EV Connect said it raised an initial round of financing from 37 Technology Ventures, Jackrel Ventures, Tech Coast Angels, Maverick Angels, Keiretsu Forum and individual investors. The integrator of electric vehicle charging stations offered no additional detail on the financing.Continue
Atlas Powered, LLC. said it raised $700,000 in initial funding in a deal led by the Tech Coast Angels and joined by Maverick Angels, Pasadena Angels and others.Continue
The Southern California angel group will announce an alliance with Intesa Sao Paolo, Italy’s largest bank, and is starting a new angel network based in Milan, peHUB has learned.
Maverick president John Dilts, who founded Maverick three years ago after leaving the Keiretsu Forum, said Maverick has been looking for ways to partner with large corporations that want faster access to startups, and the alliance with the bank should help. A lot of corporate venture arms got burned in the tech bubble and pulled back on investing in startups, he said, and now they’ve fallen behind.Continue
Jason Calacanis’s blog post Friday attacking angel investor groups who charge entrepreneurs to pitch their startups continues to generate Tweets, comments and blog posts, many from outraged entrepreneurs.
VC Fred Wilson of Union Square Ventures also weighed in for Jason, warning entrepreneurs to avoid not only angel groups that charge but also “startup agents that charge entrepreneurs upfront cash to make intros to potential investors…A basic rule of thumb for fundraising agents is that they must work on a success fee basis or you should not use them.”
However, representatives from two more of the groups Calacanis attacked by name — Maverick Angels and the Keiretsu Forum — called over the weekend to defend their practices.Continue