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William H. Pickering Lecture at AIAA Space 2009

SoCal Tech Calendar

Wednesday, September 16, 2009 -- William H. Pickering Lecture at AIAA Space 2009. Speakers include Christopher Martin, Professor of Physics, Physics, Mathematics, and Astronomy Division, California Institute of Technology, Pasadena, CA, Matt Mountain, Director, Space Telescope Science Institute, Baltimore, MD, and Michael Werner, Chief Scientist, Astronomy and Physics Directorate, NASA Jet Propulsion Laboratory, Pasadena, CA. William H.

Angel Funding Advice

Both Sides of the Table

I can’t really speak generically to this because the Tech Coast Angels / Pasadena in SoCal have produced Green Dot, MyShape and many other successes. 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.

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.On Thursday (10/22) this week, join us for a full day of worthwhile events in Altadena at Tech Week. The morning’s session features a Cleantech program , moderated by Ben Kuo of SocalTECH.com.

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.

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. Lastly, Jeff Sheldon, a longtime member of the Pasadena Angels and well respected IP attorney and litigator put together a good reference on Patenting Inventions.

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Startup Challenges and Failures

Ask the Angels

Tags: Company Creation/Operation Fundraising General Jason Calcanis Joe Platnick Pasadena Angels Sequoia

Java Subversion

SoCal Tech Calendar

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

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

LeisureLink Raises $3.5M

socalTECH

Pasadena-based LeisureLink , which operates an online marketplace and service for vacation rental booking, has raised $3.5M LeisureLink has previously raised funding from Clearstone Venture Partners, Group RCI, Kodiak Ventures LP, Mission Ventures, Pasadena Angels and the Tech Coast Angels.

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. Local angels--whose biggest exit so far in recent years was the IPO of Green Dot back in 2010--were the first backers of MindBody, having first received funding from Frontera Capital, the Pasadena Angels, and the Tech Coast Angels back in 2009.

LeisureLink Signs Travel Site

socalTECH

Pasadena-based LeisureLink , which operates an online marketplace for vacation rentals, announced today that it has signed on site PerfectFamilyVacations.com.

X1 Takes On eDiscovery

socalTECH

Pasadena-based X1 Technologies, a developer of desktop and enterprise search software, is setting its sights on the eDiscovery market, saying this morning that it has created a new offering specifically aimed at the eDiscovery market.

LeisureLink Wins Casino

socalTECH

Pasadena-based LeisureLink , which operates a service to distribute specialty lodging and vacation rentals to online travel sites, disclosed over the weekend that it has signed on John Ascuaga's Nugget Resort Casino as a customer.

Teresis Adds To Board

socalTECH

Teresis is angel backed by the Tech Coast Angels and Pasadena Angels. Santa Ana-based Teresis Media Management revealed Tuesday that the firm has tapped B. Hawkins, President and CEO of technology services firm OFS, for its board of directors.

LeisureLink Gains Distributor

socalTECH

Pasadena-based LeisureLink , which operates an online booking service for vacation rentals and specialty lodging, has inked a deal with website provider GTP Travel Group.

LeisureLink Claims Customer Success

socalTECH

Pasadena-based LeisureLink , which develops software and services for specialty lodging suppliers, said today that one of its customers, Kees Vacation Rentals, has seen an increase in the firm's bookings by 38%, from using the firm's platform.

LeisureLink Further Expands Distribution Partners

socalTECH

Pasadena-based LeisureLink is further expanding its distribution partners, saying today that it has added web sites WorldWeb.com and SurftoSkiRetreats.com to its list of online sites carrying the firm's listings.

LeisureLink Signs Vast.com

socalTECH

Pasadena-based LeisureLink is reporting today that it has partnered with vertical search provider Vast.com. Financial terms of the partnership were not disclosed.

X1 Technologies Finds Asian Distributor

socalTECH

Pasadena-based X1 Technologies , a developer of enterprise search software, announced Monday that the firm has tapped Singapore firm Shepard Pte Ltd as a partner.

LeisureLink Ties With Kayak, NexTag

socalTECH

Pasadena-based LeisureLink , which operates an online booking engine for vacation rentals, said this week that it has inked two deals with travel partners.

XCast Labs Signs Two Customers

socalTECH

XCast is venture backed by Siemer and Associates, Frontera Capital and the Pasadena Angels. Los Angeles-based XCast Labs , which provides voice-over-IP software for cable and telecom companies, disclosed two wins this morning, saying that it is providing services to S.

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. I’m off to Asia, so today’s post will be briefer than usual. Earlier today I came across an interesting post by the BBC (yes, that BBC), The Problem with PowerPoint.

LeisureLink Signs Florida Lodging Operator

socalTECH

Pasadena-based LeisureLInk , which operates an online platform for vacation rental and specialty lodging providers, said Wednesday that it has signed on a Florida luxury resort, Silver Lake Resort.

Fisker Automotive Gains Dealers

socalTECH

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

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. Patent and Trademark office, the firm said today. X1 said the patent covers technology for the incremental searching used in its user interface.

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. MyShape is venture backed by Draper Fisher Jurvetson, Lehman Brothers Venture Partners, the Pasadena Angels, and the Tech Coast Angels.

X1 Eyes eDiscovery Market

socalTECH

Pasadena-based X1 Technologies , the desktop search tools software firm backed by Idealab, said this morning that it has shipped a new enterprise product, X1 eDiscovery Search Suite.

XCast Labs Adds Videomail Support For Blackberry

socalTECH

Los Angeles-based XCast Labs , a developer of voice-over-IP technology and services, announced today that the firm has rolled out its IP video mail services to BlackBerry deviecs.

IP 2

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

Pasadena-based X1 Technologies , a developer of desktop search software, announced today that the firm has raised new funding from backer Idealab, plus made a few executive changes.

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. I 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. There are plenty of examples of Pasadena Angel companies that have had multiple rounds of funding and provided quite good returns to the investors. Following on the heals of last week’s post from Andrea Belz, we have another guest blogger, Bob Aholt.

X1 Technologies Updates Software

socalTECH

Pasadena-based X1 Technologies , the document indexing and search software firm backed by Idealab, disclosed this morning that it has released two upgrades to its software.

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. You could quickly infer from the questions that the objective was to find a high growth potential venture to invest in.

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MyShape Picks Up $10.5M

socalTECH

Pasadena-based MyShape , the personalized fashion retailer run by Louise Wannier, has raised $10.5M No details on the funding have yet been announced by the company, which is backed by Draper Fisher Jurvetson, Lehman Brothers Venture Partners, the Pasadena Angels, and the Tech Coast Angels. 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.

Teledyne Powers NASA Moon Mapping Effort

socalTECH

The Moon Mineralogy Mapper was built by the Jet Propulsion Laboratory in Pasadena. Thousand Oaks-based Teledyne Technologies Incorporated revealed yesterday that the firm's subsidiary, Teledyne Scientific & Imaging, is powering a NASA effort to map the moon.

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. Imagine also that the requests for payment only get worse the further into their funding process you go. By now you’ve probably figured out that I’m making this up.

eSolar Names New CEO

socalTECH

Pasadena-based eSolar , a developer of concentrating solar thermal power technology, said today that it has appointed John Van Scoter as its new Chief Executive Officer. Van Scoter was most recently at Texas Instruments Alternative Energy Strategy, and has a 25-year career at Texas Instruments. eSolar also said that Van Scoter will join the firm's board of directors. eSolar is venture backed by Google, Idealab, and Oak Investment Partners. READ MORE>>.