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Pasadena Angels Release 2015 Investment Totals

socalTECH

The Pasadena Angels investment group released its investment totals for 2015 this week, saying that it has invested $4.9M The angel groups said thirteen new companies received investments from the group, including Orca Inventory Systems, Episona, Nailsnaps, Pasture Bird, Level27, Datum Security, Veristride, Connected Signals, granPad, Beatshare, Tallygo, Happy Desk, and Pick my Solar. pasadena angels investment venture capital investor seed

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Pasadena Angels Back Scientific Equipment Startup

socalTECH

The Pasadena Angels have backed developer of protein analysis equipment for the drug discovery and research market, investing $475,000 in a Series B for Wasatch Microfluidics , the group said this week. The investment by the Pasadena Angels was led by Dr. Kevin Scanlon. wasatch microfluidics protein analysis venture capital drug development discovery pasadena angels angel investment

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Makucell Names Pasadena Angels' Scanlon To Board

socalTECH

Scanlon is Chairman of the Pasadena Angels and also an active member of the Tech Coast Angels. makucell pasadena angels executive lifescience aestheticMakucell , a life sciences company developing anti-aging skin products, said this morning that it has appointed Kevin J. Scanlon, Ph.D., to its board of advisors. Makucell did not say if it received an investment from either group as part of the appointment.

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New Pasadena Angels Site Launches

Steve Reich

The Pasadena Angels have redesigned our site with a new focus on Entrepreneurs and LA Basin tech resources. There are links to great community resources like Innovate Pasadena and others. Angel Investing Bluebeam Pasadena Angels Raising Captial We took a lesson from successful companies we have funded–we talked to the market first. We started by surveying a group of local entrepreneurs and our own members to find out what they wanted in a site.

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Tech Coast Angels, Pasadena Angels Among Top Angel Groups In New Report

socalTECH

A new report, released by the Angel Resource Institute in the last week, has spotlighted the Tech Coast Angels and the Pasadena Angels as among the top four angel groups in California, and the Tech Coast Angeles as number two in the nation in terms of the number of deals in 2016. The rankings were released in the Angel Resource Insitute's 2016 ARI HALO Report. The ARI did not release individual deal counts for the various angel groups.

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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. pasadena angels exits venture capital angel investment bluebeam

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2014 Was An Amazing Year for the Pasadena Angels

Steve Reich

2014 Pasadena Angels Performance. • 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. It’s hard to exaggerate the impact IP is having in Pasadena.

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

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Ready Set Food Finds $2.2M In Pre-Seed Round

socalTECH

Los Angeles-based Ready Set Food , a startup developing a system which introduces babies to peanut, egg, and milk--potential allergens--has raised $2.2M The funding came from Amplify.LA, Wavemaker 360, PLG Ventures, Adam Miller, David Rogier, the Pasadena Angels, and John Burry. ready food readysetfood venture capital seed funding pasadena angels wavemaker allergen allergies

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Staff Ranker: Helping Hospitality Businesses Better Manage Workers

socalTECH

George Collado: We worked with the Pasadena Angels, Tech Coast Angels, and Siemer Ventures, and in January we raised a $300,000 seed round. angel siemer pasadena angels coast tech startup interview enterpreneur raker staff staffranker collado george If you run a distributed, restaurant or hospitality business, how do you manage your business? It turns out, it''s not so easy.

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Ondax Names Belz To Board

socalTECH

The firm, which recently completed a $2.0M, Series E funding round from the Pasadena Angels and Tech Coast Angels, said Belz will represent both of those angel groups on its board. ondax executive andrea belz optical holographic gratings pasadena angels angel investor caltech

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Rockoco Gets $1.5M For Super-Polishing Diamonds

socalTECH

Pasadena-based Rockoco , a spinout of Caltech, has raised $1.5M in a funding round, according to lead investor the Pasadena Angels. Tags: rockoco diamond polishing semiconductor venture capital pasadena angels Rockoco is developing technology which increases the polish of natural diamonds, beyond previously achievable levels. According to the firm, it will use the funding to move the firm out of its current home at Caltech into its own facility.

