Pasadena Angels Invest Over $4M in 2014

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Pasadena Angels for the 3rd consecutive year invested over $4 million in an array of exciting start-up companies. Pasadena, Calif. April 6, 2015 — Pasadena Angels (PA) today announced that the group has invested a total of $4,163,000 in 17 deals during the year of 2014, making it the third consecutive year with over $4 million invested in deals. 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. The Pasadena Angels’ 100 plus members invest individually and directly, without any legal pooling of financial resources.

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DFJ, Pasadena Angels lead $1.4M funding in Edufii

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DFJ Frontier and Pasadena Angels have led a $1.4 Other participants in the funding round include the Gideon Hixon Fund, Tech Coast Angels, SLO Seed Ventures and coaching industry private investors including Tiger Woods’ first coach Rudy Duran. Blog Company Creation/Operation Fundraising General News Angel Capital Angel Investing Company Sale Exit Strategies Pasadena Angels Startups Valuation VC

2014 Was An Amazing Year for the Pasadena Angels

Steve Reich

2014 Pasadena Angels Performance. • 4 Exits, including Bluebeam for $100mm. • $4.7mm in new funding for portfolio companies. • 20 New Angels joined. I have never seen such energy at the Pasadena Angels in my decade+ as a member. Angels have been attending many outside events, both in Greater Pasadena and further afield in Silicon Beach. Our partnership with Andy Wilson and the Innovate Pasadena team has been enormously helpful, too.

Conversations with Richard Chino, pt. 1

Ask the Angels

What attracted you to becoming an angel investor? During my seven years at the company, we went public, were acquired by Yahoo , and I continued at Yahoo for two more years. We sold the company to ValueClick , now known as Conversant.

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

socalTECH

In a world with a rash of startup incubators and accelerators, super angels, crowdfunding sites, and more, what''s the relevance of organized angel investments groups? First off, for those not familiar with the Pasadena Angels, talk about the group?

Pasadena Angels Fund 1 Invests in Repurpose

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Pasadena, California (February 23, 2017) – The Pasadena Angels (PA) today announced the fourth investment from their PA Fund 1 (The Fund). The Fund invested an additional $100K in Repurpose, a Los Angeles based consumer products company that makes plant based, 100% compostable tableware products. The Pasadena Angels have previously invested $750K in Repurpose. We are pleased to be an additional source of funding for our portfolio companies.

Pasadena Angels invest over $1M in iKizmet

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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. The Pasadena Angels have previously invested $930K in iKizmet; this additional funding from The Fund will bring the total amount the Pasadena Angels invested in iKizmet to well over $1M.

Bluebeam Nets Local Angel Groups 20X Return

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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. pasadena angels exits venture capital angel investment bluebeam tech coast investors greendot gdot

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Staff Ranker: Helping Hospitality Businesses Better Manage Workers

socalTECH

However, Redondo Beach-based StaffRanker (www.staffranker.com) has rolled out a system to help those companies better manage what is a notoriously difficult segment of the labor market, which has a lot of turnover and which just doesn''t match existing, corporate performance management systems.

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? Sometimes the answer is that the team is too busy building a great company to worry about generating press outside their own industry. Companies like Bluebeam point out the reality.

Pasadena Angels Announces Strongest Funding Numbers in 2015

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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. Pasadena Angels funded companies have gone on to raise over $500 million from additional funding sources such as venture capital and private equity.

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. Wasatch’s product package, which groups early stage antibodies, is already being sold to major pharmaceutical companies. This is a great example of the Angels partnering with a gifted management team to build a growing company.”.

Angels to the Rescue

Steve Reich

The one group of investors you can count on to support you in a crisis are your Angels, and I saw two examples over the Holidays. Over a few short weeks during the Holidays, groups of Angels, one led by Dave Berkus, raised enough money to secure the futures of these companies.

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The Curse of a Modest Exit

Steve Reich

You hear about extreme outcomes all the time—the huge exit or a company shutting down. Recently, I got to observe a much more rare event: a company exiting at a modest valuation. It became a real source of revenue for the company. Angel Investing pasadena angels

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Pasadena Angels Racked Up Four Exits, Closed 17 Deals in 2014

socalTECH

The Pasadena Angels , one of the most active organized angel investment groups in the Los Angeles area, released some details on the groups'' 2014 performance over the holidays, saying that it saw a total of four exits--including a $100M exit over at Bluebeam --and closed 17 deals during the year. in new funding for its portfolio companies. pasadena angels exits venture capital angel investment bluebeam

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. The Angel funding process can be arduous. But as a community, we have to figure out how Angels can effectively participate in the development of accelerator-based companies. To help with the capital shortage, we have to tap the Angel community.

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Five reasons bring your deal to the Pasadena Angels

Ask the Angels

There are a lot of great Angel Funding opportunities in Southern California. I have listed below five reasons to bring your deal to the Pasadena Angels. The companies that are funded usually have a Pasadena Angel board member to help advise them. We have an excellent record of bringing back companies to the process who have implemented changes that we recommended. In addition many of our companies return to us for follow up funding.

