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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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Episona Gets $4M For Male Infertility Testing

socalTECH

Pasadena-based Episona has raised $4M in seed funding, to go towards expansion of its male fertility testing product, Seed, the company said last week. According to Episona, the funding came from the Pasadena Angeles, as well as other high-net worth individuals from Pasadena and San Francisco.

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Mindbody Moves Closer To IPO, Sets IPO Trading Range

socalTECH

Mindbody is selling 7,150,000 share of its stock in its IPO, which would net $123.3M Morgan, along with the Tech Coast Angels, Frontera Capital, and the Pasadena Angels. Mindbody said in a filing this morning that it now expects its IPO to debut at between $13.00 and $15.00 for the company if its prices at the high range.

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AnyMeeting Names VP

socalTECH

Gerken was previously the founder of BuzzDash, and also had served at Net Effect Systems and Ask Jeeves, where he was COO of Ask Jeeves, U.K. Anymeeting is headed by Costin Tuculescu, and offers up free online meetings; the firm is angel backed by the Pasadena Angels and the Tech Coast Angels. and Ireland.

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Obama’s SEC Trying to Kill Entrepreneurship

Steve Reich

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. Here is the Angel Capital Association’s take: SEC regs. Do everything you can.

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Interview with Alan Horsager, Episona

socalTECH

Our interview today is with Alan Horsager , the CEO of Pasadena-based Episona (www.episona.com), an angel backed startup which has already developed and has been offering up an epigenetic test for male fertility. Alan Horsager: The funding originally started with a convertible note, through the Pasadena Angels.

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Interview with Cliff Rees, XCast Labs

socalTECH

Los Angeles-based XCast Labs (www.xcastlabs.com) announced earlier this month that it has raised a $2.7M 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.

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