IRVINE, Calif., Sept. 13, 2011 /PRNewswire via COMTEX/ -- Tech Coast Angels (TCA), the nation's largest angel investment network, today announced the formation of the Angel Syndication Network (ASN), an affiliation of angel investment groups across the U.S. that have banded together to provide entrepreneurs with more and larger financing rounds before leaving the angel system.
According to Richard Sudek, chairman of the TCA Syndication Committee, "ASN is a dynamic new opportunity for entrepreneurs. Previously, start-up companies might go to a single angel group to receive their initial financing, but when they required additional funds, they had to go through the same due diligence at other angel networks. Or they had to try to make the leap to venture capital, sometimes before they were ready. Now, these companies can start up with any of our ASN partners and have access to the funds and support of the other groups when they need it. They can take any on-ramp and access the same freeway."
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