Nizel Pradhan
Tech Coast Angels (TCA) today announced that David Friedman was elected chairman of the angel network’s board of governors for 2023. Sunny Singh was elected the new vice-chairman. The board of governors oversees and provides overall strategies and initiatives to TCA’s owned networks and licensees.
Mr. Friedman has been a member of Tech Coast Angels for more than 13 years, as vice-chairman of the board of governors in 2021 and 2022, and previously in roles as president and screening chair for TCA Orange County. He has been a deal lead for many of TCA’s investments, and serves as a senior consultant at OCTANE’s Launchpad. Mr. Friedman is a former tech executive with a passion for building businesses, particularly through innovation.
“Entrepreneurs want to find capital which can help their companies grow, but they also want experienced advisors,” said Mr. Friedman. “TCA has dry capital through its funds, and its members co-invest alongside those funds. We find the best deals, with a best practice due diligence process and support from our accredited investors. This enables startups to find a path forward when seeking future capital raises.”
Dr. Singh was previously president of TCA Los Angeles, and is an entrepreneur, executive and technologist. He has operated and exited two businesses and is currently managing partner at Alleyway Capital, which acquires e-commerce software startups. He is an avid boxing and kickboxing enthusiast.
“This year is expected to be difficult for technology companies, given the macroeconomic environment,” said Dr. Singh. “Angel investors invest, even in the tough times, because they have a passion to support the startup ecosystem. TCA’s diverse network of investors will be a boon for startups in 2023.”
“David and Sunny have the right experience to carry on and leverage the growth initiative activities we started during my tenure,” said Jeff Lapin, outgoing chairman of TCA’s board of governors. “Tech Coast Angels will remain the best place for entrepreneurs to seek seed and subsequent funding rounds, and also for accredited investors to realize great returns on their investments.”
About Tech Coast Angels
Since its inception in 1997, Tech Coast Angels (TCA) has invested more than $261 million in more than 520 companies and has helped attract more than $1.7 billion in additional capital/follow-on rounds. The Tech Coast Angels network includes TCA Los Angeles, TCA Orange County, TCA Inland Empire, and licensees including Pasadena Angels and MEDA Angels. One of the largest and most active angel investor groups in the nation, TCA and its affiliate member networks include more than 400 members, and are a leading source of funding for seed-stage and early-stage companies. TCA members are founders and business leaders, all of whom are accredited investors with extensive knowledge in the investment process and world-class business practices. That real-world experience allows TCA members to provide companies with benefits beyond capital: counsel, mentoring, and access to an extensive network of investors and other resources. http://www.techcoastangels.com
