Entrepreneurial small businesses are major engines of job growth and key players in the commercialization of new technologies. However, most entrepreneurial ventures fail to achieve their goals. Among the most common reasons for such business failures are the inability to execute sound business plans and to access capital funding, particularly at critical early stages of a company's development. Affiliated as Pasadena Angels, Inc., a nonprofit entity, the organization offers early-stage companies the opportunity to benefit from the knowledge of more than 100 experienced entrepreneurs, senior corporate executives, and skilled professionals from a variety of industries and venture capital affiliates. Approximately 80 companies from a broad range of industries are screened each year by Pasadena Angels members and are provided with invaluable counsel, including insights into developing business and financing strategies that are achievable and fundable. Companies also benefit from the group's feedback and the opportunity to connect with individuals who may offer more specialized expertise and advice. The organization's members provide up to $1 million in early-stage financing and seed money to emerging technology-based ventures located in Southern California. The group cooperates with other venture capital firms and angel investment groups to support companies that are raising between $1 to $5 million. Pasadena Angels members invest individually and directly, without any legal pooling of financial resources. The corporate entity, Pasadena Angels, Inc. does not invest or act as an investment agent in any manner. Pasadena Angels charges no fees and provides its services to companies which it believes have a significant potential for success and the potential to benefit from an association with the organization.Pasadena Angels is a medium finance organization with 300 employees and an annual revenue of $24.6M that is headquartered in California.
Pasadena Angels's mission statement
To eliminate student debt and provide financial products that make life better for all american families.
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Pasadena Angels is ranked #2 on the Best companies to work for in Altadena, CA list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.
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