow, so he and his mom are at U2, the wife and I are there but sitting pretty far back.  Then Slash walks onto the stage. 

How to Select an Angel Group

Ask the Angels

Last summer, Jason McDowall wrote a guest post about his own personal experiences raising angel capital (not from the Pasadena Angels) and some of the challenges that followed. recently re-read Jason’s post from June ‘08 and thought it would be a good lead-in to evaluating an Angel organization and the process of finding ‘smart money.’ 

Avoiding the “Hammer Looking for a Nail” in Tech Transfer

Ask the Angels

Today’s post is from Dr. Andrea Belz, a long-time member of the Pasadena Angels, a local consultant and one of the brightest people I know (a CalTech PhD–what more can you say).  From time to time we have posts from local members of the startup community that provide some great advice from a different perspective.

An Angel Investor’s Thoughts on Valuation

Ask the Angels

Bob is a Director and long-time member of the Pasadena Angels, has been investing in early stage companies for 5 years, and has been held numerous “C” level positions at private and publicly traded companies. Following on the heals of last week’s post from Andrea Belz, we have another guest blogger, Bob Aholt. Now for some details. 

We’re Asking the Wrong Questions

Ask the Angels

I recently reviewed a set of investment ready criteria published by a respected Angel Group (not the Pasadena Angels). All the usual factors were there–what problem was being sold, the extent of competitive advantage, the experience of the management team, size of market, etc.  Only then can we deal with the other criteria.

Do They Charge Fees?

Ask the Angels

Since starting in 2000, the Pasadena Angels has never charged companies fees for anything short of closing (applying, presenting, mentoring, etc.) Part III of a Continuing Series on How to Select an Angel Group. Imagine going to a VC or bank and receiving a bill for a few thousand dollars for your first meeting.

Beware of the Money Changers

Ask the Angels

In last week’s post I talked about how to evaluate an angel group with my Letterman Top 10 list. Today’s headline covers #2 of that list (Do they actually have capital and a track record of investing their own personal funds) and is from a story I’ve told at several entrepreneurial events.

NPA LA Holiday Mixer

SoCal Tech Calendar

Monday, December 14, 2009 -- Network Professional Association LA Chapter Holiday Mixer @ Mijare's Mexican Restaurant, 145 Palmetto Dr Pasadena CA 91105. IT Professionals to discuss re-org. and potential of LA Chapter. See [link] (more

Another Big Exit For Local Angels With Mindbody?

socalTECH

Local angel investors--including the Tech Coast Angels and Pasadena Angels --might just have another big hit on their hands, with the news today that San Luis Obispo-based Mindbody has filed for an IPO. mindbody angel investors tech coast pasadena frontera siemerREAD MORE>>.

LeisureLink Raises $3.5M

socalTECH

Pasadena-based LeisureLink , which operates an online marketplace and service for vacation rental booking, has raised $3.5M in a funding round.

LeisureLink Signs Travel Site

socalTECH

LeisureLink said that PerfectFamilyVacations will feature more than 1000 of the firm's properties on its site. READ MORE>>.

X1 Takes On eDiscovery

socalTECH

X1 said it has built a solution, based on its X1 enterprise search technology and professional services, called X1 eDiscovery Search Suite.

LeisureLink Wins Casino

socalTECH

According to the firm, the Reno casino will distribute its resort rooms through LeisureLink's ABetterStay.com network. READ MORE>>.

Teresis Adds To Board

socalTECH

Teresis is angel backed by the Tech Coast Angels and Pasadena Angels. READ MORE>>.

LeisureLink Gains Distributor

socalTECH

Financial details of the deal were not disclosed. GTP Travel Group automated group booking of travel, including hotels and buses. READ MORE>>.

LeisureLink Claims Customer Success

socalTECH

According to LeisureLink, Kees is using the firm's booking system on a network of web sites for 22 resorts that it manages. READ MORE>>.

LeisureLink Further Expands Distribution Partners

socalTECH

Financial details on the deals were not disclosed. READ MORE>>.

LeisureLink Signs Vast.com

socalTECH

Pasadena-based LeisureLink is reporting today that it has partnered with vertical search provider Vast.com. READ MORE>>.

X1 Technologies Finds Asian Distributor

socalTECH

X1 said that Shepard will represent the firm's Enterprise Search Solutions in Singapore and elsewhere in South Asia. The firm is backed by Idealab.

LeisureLink Ties With Kayak, NexTag

socalTECH

Details of the partnerships were not disclosed by the company. READ MORE>>.

XCast Labs Signs Two Customers

socalTECH

XCast is venture backed by Siemer and Associates, Frontera Capital and the Pasadena Angels. Bryer Communications and Florida Cable as customers.

LeisureLink Signs Florida Lodging Operator

socalTECH

Financial impact of the win was not disclosed. According to LeisureLink, the resort has implemented its booking engine on its web site. READ MORE>>.

Fisker Automotive Gains Dealers

socalTECH

The dealers include locations nationwide, and include dealers in San Diego, Pasadena, Beverly Hills, Santa Monica, and Orange County. READ MOR

LeisureLink Gets $6.2M

socalTECH

Pasadena-based LeisureLink has closed on $6.2M in a first tranche of additional funding for the travel firm, the company disclosed today.

X1 Gains Third Patent

socalTECH

Pasadena-based X1 Technologies , a developer of enterprise and PC search software, has scored a new patent from the U.S. The U.S. READ MORE>>.

MyShape Launches Fashion Guide

socalTECH

Pasadena-based MyShape , the venture backed, online clothing retailer focused on matching women to clothing based on body shape and measurements, said today it has launched a new feature focused on providing fashion advice. READ MORE>>.

X1 Eyes eDiscovery Market

socalTECH

The firm said the new product is focused on information management and identification for the eDiscovery market. The new software starts at $20,000.

XCast Labs Adds Videomail Support For Blackberry

socalTECH

The service is part of the company's software-as-a-service, IP-PBX and related offerings. READ MORE>>.

DoE Selects Two SoCal Firms For Solar Program

socalTECH

The two local firms are International Solar Electric Technology , which is based in Chatsworth, and TiSol , which is based in Pasadena. The U.S.

X1 Technologies Gains New Funding, CEO

socalTECH

Size of the new investment round in the firm was not disclosed by the company. X1 did not say if prior investor U.S. READ MORE>>.

X1 Technologies Updates Software

socalTECH

Among the updates is a new release of its X1 Profesisonal Client software, and a new versino of its connector to the Symantec Enterprise Vault product.

MyShape Picks Up $10.5M

socalTECH

Pasadena-based MyShape , the personalized fashion retailer run by Louise Wannier, has raised $10.5M in a new round of equity funding, according to a regulatory filing by the firm Wednesday. The filing says the fundraising is part of a nearly $12.1M round. READ MORE>>.