2014 Pasadena Angels Performance • 4 Exits, including Bluebeam for $100mm • $4.7mm in new funding for portfolio companies • 17 Deals closed, 10 new and 7 follow-on rounds • 20 New Angels joined I have never seen such energy at the Pasadena Angels in my decade+ as a member. Deals are getting done, and the PA are more involved in the tech community than ever before. Angels have been attending many outside events, both […]
Innovate Pasadena is, as usual, leading the charge to showcase the Tech Community in the Greater Pasadena area. Their next event is a week long extravaganza of Pitchfests, Hackathons, Seminars, and more during the week of 3/10. 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. See you there!
The Pasadena Angels have redesigned our site with a new focus on Entrepreneurs and LA Basin tech resources. 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. The message that came back was very clear–both groups wanted a site that showed that: 1) the PA are actively […]
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. One example is Bluebeam. They are revolutionizing the Architecture, Engineering and Construction industries by eliminating the need for hard copy blueprints. They employ 100+ people, have substantial sales, are profitable, and have hundreds of thousands of users world-wide. […]
Overwrought headline? Hardly. New SEC regs will destroy your ability to raise capital. In a nutshell, new SEC rules will REQUIRE entrepreneurs to register with the SEC BEFORE approaching investors. 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. And did I mention that pitch […]