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Pasadena Angels Invest Over $4M in 2014

Ask the Angels

Pasadena Angels for the 3rd consecutive year invested over $4 million in an array of exciting start-up companies. Pasadena, Calif. Since the inception of the Pasadena Angels in 2000, members have invested over $50 million in over 120 companies. Company exit returns were as high as 10X return on initial investment.

Pasadena Angels Form $1.3M Investment Fund

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Pasadena, California (June 1, 2016) – The Pasadena Angels (PA) today announced the formation of their first investment fund at $1.3 The Fund will specialize in seed and early stage investments and will co-invest exclusively in deals that are subscribed by Pasadena Angels members.  million, PA Fund 1 (The Fund).

DFJ, Pasadena Angels lead $1.4M funding in Edufii

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DFJ Frontier and Pasadena Angels have led a $1.4 Blog Company Creation/Operation Fundraising General News Angel Capital Angel Investing Company Sale Exit Strategies Pasadena Angels Startups Valuation VC million Series A funding in Edufii Inc., the social/mobile platform for skill development. Read more here. Tweet Tweet.

The Best Pasadena Tech Company You’ve Never Heard Of

Steve Reich

Why are there great tech companies in Pasadena that no one has heard of? Companies like Bluebeam point out the reality. 

ADP Setting Up Technology Center In Pasadena With 350 Employees

socalTECH

Human resources outsourcing provider ADP is launching a new location in Pasadena, looking to tap into the wealth of technical talent with a new Innovation Center on Lake Avenue. technology center employees growth jobs employment pasadena lakeADP offers up payrolls services and other human resources outsourcing. READ MORE>>.

Innovate Pasadena Seeks To Focus Pasadena's Innovation, Tech Efforts

socalTECH

One of those areas is Pasadena, home to Idealab, Caltech, and a large number of technology companies, big and small. To help bring some focus to the area, a new group, Innovate Pasadena , said this morning that it has launched to promote Pasadenas a leading center for innovation for technology and design. READ MORE>>.

New Pasadena Angels Site Launches

Steve Reich

The Pasadena Angels have redesigned our site with a new focus on Entrepreneurs and LA Basin tech resources. Let me know what you think!

Ten Of The Top Tech Companies For Employees In LA

socalTECH

Who are the top tech companies to work for in Los Angeles? Despite a huge number of companies, we found there are a number which. OpenX.

Conversations with Richard Chino, pt. 1

Ask the Angels

During my seven years at the company, we went public, were acquired by Yahoo , and I continued at Yahoo for two more years. That’s true.

Progress in Pasadena, Part II

Steve Reich

This is another good step toward pulling together the tech community in the greater Pasadena area. It was a great crowd.

New Tech Center Emerging in Pasadena?

Steve Reich

Pasadena may be the best tech story never told. The City of Pasadena has given great support.

Pasadena Angels invest over $1M in iKizmet

Ask the Angels

Pasadena, California (September 22, 2016) – The Pasadena Angels (PA) today announced the second investment from their PA Fund 1 (The Fund).  CEO Andres Moran founded iKizmet after 10 years of the leadership at Mindbody, a Pasadena Angels portfolio company.  Tweet Tweet.

Pasadena Angels Release 2015 Investment Totals

socalTECH

The Pasadena Angels investment group released its investment totals for 2015 this week, saying that it has invested $4.9M across 27 deals in 2015, bringing its total invested since the group was started to over $65M in over 175 companies. pasadena angels investment venture capital investor seedREAD MORE>>.

TZ Tech Crawl | Pasadena Edition!

Tech Zulu Event

Come take a tour of some of the hottest LA Tech companies located in Pasadena! Pasadena, CA). Starting Point. Raymond Ave.

Making The Pasadena Angels Relevant To Today's Startups, With Terry Kay

socalTECH

First off, for those not familiar with the Pasadena Angels, talk about the group? Without that, many companies would not have gone very far.

PAs participate in Startup Weekend Pasadena

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Winning team Digital Production Studio presents at Startup Weekend Pasadena. Tweet Tweet.

PA Board Member Judges ‘Hack for Pasadena’ Event

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Hack for Pasadena winners. Hack for Pasadena winners. Hack for Pasadena winners. Tweet Tweet.

Local Techies Unite to Market Pasadena

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Read Andrea Chang’s article in the Los Angeles Times how Pasadena techies are uniting to market the city as a thriving technology hub. Blog Business Products and Services General Marketing/Advertising Media and Entertainment News Pasadena Pasadena Angels Startup Companies Startups Tweet Tweet.

Angels Help Kick Off Pasadena’s Connect Weekend

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area food trucks, music and beverages while discovering how the people, places and ideas that make Pasadena a great source of innovation.

Makucell Names Pasadena Angels' Scanlon To Board

socalTECH

Makucell , a life sciences company developing anti-aging skin products, said this morning that it has appointed Kevin J. Scanlon is Chairman of the Pasadena Angels and also an active member of the Tech Coast Angels. The company is headquartered in Scottsdale, Arizona. makucell pasadena angels executive lifescience aesthetic

Pasadena Angels Portfolio Company Wasatch Microfluidics Completes Capital Raise

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Pasadena, CA (PRWEB) June 30, 2014 – The Pasadena Angels and Wasatch Microfluidics today announced that Wasatch had closed a $2 million funding round from existing investors and Kirk Ririe, founder of BioFire Diagnostics. This is a great example of the Angels partnering with a gifted management team to build a growing company.”.

