| Angel Investor Group Profile |
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Pasadena Angels, Inc. aims to provide seed capital and long-term business relationships with start-up companies that promise rapid growth and huge market potential. Primarily focused on technology-based ventures and enterprises across Southern California, Pasadena Angels is a non-profit organization whose members include over a hundred successful entrepreneurs, corporate executives, industry professionals, and skilled investors from different industries and capital investment firms. Aside from providing seed capital to early stage companies in the region, members of the group likewise offer unparalleled expert advice and insights to start-ups who passed the screening process. The organization was founded in 2000 and currently runs its head office in Altadena, California.
With over seven years of productive leadership, Pasadena Angels's mission of being the principal partner to high ranking successful companies in the technology industry today is teemed with unequaled feat. The angel investment group had already provided nearly $8M of seed investment to more than 25 companies in Southern California that include Bluebeam Software, Visioneered Image Systems, Teresis Media Management, TRI-D Systems, LeisureLink, GlobalTouch Telecom, and DAX Solutions. Most early stage companies are provided with a $1M seed capital while those who need an investment worth more than a million or up to $5M, Pasadena Angels coordinates with venture capitalist firms and affiliated angel investment groups to raise the amount. In this light however, the group reiterates that Pasadena Angels is a corporate entity and neither a pool of financial assets nor investment brokers for start-up companies. In addition, there are no fees required for investment application or counseling amid the presentation of business plans. The group believes that promising entrepreneurs should benefit from any services that the organization offers to ensure success in their venture.
Pasadena Angels teams up with venture capitalist firms, law offices, and organizations across Southern California to support emerging companies in their vision. Some of their partners include Business Technology Center of Los Angeles County, Pasadena Entretec, Evercore Ventures, Rustic Canyon Partners, Palomar Ventures, Kline Hawkes & Co., Stone Canyon Venture Partners, and Clearstone Venture Partners. The law firms that support Pasadena Angels are from different backgrounds with expertise in intellectual property rights, corporate and securities, labor and employment, government contracts, and tax cases. In addition, the organization promotes networking to build contacts among related groups to further aid in deal sourcing and follow-on funds.
To be part of Pasadena Angels, interested parties must be accredited investors based on the requirements given by the Securities and Exchange Commission. The angel investment group embraces individuals from different industries and backgrounds: accounting, law, finance, engineering, general management, manufacturing, banking, and related fields. The group also promotes diversity among its members and discrimination is given no room to exist. Although each member is responsible for his own investment and decisions with regard to his chosen start-up, collective leadership among members of Pasadena Angels is also important in upholding the organization's vision to support emerging companies through financial and counseling assistance.
Pasadena Angels stipulates its investment criteria among start-ups who wish to apply for their seed capital as follows:
*Head office should be located in Southern California.
*Huge market potential and rapid growth, scalable business viability, and stable profit-gaining strategies, all considered in an efficient business model presented in the plan.
*Business should follow guidelines regarding intellectual property rights and related applications or fields.
Pasadena Angels Website
The Pasadena Angels' website contains significant and useful articles to any start-up entrepreneur looking for an initial investment to support his company. The organization provides a clear and detailed presentation of its objectives, history, and milestones. Likewise, specific descriptions of each company that Pasadena Angels had initially funded help in creating an overview of the industries that the group invests in. Furthermore, the "apply for funding" link details the investment criteria and selection process among start-ups as well as Pasadena Angels' involvement even after the successful initial funding. The site offers time-efficient links with regard to submission of executive summaries and business plans.
The website provides an extensive list of "Entrepreneur Resources" with reference links to a wide range of information sources such as books, local organizations, and articles. In addition, the "Contact Us" page contains map and driving directions to help interested parties on their way to Pasadena Angels's head office as well as categorical email addresses depending on the type of inquiry that readers wish to send.
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