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FAQs
FAQs
How do I get funding for our startup?
Pasadena Angels evaluates companies in monthly funding cycles. When applying, please specify deal terms and upload financial projections and other documents you consider relevant for your startup.
How many companies has Pasadena Angels funded?
Pasadena Angels has invested into 250+ companies since its inception in 2000.
Do you charge an application fee?
We do not charge the entrepreneurs an application fee, but we expect everyone to take the application process seriously by completing it thoroughly. Deal terms must be clearly specified and financial projections uploaded as part of the application.
Company location?
When Pasadena Angels was founded, we had a clear preference for startups located in Southern California. Today we invest in companies who are located and registered in the USA and Canada. We do not invest in entities that are not located in the U.S
Do you invest in companies located outside the USA?
No, we only fund companies incorporated in the USA and in Canada. In the US the company must be taxed as a C-Corporation or in the process of converting to a C-Corporation.
Do you invest in startups at the idea/business plan stage?
We mainly invest in companies who have as a minimum an MVP or a working prototype. We prefer companies who can show market traction or have positive outcomes from working pilots (pilot tests).
Do you fund startups in the pre-seed stage?
From time to time, we invest in a late pre-seed stage, but most of our investments are at the Seed or Bridge to Series A stage. We primarily invest in early go-to-market and commercialization, typically leading to a next-stage growth round.
Do you invest in a single person company?
Generally no.
Do you only fund startups in the SaaS space?
We are open to all industries, but our preference is technology companies with strong teams, promising technology, big potential markets, scalability, solid barriers to entry, and IPO prospects.
Does Pasadena Angels syndicate?
As a member of the Tech Coast Angels (TCA) network Pasadena Angels regularly syndicate deals among the six regional member groups. Pasadena Angels is also affiliated with the Angel Syndication Network (ASN) and Pegasus Accelerator.
Does Pasadena Angels syndicate with other angel groups?
PA regularly/often syndicates with our sister groups Tech Coast Angels and MEDA, including angel groups in the ASN network. This accounts for both new investments and follow-on investments.
What is the general funding application process for a startup?
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Online application via our website (mention if you have been referred by a PA member or another TCA member)
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Internal Review by members of PA
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Pre-Screen presentation
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Screening presentation
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Final round presentation at monthly company evaluation meeting in-person or via zoom
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Due Diligence
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Funding
When does Due Diligence start?
When the Company Evaluation Breakfast Meeting and In-depth Q&A Session have concluded our members will indicate their level of interest in your company. If a core group of members are interested in moving forward, Pasadena Angels will schedule a DD meeting with you and the interested members. Prior to the DD call you will receive a detailed questionnaire, a request for materials and reference that must be completed and submitted ahead of time.
How long does it take to receive investment?
Following the final round presentations and continuing with the Due Diligence process it will take 1-2 months to close a deal, except for syndicate deals which often take a bit longer.
How much does Pasadena Angels invest in a startup company?
Every startup is different, and each one attracts different investors. Pasadena Angels invests generally $100K up to $1M. which includes participation from our internal fund. When a minimum of four individual members invests $100K or above, The PA fund may add an additional $100K to the deal.
Do you sign NDAs?
It is our policy to not sign NDAs (non-disclosure agreements) or confidentiality agreements since we receive many applications and business plans each month. The members of Pasadena Angels will keep the confidentiality of all information received and treat it with the highest respect.
As a start-up can I apply for funding more than once?
We often recommend companies to reapply when they have achieved certain milestones following their initial application for funding.
How many members are there in the Pasadena Angels?
PA is made up of 100+ successful business leaders from a variety of industries.