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And while they historically had come up with 100% of their ideas and created the companies themselves, they are increasingly open to funding people with great ideas who want to build businesses with IdeaLab provided the companies will stay be in LA (and preferably Pasadena). We talked about patents. They are very hands on.
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?
It''s designed for business people. After three years of that, I decided I needed to go back to the entrepreneurial world, and joined up with another young company, which was SupplyFrame in Pasadena. It''s not a programming tool, even though it uses a lot of big data. It''s an easy to use, simple package, and not complicated.
Orange County startup Beatshare --backed by the Tech Coast Angels, Pasadena Angels, Harvard Business School Angels, and Archangels, among others�thinks it's figured out the formula to make music the message in its mobile app. Before that, I was at a multimedia design academy in high school. What were your backgrounds before Beatshare?
Pasadena-based New Matter (www.newmatter.com) is developing a 3D printer, the MOD-t, which it says will help bridge the world of 3D printing experimentation with the consumer. We''re doing that through really a low cost, affordable, elegant looking, and easy to use 3D printer designed for consumers, not just professionals.
Our headquarters are now in Asuza, because we weren't able to get permits in Pasadena. That's what we licensed from Caltech, and now, with our own people, we've been able to take it to the next level, not only from the technology but also the design perspective. That round was worth $15.2M, but was tranched into three installments.
In college at the California Institute of Technology, he patented a new loudspeaker design and formed GNP Loudspeakers, Inc. He is also a member of the Board of Trustees of the California Institute of Technology and of the Art Center College of Design. Where: CalTech 1200 E California Blvd Pasadena, CA 91125.
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