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Join the Connect Weekend with Innovate Pasadena

Steve Reich

Innovate Pasadena is, as usual, leading the charge to showcase the Tech Community in the Greater Pasadena area. Check it out on their site at: Innovate Pasadena. Many Pasadena Angels will join the events, and I’ll be judging apps at the Hackathon. Angel Investing Entrepreneurs Incubators and Accelerators Innovate Pasadena mobile apps Pasadena Angels

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Insights and Opinions: Angels Behaving Badly

socalTECH

For our Insights and Opinions section today, we're sharing a piece from Joe Platnick , a member of the Pasadena Angels, who addresses the issue of those--ahem--as le angels. In my original Top 10 list of criteria for selecting an angel investor, there were two items that aren't often discussed, but are worth scrutinizing during the fundraising process: - Honesty and integrity. - Tags: platnick insights opinions pasadena angel investor

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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? And they have done it all with minimal financing–a Pasadena Angels round years ago. That said, we still need to put Pasadena on the map as the real tech hub it has already become. Innovate Pasadena has begun the process of making the area more visible, and you’ll be seeing more in the months to come. Angel Investing Bluebeam Innovate Pasadena Pasadena Angels

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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. Ted Tekippe, CEO of Doublebeam joined us, as did Kevin Scanlon, Chairman of the Pasadena Angels. You can find out about the next gathering at Innovate Pasadena. Erik Hovenec discussing a new Pasadena Accelerator.

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The Curse of a Modest Exit

Steve Reich

Angel investors, some of whom I had personally witnessed calmly losing six figures on failed ventures, were seriously annoyed. If you didn’t believe that, you couldn’t be a founder or angel investor. This experience led me to ask some questions: Does every angel investment have to be a home run? DuWayne Peterson, founding chairman of the Pasadena Angels, told me we should be targeting companies that needed modest capital to hit a 3-5x outcome.

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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. Emergency cash is never free, even from Angels. This story highlights a key point–unlike many other investors, Angels are there for you in a crunch.

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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. Because our Nanny State thinks Angel Investors need “protection” I normally try to keep my politics out of my blog, but this is ridiculous. Overwrought headline? Hardly.

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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. Building ties between accelerators and Angels is a key part of the solution.

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Digest 5/30 – 6/5: Nant Health’s IPO, Loot Crate’s Series A, Snapchat Passes Twitter, RadPad FB’s App of the Year

LATechDigest

LACI, Los Angeles. Pasadena WeWork, Pasadena. DTLA General Assembly, Los Angeles. CTRL Collective, Los Angeles. HauteLook/Nordstrom HQ, Los Angeles. Busby’s, Los Angeles. Innovate Pasadena. Pasadena Cross Campus, Pasadena. LMU, Los Angeles. **. PASADENA ANGELS Raises $1.3M News activision Immortals imperson Loot Crate Nant Health Pasadena Angels radpad snapchat tigertext Tiptalk virgin galactic

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How I Got Funded

SoCal Tech Calendar

Pasadena Angels. Engage in our panel discussion with Pasadena Angels' portfolio companies and network with our angel investors. Win a raffle ticket for an invitation to attend a our Member Breakfast at the Annandale Golf Club and consultation with a Pasadena Angels investor. Thursday, October 19, 2017 -- How I Got Funded. Launching your start-up requires more than grit, determination and a great idea.

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How I Got Funded

SoCal Tech Calendar

Presented by the Pasadena Angels in partnership with LAVA and Expert Dojo Launching a successful start-up requires more than grit, caffeine and an innovative idea. Join us for a panel discussion with Pasadena Angels' portfolio companies and network with our angel investors, LAVA members and the Expert Dojo team. Thursday, March 15, 2018 -- Join us for an evening celebrating entrepreneurship at Expert Dojo, Santa Monica CA.

