IRVINE, Calif. Feb. 28, 2011 Tech Coast Angels (TCA) Mike Napoli $6 million
"While TCA is a great organization for investors," said Napoli, "we make it that way by being focused on the entrepreneurs. Our goal is to make TCA the most inviting and attractive place for entrepreneurs to bring their game-changing ideas and plans for support. TCA provides not only investment capital, but also in-depth mentoring and assistance that can make the difference between success and failure for a new startup."
Napoli further explained that TCA has made a number of changes recently designed to further streamline the application and screening process for new companies seeking funding. "In the past we screened companies regionally, but we now immediately bring them before industry specific panels made up of domain experts that can quickly and clearly grasp the potential of their new venture. There are six industry panels made up of members from all of the TCA regional networks. This procedure, combined with more efficient application processing and other changes, speeds up the process, and gets companies in front of investors more quickly. Entrepreneurs are responding. We had over one hundred more applications in 2010 than we had in 2009."
The industry panels are clean technology/industrial, consumer products and services, digital media, hardware and software technologies, and life sciences and healthcare. Napoli is currently the founder and chairman of the Absolute Return Group, an advisor to institutional investors and money managers. He was previously the president and chief investment officer of Wilshire Associate’s Funds Management Division and Hedge Funds Group. He is currently involved with numerous business organizations including The Alliance for the Commercialization of Technology (ACT) and the Coachella Valley Angel Network. Napoli is also the Executive Director of Performing Arts LIVE.
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SOURCE Tech Coast Angels