The Challenges (& Opportunities) of Starting a Tech Company in LA

Jason Nazar

But I thought I’d take some more time here to expand on what I think are the challenges, and opportunities, of starting a tech company in LA.

Pasadena Angels Announces Strongest Funding Numbers in 2015

Ask the Angels

Pasadena Angels (PA) announced today that our group has invested a total of $5 million in 27 deals in 2015, making it the most successful year in our fifteen year history.  PA members have invested over $65 million in over 175 companies since its inception. Company Creation/Operation Finance & Accounting General News

Southern California Companies Have Healthy Showing In Deloitte Fast 500

socalTECH

Of those 500, there were at least 60 Southern California companies in the rankings. READ MORE>>.

Congrats To The Spotlight: LA Tech Summer Presenting Companies at CalTech

Tech Zulu Event

The Spotlight is shining down these amazing LA companies! Spotlight: LA Tech Summer SuperDemo is all electric car company  CODA. ENGAGE.

Congrats To The Spotlight: LA Tech Winter Presenting Companies at Caltech

Tech Zulu Event

Months of submissions and the amazing  help from our judges , the Spotlight is shinning down on awesome companies that were born right out of Southern California. And now without further ado I present the Spotlight: LA Tech Winter Companies: Spotlight Companies. Bill serves on the boards of directors of numerous companies.

Bluebeam Nets Local Angel Groups 20X Return

socalTECH

Local angel groups have hit the jackpot again with an investment, this time with the October acquisition of Pasadena-based Bluebeam in a $100M deal by German software company Nemetschek AG. The Tech Coast Angels and the Pasadena Angels revealed today that their return on Bluebeam was 20x for angels who participated in funding Bluebeam.

Staff Ranker: Helping Hospitality Businesses Better Manage Workers

socalTECH

In an industry which has a turnover ratio of about nine months, most companies do these one year reviews which don''t make any sense. Thanks!

PA Portfolio Company ShipHawk Scores $5M For Shipping Marketplace

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Socaltech reports that Santa Barbara-based  ShipHawk , the online developer of technology for helping connect users with shipping companies, has raised $5M in a funding round, the company said this morning. DN Capital’s Steve Schlenker also joins the company’s board. Tweet Tweet.

Supplyframe Opens Hardware Design Lab In Pasadena

socalTECH

Pasadena-based electronic hardware design and manufacturing information service Supplyframe says it is launching a new design lab in Pasadena today, where it will look to bring together investors and entrepreneurs to bring hardware projects to market. Supplyframe is led by Steve Flagg. READ MORE>>.

Angels to the Rescue

Steve Reich

Emergency cash is never free, even from Angels.  I saw the deal terms for both, and invested in one company. What then? The terms?

Angel 26

Idealab Ramps Job Hiring

socalTECH

In an unusual move for an otherwise dismal job market, Pasadena-based Idealab is joining the ranks of local companies doing aggressive recruiting of technology talent, saying today that it is running a technology job fair next week for its companies. idealab employment angeles pasadena technology talent jobs unemployed

SocalTech interviews Terry Kay on Angel Investing

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Benjamin F. Terry Kay. Benjamin Kuo. Tweet Tweet.

MRV Gets Win In Pasadena

socalTECH

Chatsworth-based optical networking products firm MRV Communications reported a win with the City of Pasadena, saying that the city will be using the company''s products to build a high-capacity, optical network. communications pasadena optical networking hardware network comm FInancial impact of the win was not announced.

The Curse of a Modest Exit

Steve Reich

You hear about extreme outcomes all the time—the huge exit or a company shutting down. It became a real source of revenue for the company.

Tips 19

PA Alumni Bluebeam Software Acquired For $100M

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Socaltech.com reports Pasadena-based software developer  Bluebeam Software has been acquired by German software company  Nemetschek AG , the two said late Friday. According to the two, Nemetschek will pay $100M for BlueBeam, which is a developer of PDF software used for architecture, engineering, and construction. Read more.

The Odd Couple: Angels and Accelerators

Steve Reich

At a recent accelerator event on the West Side, a friendly young founder told me that he had been coached by his mentor not to talk to Angel groups.  As a Pasadena Angel, I wanted to be shocked, but I wasn’t.  They are all hunting for capital, and the Angels are hunting for hot companies.  The conflict is built in. 

Coach 20

Have a Look Inside an Angel’s Brain

Ask the Angels

On numerous occasions I’ve been approached by entrepreneurs asking if we’d fund their company in a particular sector, right after closing down a similar company. Please do your homework (see below) before pitching, and in particular do some research on our portfolio companies—particularly noting where we’ve had successes and failures.

Digest 6/6 – 12: Big Raises for Spaces VR, Virtual Reality Co, Frequency; Legendary Goes OTT

LATechDigest

Innovate Pasadena. Stitcher Tinder troy carter Virtual Reality CompanyTHIS WEEK’S EVENTS: see full calendar. Monday, June 13.

Conversations with Richard Chino, pt. 2

Ask the Angels

Is that one of the values that Pasadena Angels provides? The Pasadena Angels is part of a rich and diverse ecosystem of other angel groups.