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Silicon Beach Report Aug. 10: Snap Inc.’s Slow Second-Quarter Growth Disappoints Wall Street

L.A. Business Journal

s slow second-quarter growth disappoints Wall Street, Los Angeles Rams Owner Stan Kroenke buys e-sports team and DUI-test maker Ocular Data Systems funded by Pasadena Angels Snap Inc.’s

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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.

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Parchment Acquired By Brentwood Associates

socalTECH

Parchment got its start in Los Angeles as Docufide, a startup offering up handling of high school transcripts for colleges and university applications; Docufide was venture backed by the Tech Coast Angels and Pasadena Angels. parchment brentwood associates merger acquisition docufide education transcript records school pasadena anagels

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Entrepreneurial Metrics-Measurements for Success

SoCal Tech Calendar

Join Pasadena Angels Chairman, Chris Wadden, at this special evening where he will talk about various methodologies that investors use to evaluate entrepreneurs. Tuesday, October 23, 2018 -- Entrepreneurial Metrics-Measurements for Success. Investors agree that the single most important factor for a company's success is the entrepreneur.

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Ranker Hits 11.5M Uniques In December

socalTECH

Los Angeles-based ranking and polling website Ranker , the startup led by Clark Benson and backed by Draper Associates, Rincon Venture Partners, Siemer Ventures, Lowercase Capital, BullPen Capital, Data Collective, TenOneTen Ventures, Tech Coast Angels, and Pasadena Angels, said today that it hit 11.5

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Los Angeles VC Panel and LAVA Annual Membership Meeting

SoCal Tech Calendar

Tuesday, August 20, 2019 -- Los Angeles VC Panel and LAVA Annual Membership Meeting. Come meet three of the most active Venture Capital funds in Los Angeles. Panel includes: Evan Richter, Smash Ventures; Adam Corey, Global Village; Chris Wadden , Pasadena Angels. Meet the top VCs who are investing in Southern California. Find out what they are looking to invest in. Find out what does it take to secure Venture Capital for your company.

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Ondax Raises $2M More

socalTECH

According to the Pasadena Angels, one of the investors in the firm, the round also included the Tech Coast Angels and un-named venture capital firms. The Pasadena Angels said the funding will go towards expanding and growing Ondax's optic solutions. The Pasadena Angels said the round was led by member Andrea Belz, and that the group will receive a board observer seat as part of the funding.

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AnyMeeting Integrates With Zimbra

socalTECH

AnyMeeting is venture backed by the Pasadena Angels and Tech Coast Angels. Huntington Beach-based AnyMeeting , the provider of free web conferencing and online meeting software, said this week that it has integrated its products with VMware's Zimbra Collaboration Software. AnyMeeting said its new AnyMeeting Zimlet product allows Zimbra users to schedule, launch, and manage AnyMeeting online meetings from within Zimbra.

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Yowza Acquired By Spindle

socalTECH

Los Angeles-based Yowza , the developer of a mobile coupon and deals app, which was backed by comedian Wayne Brady, the Tech Coast Angels, the Pasadena Angels, and others, has been acqurieed by mobile commerce software provider Spindle , Spindle said today. Spindle said it acquired substantially all of Los Angeles-based Yowza, and will integrate Yowza''s mobile coupon product into its mobile marketing services.

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Ondax Closes Round At $2.2M

socalTECH

The round was led by Prospector Equity Capital and Arcturus Capital, and also included the Pasadena Angels and Tech Coast Angels. Andrea Belz joins the firm's board as part of the funding, representing both the Pasadena Angels and Tech Coast Angels. Those two angel groups had announced their involvement in the funding in December.

