MEDIA
VentureNet’s
Best of Show and Four Other Finalists In Funding Talks with Tech
Coast Angels
Five
TCA Members Served On VentureNet Selection and Review Committee
IRVINE,
Calif. – September 27, 2005 –
Tech Coast Angels (TCA), the largest angel network in the United
States and the number one source of first-time, startup and early
stage funding in Southern California, today announced that its
members are in funding discussions with Vigilistics, the VentureNet
2005 Best of Show winner and four of the nine show finalists.
Five TCA members also served as members of the VentureNet company
selection and review committee. VentureNet, www.venturenet.org,
is Southern California’s premier capital conference for software
and information technology companies.
“VentureNet
is an outstanding venue for showcasing the most promising information
technology companies in Southern California,” said John Morris,
TCA’s chairman. “Of the ten companies presenting at
VentureNet, our members are in funding discussions with five,
including VentureNet’s Best of Show company.”
The companies
TCA is currently evaluating include:
- Vigilistics,
Costa Mesa, Calif., enterprise class software for factory process
automation and VentureNet Best of Show winner, www.vigilistics.com
- Auditude,
Los Angeles, Calif., services that automatically track broadcast
advertisements, www.auditude.com
- Devinix,
San Diego, Calif., global payment services platform, offering
end-to-end payment services, www.devinix.com
- Make It
Work, Santa Barbara, Calif., providers of onsite computer service
and support for home users, really small business and mobile
workers, www.makeitwork.com
, first closing in process
- Virtual
Iris, Santa Monica, Calif., image creation and viewing software,
that instantly make any and all online, email or eBay images
dynamic, interactive, and transaction-capable, www.virtualiris.com
About Tech
Coast Angels
The Tech Coast
Angels, www.techcoastangels.com
, is the largest angel investor network in the United States,
providing funding and guidance to the most early stage, high growth
companies in Southern California. Since its inception in 1997,
TCA members have personally invested $58 million in 91 companies
and have helped portfolio companies attract $552 million in additional
capital, ten times their original investments, mostly from venture
capital firms. As a value-add, seed and early stage investment
group, TCA offers companies much more than capital. Members also
mentor and coach entrepreneurs, help recruit additional management,
and provide access to institutional investors and strategic partners.
TCA has more than 270 members in its four networks in Los Angeles,
Orange County, San Diego and Westlake/Santa Barbara.
FOR IMMEDIATE
RELEASE FOR MORE INFORMATION:
Susan Spencer
for TCA
Spencer Communications
(310) 543-9121
susan@spencercomm.biz
Venturing
Close to Home
Southland investors aim to foster more start-ups in the region
By Alex Pham
7/07/04
In
Silicon Valley, "you literally have dozens of venture capitalists
on Sand Hill Road within a five-building complex" in Menlo
Park, said Hoshi Printer, president of the Software Council of
Southern California, which hosts VentureNet, an annual event for
software entrepreneurs and investors. "Here, it is so geographically
dispersed that it's difficult to create that same sense of community."
Host/Producer:
Tony Kinkela
Guests: Hoshi Printer, Software Council president & Patrick
MacDonald King, president and CEO of DAX Solutions, a company
that received funding directly from its appearance at VentureNet
2003.
Show
aired throughout the week of 10/03/04
"At
VentureNet we were probably two or three months into our funding
process. I think it provided us with great exposure to the VC
community as well as solidified a lot of our business model. We
had a great audience."
-- Patrick MacDonald King
"VentureNet
brings together two sets of people. The first are the set of entrepreneurs
like you mentioned, Patrick, and they need access to capital.
They have growing companies and to stabilize their own companies
they need access to capital. And the other side we bring together
are the investors, so, the angel investors, venture capitalists,
investment banks, or just plain investors."
-- Hoshi Printer
Latest
Release - SOFTWARE COUNCIL OF SOUTHERN CALIFORNIA
NOW ACCEPTING APPLICATIONS FOR VENTURENET™ 2005
Media
Contact
Rose Maciejewski
Ruder Finn
office direct: 310-882-4002
maciejewskir@ruderfinn.com
