TCA Venture Group Los Angeles Membership Application

Largest angel investment group covering Los Angeles and #SiliconBeach. Angels come join us. #Startups send us your pitches! #TCALA

Los Angeles, CA, USA

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Application

Interview

Background

Committee Vote

Acceptance

Teaser

Description

Why become a member? You might think it’s to make money, but for many of us it’s a way to give back to the community, to help build successful companies and to participate in the satisfaction that comes from this involvement. And we hope to make money, too. Membership in the TCA Venture Group is by invitation and is extended to individuals who share our vision and will actively contribute to our process.

TCA Venture Group operates throughout Southern California and organized into four regional networks. Los Angeles, Orange County, Pasadena, and the Inland Empire. Review the information below and apply to become a member!

Eligibility

Each member is:

An accredited investor
Proven and has a track record managing and building successful companies either as an entrepreneur or operating executive
Experienced in angel investing, leading due diligence, structuring investments, and coaching entrepreneurs
Knowledgeable and brings an extensive peer network of domain expertise
Connected with contacts for subsequent funding, talent and technology
Involved and dedicating significant time and effort to TCA VG activities, including attendance at dinner meetings and screening sessions, mentoring entrepreneurs and serving on TCA VG committees
Expect to invest in at least two TCA VG startups each year. The Tech Coast Angels look for investment opportunities where new capital and mentoring will take companies to the next level. TCA VG intends to materially increase company valuations to result in future capital rounds at increased values and ultimately an attractive exit of our investment.

Process

How To Join

Feel free to attend one of our meetings (or virtual meetings) to see if TCA Venture Group if right for you. You will want to attend a meeting in your area. To inquire about the schedule of meetings, send us an email at [email protected]. Then fill in the online membership application. Once we get your application, we will arrange an interview with our membership committee. You’ll interview us as well and we’re eager to answer any questions.

What an Applicant can Obtain

Network Affiliation

Each member is affiliated with the network that covers his or her office or residence. Our members collaborate extensively within and across networks. They are welcome and encouraged to attend any TCA VG meeting or activity. While deals are processed by the group, TCA VG members invest as individuals. All members have an opportunity to participate in any member-led investment.

A Group Effort

As a group, TCA VG members have typically invested in 10-20 new deals per year and an equal number of follow-on rounds. Individual members are expected to invest an average of $50,000 per year, typically two investments of $25,000. While the amount invested by TCA VG members can vary widely according to economic and market conditions, total investment on new and follow-on deals by TCA VG members in any given year have averaged $8-9 million annually.

A Private Website

TCA VG members have access to a private website with restricted access which ties networks, members and deal information together. The website contains all deal, member and TCA VG event information. The event calendar has event information on private TCA VG events public events that would be of interest to TCA VG members Members can also use the website to email other members and RSVP to TCA VG events. Members interested in a particular deal or topic may elect to receive notices as it pertains to that deal or topic.

Getting Involved

Members develop by getting involved in due diligence teams, mentoring companies and serve on volunteer committees that run the TCA VG. It is critical that they contribute their domain expertise and general experience to evaluation of potential transactions. The TCA VG has administrative staff that is available to the membership and entrepreneurs that are seeking funding.

ROMAC

TCA VG has formal Rules of Membership and Conduct (ROMAC), which must be executed before becoming a member. The ROMAC covers rules that are designed to support a businesslike organization. For instance, members are prohibited from receiving any consideration for sourcing deals. Members may not solicit other TCA VG members for non-TCA VG deals and are not allowed to use the website for personal announcements not related to TCA VG. However, members who serve as mentors to a venture that is deemed not ready for TCA VG are permitted to receive founders’ shares for services rendered, subject to some restrictions. A Board of Governors (BOG) oversees the activities of TCA VG as a whole, and the individual networks are administered either a Board of Directors or Executive Committee headed by a President, who is automatically a BOG member.