Strengthened alliance of these renowned angel groups to deliver expanded deal flow and technical expertise to members, and more capital and mentorship to entrepreneurs
IRVINE, Calif. and PASADENA, Calif. – January 18, 2022 – Tech Coast Angels (TCA) and Pasadena Angels (PA) today announced that Pasadena Angels will become a member of the Tech Coast Angels network. While PA will maintain its identity, its affiliation with TCA will have the benefits of a strengthened collaboration, including a seat on TCA’s Board of Governors, better deal flow access, and streamlined operations. For entrepreneurs, this means additional expertise, mentorship, and funding opportunities. The alliance of these two distinguished groups will form one of the largest, most influential angel groups in the world.
Today’s announcement is a logical step for both networks. Both PA and TCA will gain access to each other’s entrepreneurial ecosystems, including due diligence expertise, strong data bases of deals and potential deals, access each other’s investment funds and new programs for improving deal selection.
“We’ve had a close relationship with Pasadena Angels for a very long time,” said Jeff Lapin, TCA chairman. “We have invested in many deals together, and some of those deals, such as MindBody and Bluebeam, have already had very successful exits. Taking our relationship to the next level builds on this collaboration for our members, and it also augments our already large and diverse set of advisors, mentors, and investors we can bring to startups and young companies.”
“Strengthening our relationship with TCA allows for PA to share deal flow, due diligence and expertise. Our angel community isn’t a competitive landscape; we often collaborate with other angels to brainstorm, share knowledge and to seek and fund the very best and brightest entrepreneurs,” said Dave de Csepel, Chairman of the Pasadena Angels. “As seed rounds and capital raises grow evermore significant, there’s an opportunity to widen our funnel, make great investments and help advance some terrific, enterprising, small companies.”