Posted by: paragon | December 20, 2006

Bob Welch CEO of Coast Ventures, LLC

Coast Ventures consults to the CEOs of emerging companies in “positioning our clients strategically and tactically so that they may achieve profitable growth and shareholder liquidity”. Coast plans to establish an “Emerging Venture” Fund, which they anticipate being fully funded by 2007. Coast currently invests in early-stage emerging growth software technology companies that have a product (or hosted service) developed, and have sold their products (or services) to at least “first” customers. Their market preferences are Information Technology, Telecommunications, Cleantech, IP Based Control, Medical, and Software products or services to the Corporate Market. Their investment size varies, depending on many factors including the valuation of the company and the size of the round, and they typically invest alongside other Angel or Boutique VC investors in a Series A Preferred Round.

Photo of Bob Welch, Coast Ventures, LLC Bob Welch
CEO
Coast Ventures, LLC

Mr. Welch is CEO of Coast Ventures, LLC, a Los Gatos, CA based company that he formed in 2001 which specializes in consulting to the CEOs of emerging companies, assisting them in achieving profitable sales and shareholder liquidity. He began his working career as an Engineer at Douglas Aircraftin Huntington Beach CAand finally as part of a launch crew for the Saturn V space vehicle at Cape Kennedy, FL. Mr. Welch’s next significant entrepreneurial venture was at National Semiconductor in 1975, where as General Manager he built a new division, which ultimately grew to 70 employees and $10M in annual sales by 1979. That year he founded Zitel, which as CEO he and his team took “public” in 1983, after acquiring a $10M division of Intel. Mr. Welch built Zitel into a $30M public company with 120 employees. He retired from Zitel n 1987, but founded another startup in 1996 called Telegra which, as CEO, he and his partners built and sold to Hewlett Packard / Agilent in 1999 at a substantial return to all of the shareholders. From 1999 to 2001, Mr. Welch was the Director of Business Development for the $200M division of Agilent that acquired Telegra. He is a graduate of West Virginia University with a BSEE degree, and in 2005 was inducted in the Lane Academy of Computer Science and Engineering “in recognition of his distinguished professional career and contribution to the University”.

Representative Investments

Telegra Corporation Telegra Corporation Telegra Corporation – (IP based Facsimile Network Test Systems for the Communications Industry) – Acquired by HP/Agilent in 1999.
RedPoint Network Systems, Inc. RedPoint Network Systems, Inc. RedPoint Network Systems, Inc.- (Corporate IT Network Performance Management Software) – Acquired in 2005 by NetQos – http://www.netqos.com
MongoNet, Inc. MongoNet, Inc. MongoNet, Inc. http://www.mongonet.com (privately held provider of proprietary Fax services to the Corporate Market)
Cloud Systems, Inc. Cloud Systems, Inc. Cloud Systems, Inc. http://www.cloudsystems.com (privately held provider of IP-based software solutions for the Corporate AV Market)

Bob participated in the FundingPost event: Perfect Venture Conference
on April 5-7, 2006 in NY, Sponsored by Merrill Lynch, Morrison & Foerster, PPS for Healthcare
Learn more about upcoming FundingPost Angel and Venture Capital events.

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About FundingPost
For over five years FundingPost has worked with thousands of Angel and Venture Capital Investors. We believe that it is important to reach investors in every medium possible – both online and offline. We look forward to helping you shorten your time to capital and to introduce your company and services to the leading venture investors nationwide.
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Source: http://www.fundingpost.com/venturefund/venture-fund-profile.asp?fund=208

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