XCOR, Flying Car Co. to Pitch at Space Angels Forum

March 30, 2009
Plug and Play Tech Center, Sunnyvale, CA

Presenting companies include:

  • Alaka’i Technologies of Hopkinton, MA
  • AVX Aircraft Company of Ft. Worth, TX
  • Terrafugia of Woburn, MA
  • Virtual Space Entertainment of San Anselmo, CA
  • XCor Aerospace of Mojave, CA

XCOR Aerospace is building its Lynx high altitude space tourism vehicle.

Remember those flying cars we were promised back in the 50’s. Well, Terrafugia has just built one – the Transition. You drive it to an airport, unfold the wings, take off and then do the reverse at another airport. It’s very cool.

Alaka’i Technologies does engine aircraft trend monitoring, flight data systems and systems engineering.

Virtual Space Entertainment seems to be some type of virtual world system. The text on its home page is so small that I can barely read it. For making me work so hard, I decided NOT to Google it for more info. Vindictive, you say? Yes. Petty? Absolutely. Bitter? Without a doubt. But, that will teach them not to piss off the editor of Parabolic Arc! 🙂

AVX Aircraft Company has a completely blank website. Again, no Googling on this one, either. I hope they do better pitching to investors than building a website.

The Space Angels Network provided a few more details in a press release:

“We are very pleased to bring such a diverse group of promising aerospace ventures to the Silicon Valley investor community,” said Guillermo Söhnlein, founder and managing director of Space Angels Network. “This Forum builds on the momentum of our previous two investor events—Long Beach in September and Washington, DC, in January—as we continue creating a national investor network for seed- and early-stage aerospace ventures.”

The company also announced that one of its members, Brian Hall, will make a brief presentation. Mr. Hall is the founder of Airship Ventures, a Moffett Field-based business that flies the Eureka Zeppelin NT airship around the San Francisco Bay Area for daily sightseeing flights, advertising operations, corporate and event occasions, and scientific missions.

The event is scheduled to be the second of four “deal screenings” organized this year across the U.S. by Space Angels Network for the benefit of its investor members. Attendance is limited to the presenting entrepreneurs and individuals qualifying as “accredited investors” as defined by the Securities and Exchange Commission.

The purpose of the program is to help investors meet and screen potential investment opportunities by providing them with pre-screened materials about each venture, briefings by the entrepreneurs, an Entrepreneur Showcase, investment process support from the Space Angels Network staff and online platform, and a collaborative session where investors will benefit from each other’s experiences to further refine their investment due diligence.

The Aerospace Venture Forum is being organized in partnership with Plug and Play Tech Center, which operates incubator facilities in Sunnyvale, Palo Alto, and Redwood City. Together, the facilities comprise a community of over 200 technology startup companies in the areas of Web 2.0, software (SaaS), systems, semiconductor and telecomm verticals. Since its inception in January 2006, the Center has helped startups raise in excess of $400 million in venture funding and create a cumulative value of $2 billion.

More information about Space Angels Network and the Aerospace Venture Forum can be found at www.spaceangelsnetwork.com/ventureforums.php.