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Tech Coast Angels | ViToBlog
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Tech Coast Angels

by ViTo • May 19, 2007 Comments off

Today I had the opportunity to join one of the Tech Coast Angels meeting. Tech Coast AngelsThey are a venture capital organization here in Orange County who are specialized on providing funding for startups; and as they say, they are the “#1 Angel Network in the United States“. I was fortunate enough to attend as a guest of Frank Peters (you may know him from the Frank Peter’s show a great website with resources about entrepreneuship) who was one of the guest speakers from our entrepreneurship lecture and who happens to be the chair of this Angels organization.

The meeting took place at floor 14 in an office building barely 10 minutes away from my home, an I got to see how people from 4 different companies asked for big money (around 1 million $ each) in a round of 20 minutes presentations.
It is a bit weird cause in a 2 hours period you can hear about completely different stories going from one of the many new internet opportunities to a company from the medical sector, and you should be able to recognize a winner horse from a money sink. Actually, before going in, I was a bit intimidated by the whole raising money procedure, yet I realized that although it’s not easy, it’s not that big deal either; and the truth is that in a 20 minutes speech you cannot really go too deep into the topic after all. The impression I had is that at some point the situation is similar to when meeting girls: of course you have to be prepared and know your stuff, but your attitude and self-confidence are a huge part of the deal. If you know what you’re talking about and are confident about it, they are gonna notice that (as girls do 😉 ).

I am aware this was another good opportunity to see how the real thing works before finding myself in a similar scenario in the future, and I got to introduce myself in front all of them, though my guess is by now, they have already forgotten about my name or what I do…

Another thing which got my attention is the average profile of the businessman in the room. It was a 50 something year old white man. No young people at all and just a single woman. A single woman out of 30 people! that is only about 3%. Well, being completely fair, there was the secretary too, but I don’t think she counts 😉 and by the way, as you can expect, she was indeed young and great looking.


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