Out of 526 investments by Tech Coast Angels through 2022, 279 (53%) are still active.
Of those no longer active:
- 106 (43%) returned some cash to investors
- 141 (57%) were total write-downs or seem inactive
Of the 106 Exits
- 79 returned at least 100% of the investor’s capital
- 31 returned between 5x and 368x
- 2 have no info on the multiple returned
At the highest price achieved after IPOs, TCA’s return (assuming equal weighting) has been 6.4x and the IRR has been 25.2%. This compares to 2.5x and 22% benchmarks for angels per Angel Resource Institute. Tax benefits from the write-offs are not included in TCA returns.
