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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.

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Axial Biotherapeutics Finds $25M For Parkinson's, Autism Treatments

socalTECH

Pasadena-based Axial Biotherapeutics , a biotechnology company which is focused on developing treatments for Parkinson's disease and Autism Spectrum Disorder, has raised $25M in its Series B funding round, the company announced this morning.

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Obama’s SEC Trying to Kill Entrepreneurship

Steve Reich

New SEC regs will destroy your ability to raise capital. Worse yet, Angels will no longer be able to “self certify” as accredited investors–we will have to show W2′s or proof of our net worth, and most of us will never be willing to share such personal information. Your funding depends on it.

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Interview with Cliff Rees, XCast Labs

socalTECH

round of funding from the Pasadena Angels and Frontera Capital for a voice-over-IP service, and we thought we'd talk with Cliff Rees, the firm's CEO, to understand how the firm is different from those many providers. Can you talk about how you connected with the Pasadena Angels and Frontera?

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Interview with Al Eisaian, IconApps

socalTECH

For our interview today, we caught up with Al Eisaian , CEO of Pasadena-based IconApps (www.iconapps.com), which is developing mobile applications for the iPhone market. Al Eisaian: We spent all of 2009 doing research with moms, having moms come into our Pasadena office and researching what things they wanted in the app. READ MORE>>.

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