Annual Report 2017 (Tech Coast Angels)

Summary

• Tech Coast Angels invested $14.2 million across 43 companies in 2017.p.2
• Life Sciences was the largest sector, accounting for 50% of new companies added to the portfolio.p.4
• TCA had 5 exits in 2017, bringing total exits since 1997 to 70.p.3
• The average investment in new portfolio companies rose to $388,000 in 2017 from $291,000 in 2016.p.5
• New investments outside Southern California represented 28% of total new investments in 2017.p.8
• Convertible Debt represented 60% of deals in 2017.p.11

Key insights

1. Life Sciences was the largest overall sector and represented 50% of new companies added in 2017.p.4
2. TCA completed five exits in 2017, including two acquisitions, one buyout, and two public listings.p.3
3. An equal investment across TCA's portfolio since 1997 would have yielded a return of 312%.p.3
4. Buy It Installed and Neural Analytics were TCA's largest deals in 2017, each receiving over $2 million.p.6
5. The Angel Syndication Network expanded to include over 40 prominent angel groups representing over 1,500 angels.p.7
6. Outside Southern California deals reached 28% of new investments in 2017, supported by syndication through ASN.p.8
7. Companies valued below $6 million represented 69% of TCA's investments in 2017.p.12
8. New company investments accounted for 57% of total funds invested in 2017, down from 62% in 2016.p.13