New Research Confirms that TCA Venture Group Portfolio Companies with Member Board Representation Perform Dramatically Better in Returns, Exits & MOIC
The Californer/10346072

IRVINE, Calif. - Californer -- TCA Venture Group (TCA VG) recently published findings that observed when its member angels have sat on the board of a portfolio company or been a board observer, the network has realized 14 times higher MOIC (Multiple on Invested Capital) compared to companies without board representation. In addition, 55% of companies with a TCA VG member on board realized an exit, compared to only 32% without. Other angel networks have found similar results with members on company boards: Central Texas Angels Network is cited with a seven times higher return for companies where there is board representation.

Further, the IRR (Internal Rate of Return) for companies with a TCA VG board member was 43%, compared to -1% for those without a board member.

The reason for the dramatic increase in success is that angels bring experience to mentor, guide and grow inexperienced teams or entrepreneurs as these companies evolve over time. A strong, experienced board can help navigate these more complex challenges and pitfalls.

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This information was gathered as part of a report published by the Angel Capital Association (ACA),  authored by John Harbison, Chair Emeritus of TCA VG and Data Analytics Committee Chair for ACA; Ron Weissman, Band of Angels, ACA Board Member, and Immediate Past Chair of ACA; and Kaison Giles, Cowtown Angels member and ACA Data Analytics Committee Member.

Harbison said, "This is compelling evidence of the Value-Add the TCA Venture Group brings to its portfolio companies. Beyond the significant dollars invested, it is the experience and expertise of our members who serve as Board Members and advisors that is the discriminating factor leading TCA VG to earn 5.4x MOIC overall on all its outcomes, and 14 times higher MOIC on the companies where our members have served as Board Members or Observers."

Harbison presented the report's findings at ACA's annual summit in Denver in April.

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To learn more about membership or apply for funding with TCA VG, visit www.tcaventuregroup.com.

About TCA Venture Group
Founded as Tech Coast Angels in 1997, TCA Venture Group (TCA VG) has invested approximately $315 million in 596 companies, attracting an additional $3 billion in capital. Since 2019, TCA VG has invested $6-21 million in funding each year, with $9 million invested in 2025. The return on all outcomes since the organization's inception has been 5.4x with an IRR of 22%. TCA VG is a key seed and early-stage funding source, with about 300 accredited investors in five member networks: TCA-Los Angeles, TCA-Orange County, TCA-Inland Empire, Pasadena Angels, and 1752vc accelerator. TCA VG members, including founders and business leaders, deliver more than capital — providing early stage companies with counsel, mentorship, and access to extensive networks.