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Innovate Pasadena Launch Party 6/27

Steve Reich

Innovate Pasadena is throwing a Launch Party–the whole Pas tech community will be there, and you should, too! You can get tickets while they last by joining the Innovate Pasadena group on LinkedIn. The Pasadena Angels will be there, in addition to representatives of CalTech, the City of Pasadena, IdeaLab, and more. Angel Investing Entrepreneurs Innovate Pasadena

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MINDBODY Prices IPO, Starts Trading Today

socalTECH

Morgan, along with the Tech Coast Angels, Frontera Capital, and the Pasadena Angels. San Luis Obispo-based MINDBODY priced its IPO last night at $14.00 per share, at the midpoint of its initial estimated trading range of $13.00 to $15.00 per share. MINDBODY said it will sell 7,150,000 shares of its common stock, and will begin trading on the NASDAQ Global Market this morning as MB.

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Bluebeam Software Acquired For $100M

socalTECH

Pasadena-based software developer Bluebeam Software has been acquired by German software company Nemetschek AG , the two said late Friday. Bluebeam was a spun out of Alliance Spacesystems, and has received investments from both the Pasadena Angels and Tech Coast Angels. According to the two, Nemetschek will pay $100M for BlueBeam, which is a developer of PDF software used for architecture, engineering, and construction. Bluebeam Software was led by Richard Lee.

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Start-Up Funding In Southern California

SoCal Tech Calendar

Panel includes Ray Chan, Managing Partner at K5 Venture Partners; Anil Tammineedi, Vice President at Angeleno Group; Kiran Rao, Associate at Vicente Capital Partners; Al Schneider, Co-Founder and Past Chairman of Pasadena Angels. Wednesday, March 21, 2012 -- Start-Up Funding In Southern California.

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AnyMeeting Targets Network Marketing Firms

socalTECH

The company, which is backed by the Tech Coast Angels, Pasadena Angels and Maverick Angels, said its new "Quick Start" program will provide those network marketers with a free, company-branded web conferencing tool, which can be made available to all of those firms' distributors at no cost.

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Ranker Takes $2M For Expansion Efforts

socalTECH

Los Angeles-based Ranker , the online site which lets users rank, view, vote, and share their opinions on a wide range of topics, announced today that it has raised $2M in a follow on investment round. The starup, led by Clark Benson , said the funding came from Lowercase Capital , BullPen Ventures, Data Collective , as well as prior investors Draper Associates , Rincon Venture Partners , Siemer Ventures , TenOneTen, Tech Coast Angels and Pasadena Angels.

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Allylix Acquired By Evolva

socalTECH

Allylix was venture backed by Avrio Ventures, BASF Venture Capital GmbH, Blue Grass Angels, Cultivian Ventures, Life Science Angels, Midpoint Food & Ag Fund, Pasadena Angels, Tate & Lyle Ventures, and the Tech Coast Angels. allylix evolva flavors fragrances merger acquisition tech coast angels

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AnyMeeting Rolls YouTube Feature, Hits 200K Users

socalTECH

AnyMeeting, headed by Costin Tuculescu, is backed by the Tech Coast Angels, Pasadena Angels, and the Maverick Angels. Huntington Beach-based AnyMeeting , which develops free web conferencing and online meeting software, reported this morning that it has released a new feature which lets users share any YouTube video into their meeting, and has also hit a milestone of 200,000 registered users.

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OptionEase In Strategic Partnership

socalTECH

OptionEase is headed by Kim Kovacs, and is venture backed by GADS Option Fund, Miramar Venture Partners, Pasadena Angels and the Tech Coast Angels. Mission Viejo-based OptionEase , the developer of stock option tracking and accounting software-as-a-service, reported Wednesday that it has inked a strategic alliance with a provider of equity compensation plans administation, AST Equity Plan Solutions. Financial impact of the deal were not disclosed.

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TherMark Acquired By Ferro

socalTECH

TherMark was backed by the Tech Coast Angels and Pasadena Angels, and had announced a total of around $2.55M in funding since 2006. thermark holdings merger acquisition ferro marking label labeling exit tech coast angels pasadena Irvine-based laser marketing technology developer TherMark Holdings has been acquired by Cleveland-based Ferro Corporation , in a deal worth $5.5M, the two said late Wednesday afternoon.