San Diego Angel Conference (SDAC), a three-year-old University of San Diego (USD) School of Business program, has received a record 124 applications for its 2021 fund season.
Company applicants seek a path to funding through introductions to angel investors and educational events that culminate in a one-day conference where finalists pitch for an investment estimated to be $200,000 and could be as large as $1 million.
To date, its accredited investors have invested more than $2.3 million in over 50 deals, and the 93 companies that competed in last year's conference have raised more than $22 million. The third annual San Diego Angel Conference is scheduled for March 27, 2021.
The fund is supported by more than 20 partner organizations in the startup ecosystem in San Diego. SDAC also partners with top California universities including its host University of San Diego (USD), San Diego State University (SDSU), and University of California San Diego (UCSD).
"Acquiring early-stage funding is challenging. It requires professional advice, a network capable of making introductions to investors, and knowledge. As a provider of valuation services for companies at every stage of funding, we support SDAC because it connects promising companies with angel investors, while providing a foundation of education and tools," said Vantage Point Advisors President Todd Poling.