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Angel Investment Criteria

SoCal CTO

I’m planning on going to a Tech Coast Angels mixer tomorrow and the topic for me is whether there is angel funding out there for startups that don’t meet classic VC models. By way of background for the question, there’s a great post by Bob Aholt, a Pasadena Angel: An Angel Investor’s Thoughts on Valuation.

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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. Lee founded Bluebeam as a spinoff of Alliance Spacesystems, launching its first products in 2003. READ MORE>>.

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Q3 Venture Investments For SoCal Total Around $1.0 Billion

socalTECH

billion in investments, according to the Q3 analysis of venture capital deals by socalTECH.com. According to an analysis of socalTECH's proprietary database of venture capital deals, venture investors invested slightly more than the $966M in Q3 of 2009, but less than the $1.6 billion invested in Q2.

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Gridtest Systems Gets Seeded

socalTECH

Los Angeles-based Gridtest Systems , a developer of measurement tools for the electric vehicle (EV) market, said this morning that it has raised a seed round of funding from the Pasadena Angels and the Tech Coast Angels. Financial terms of the investment were not announced. READ MORE>>.

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Ranker Raises $1.3M

socalTECH

Los Angeles-based Ranker , the startup headed by Clark Benson which allows users to rank anything they want in a list, has raised $1.3M in a Series A funding. Ranker is a website which allows consumers to rank lists of their favorite TV shows, books, products, or anything else.

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MyShape Runs Out Of Cash, Shuts Down

socalTECH

Los Angeles-based MyShape , the online personalized fashion and women's clothing firm, has shut down. According to a message on the firm's site, it is "temporarily suspending its retail operations" and is no longer offering products. READ MORE>>.

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How GridTest Is Helping To Build The Next Electric Car, With Neal Roche

socalTECH

The clean technology sector is infamous for taking a big toll on startups--requiring large investments, risky technology propositions, steep international competition, and fickle government policies. What are GridTest's products used for? Our product has gone to China, Taiwan, Australia, and Europe.

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