Pasadena Angels Invest in a $475,000 Series B Investment in Wasatch Microfluidics

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Pasadena, CA – April 23, 2012 –There couldn’t be a better example of putting the unique founding principles of The Pasadena Angels into practice than the story of their investment in Wasatch Microfluidics. The Pasadena Angels have just finished a $475,000 Series B investment in Wasatch Microfluidics, a company that sells protein analysis equipment for drug discovery research. It has been an absolute pleasure to work with the Pasadena Angels.

Pasadena Angels Participate in a $1.6 million Series A Investment in JobSync

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JobSync matches candidates to jobs at leading companies based on experience, qualifications, and personality. Pasadena, Calif., MAR 8, 2012 – JobSync, an innovative online career service that reinvents recruiting for candidates and companies alike, has raised a $1.6M Series A investment from The Pasadena Angels, Tech Coast Angels, and other angel investors from across the country. The Angels look forward to a successful exit in the next few years.

Gridtest Systems Secures Investment from Pasadena Angels and Tech Coast Angels

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Los Angeles, CA (PRWEB) March 20, 2012 – [link]. an independent provider of high-value test and measurement tools for electric vehicle (EV) charging , announced it has closed a seed investment round with Pasadena Angels and Tech Coast Angels. We’re pleased that angel investors have recognized our achievements to date and our commitment to becoming a leading player in the electric vehicle infrastructure testing market.”. About the Pasadena Angels .

Have a Look Inside an Angel’s Brain

Ask the Angels

As Angel investors, we like to see entrepreneurs with a laser-like focus on themselves, their venture, and fundraising. With startups, fundraising is usually the most formidable challenge, whether the money comes from Angels, VCs, or other sources. Over the years I’ve seen many entrepreneurs make the process even more challenging by not putting themselves inside the head of an Angel and not looking at the situation from the investor’s vantage point. Angels run in packs.

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.

PAs participate in Startup Weekend Pasadena

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Winning team Digital Production Studio presents at Startup Weekend Pasadena. Judges Left to Right: Pasadena Angel Omo Velev; Paul Orlando, co-founder of AcceleratorHK; patent attorney Jeffrey G.

SocalTech interviews Terry Kay on Angel Investing

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Kuo from SocalTech.com recently interviewed Terry Kay about his new role as chairman of the Pasadena Angels, angel investing, and the role of angels in today’s entrepreneurial environment. Benjamin F.

Conversations with Richard Chino, pt. 2

Ask the Angels

In addition to his membership with the Pasadena Angels, Richard has been serving on the Board of ShipHawk, StaffRanker, and C2FO, and is a member of the Advisory Board of Chippmunk. Today, Richard shares his views on how the Pasadena Angels fit in today’s competitive funding landscape.

Progress in Pasadena, Part II

Steve Reich

The Pasadena Innovation Council organized a great tech executive meeting in Pasadena on Friday. This is another good step toward pulling together the tech community in the greater Pasadena area. You can find out about the next gathering at Innovate Pasadena.

MindBody Software IPO reaches $500mm

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MindBody, Inc, launched an IPO today, the first Pasadena Angels company to achieve that milestone. Ten years after a small group of Pasadena Angels put up $200,000 to fund its initial expansion, MindBody finished the day at a market cap of $500mm. Congratulations to Rick Stollmeyer and team at MindBody, as well as all of those Angels who participated.

Mindbody Raises $50M at $450M Valuation; IPO Likely in 2015

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Lizette Chapman of the Wall Street Journal talks to Rick Stollmeyer, CEO of MindBody software, which was funded by the Pasadena Angels, about their recent $50M raise and likely IPO in 2015.

iPourIt Gets $2M For Beer Serving System

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Socaltech.com reported iPourIt , which develops computer-controlled, self-serve, beer- and wine-dispensing systems, has raised $2M more in a Series A-1 funding, according to the company. iPourIt.

Insights and Opinions: The Curse of a Modest Exit

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For today’s Insights and Opinions article, we have an article from angel investor Steve Reich , who talks about the pros and cons of a modest exit in an investment. Blog Company Creation/Operation News Product/Technology Uncategorized Angel Capital Angel Groups Angel Investing Company Sale Economy Exit Strategies Exit Strategy Pasadena Angels Startup Companies Startups VC

Conversations with Richard Chino, pt. 3

Ask the Angels

In addition to his membership with the Pasadena Angels, Richard has been serving on the Board of ShipHawk, StaffRanker, and C2FO, and is a member of the Advisory Board of Chippmunk. Chiefly, I look at companies that are doing things that are helpful.

Swing by Swing Golf Acquired by Back9Network

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The Wall Street Journal reports that Back9Network announced today that it has completed the acquisition of Swing by Swing Golf, a Palo Alto startup backed by the Pasadena Angels. Company Creation/Operation Fundraising Intellectual Property Mobile News Product/Technology Uncategorized agreements Angel Company Sale Exit Strategy Pasadena Angels Startup Companies Startups