Maybe you've already done an angel round and now you're looking for VC money. So how is it different pitching to VCs versus angels? Joe's a long term member of the Pasadena Angels; he's on the board and he's recently joined a venture capital firm in New Zealand. What kind of a year are the Pasadena Angels having in 2009? Joe Platnick knows. And how did their conversion to Angelsoft go?

Shameless Self-Promotion Alert]…The last program of the day is the annual Pasadena Angels program on the state of Angel and Venture Capital in Southern California. Tags: Fundraising General Ben Kuo Joe Platnick LA County Tech Week Pasadena Angels SocalTECH.com On Thursday (10/22) this week, join us for a full day of worthwhile events in Altadena at Tech Week . The morning’s session features a Cleantech program , moderated by Ben Kuo of SocalTECH.com .

Seeing last week’s Venture Capital Dispatch in the online Wall Street Journal, When Venture Capitalists Let One Slip Away , reminded me of Jim Armstrong’s (Clearstone Venture Partners) comment last year about false negatives. “You If you think VCs and Angels have had some of the biggest investment oversights, here are some of the bigger and more amusing ones from outside the VC community: “We 8220;You can afford to have a false positive; you can afford to invest in things and fail, but because the big ones are so rare, you cannot afford a false negative. You cannot afford

Bob is a Director and long-time member of the Pasadena Angels, has been investing in early stage companies for 5 years, and has been held numerous “C” level positions at private and publicly traded companies. If the company is going to need more capital than Angels can supply, that’s ok.  There are plenty of examples of Pasadena Angel companies that Following on the heals of last week’s post from Andrea Belz, we have another guest blogger, Bob Aholt. Bob also teaches graduate level finance courses at Antioch University.   By Bob Aholt

Pasadena-based LeisureLink , which operates an online marketplace and service for vacation rental booking, has raised $3.5M LeisureLink has previously raised funding from Clearstone Venture Partners, Group RCI, Kodiak Ventures LP, Mission Ventures, Pasadena Angels and the Tech Coast Angels. Tags: leisurelink vacation rental travel venture capita in a funding round. The round came to light through last week's PricewaterhouseCoopers/NVCA MoneyTree report.

Pasadena-based MyShape , the personalized fashion retailer run by Louise Wannier, has raised $10.5M No details on the funding have yet been announced by the company, which is backed by Draper Fisher Jurvetson, Lehman Brothers Venture Partners, the Pasadena Angels, and the Tech Coast Angels. Tags: myshape fashion ecommerce venture capita in a new round of equity funding, according to a regulatory filing by the firm Wednesday. The filing says the fundraising is part of a nearly $12.1M

Los Angeles-based XCast Labs is announcing this morning that it has raised $2.7M According to XCast, the funding includes an investment by Siemer and Associates, as well as Frontera Capital and the Pasadena Angels. Tags: capital venture telecom voip labs xcas in a Series A funding round, for the firm's voice-over-IP services. XCast said that its voice-over-IP services will be "fully interoperable" with the popular VoIP software Skype, and will also provide features such as enhanced voicemail, international calling, PBX support, and other services.

Los Angeles-based XCast Labs is announcing this morning that it has raised $2.4M According to XCast, the funding includes an investment by Siemer and Associates, as well as Frontera Capital and the Pasadena Angels. Tags: xcast labs voip telecom venture capita in a Series A funding round, for the firm's voice-over-IP services. XCast said that its voice-over-IP services will be "fully interoperable" with the popular VoIP software Skype, and will also provide features such as enhanced voicemail, international calling, PBX support, and other services.

Pasadena-based MyShape has raised $12M in a round of venture capital, the company's CEO, Louise Wannier, confirmed Monday after reports that the firm had closed a round of funding, but said the round was still in progress. The funding came from Lehman Brothers Venture Partners and also included prior lead Draper Fisher Jurvetson, along with local angel groups the Pasadena Angels and the Tech Coast Angels. MyShape runs an online apparel store which is targeted on matching women with clothing that best fits them. Wannier said the round remains open, as

Numira has previously raised funding from the Pasadena Angels, Tech Coast Angels and vSpring Capital. Paul DeRidder, of Crystal Cove Capital and a member of the TCA, sits on the board, as does Dinesh Patel of vSpring. ...Tags: Tags: numira biosciences tech coast angels venture capital contract research lifescienc Irvine-based Numira Biosciences , a contract research organization focused on high resolution imaging, has raised $3.2M in a funding round, according to a recent regulatory filing by the firm.