Annual Report 2016 (Tech Coast Angels)

Summary

• Life sciences was the largest sector by capital invested, accounting for 35% of total dollars ($14.1 million), followed by Internet/Apps at 20% and Financial at 16%.p.2
• Early-stage deals dominated the portfolio in 2016, with seed rounds accounting for 52% of investments and 60% of companies already generating revenue.p.9
• Investment in new companies reached 62% of total capital deployed in 2016, up from 35% in 2015 and 41% in 2014.p.10

Key insights

1. 1. Tech Coast Angels deployed $14.1 million into 55 companies across tech and non-tech sectors in 2016.p.2
2. 2. Realized exits since 1997 indicate a portfolio return of 333% of the initial investment, compared to an average of 250% for other angel groups.p.3
3. 3. The two largest individual deals funded in 2016 were Movocash and Echo Laboratories, both receiving over $1 million from TCA.p.6
4. 4. The Angel Syndication Network was launched across 25+ angel groups to streamline deal sharing and syndicated funding rounds.p.7
5. 5. A joint Harvard Business School and MIT study found angel-funded firms are 20% - 25% more likely to survive at least four years.p.8
6. 6. By stage of round, Seed represented 52% of investments, Series A represented 20%, and Bridge represented 19%.p.9
7. 7. The proportion of investment allocated to new companies rose to 62% in 2016, reflecting an active early-stage pipeline.p.10