Assure presents What's Going on in Venture with Richard Sudek. Richard is the Founder of Angel Network Syndication, a group of over 25 angel investing groups around the country who collaborate on sharing quality deals to help fill out funding rounds and to make syndication easier and faster without compromising on important steps.
"I believe that entrepreneurship is pursuing the American dream. And many entrepreneurs who have had a liquidity event have become Angels, and it’s a way of giving back and helping those entrepreneurs. And I believe that we should be looking forward and thinking about what's the next thing we can do as Angels. And I think that syndication has been one of those things that we have struggled with as an industry or as you know, as a group. … I think that if we want to get better deal flow, we should syndicate. I think if we want to help more entrepreneurs, we should syndicate. I think if we want to protect our deals as far as getting money for the next round, so they're in a better position, we should syndicate."
ASN is a group of over 25 angel investing groups around the country who collaborate on sharing quality deals to help fill out funding rounds and to make syndication easier and faster without compromising on important steps. ASN membership is open to all qualified groups in the US who are accredited by the Angel Capital Association (ACA).
Richard Sudek, Ph.D. is UCI’s Chief Innovation Officer and Executive Director of UCI Applied Innovation.
Sudek earned a Ph.D. in management and master’s degrees in business administration and organizational behavior at Claremont Graduate University. His research focuses on the angel investment decision process, examining how and why angel investors choose their investments.
Sudek received a B.S. in Information and Computer Sciences from UCI in 1981. He founded Nadek Computer Systems, a data networking design business and served as its CEO for 17 years. In 1999, he sold the company to Science Applications International Corporation (SAIC), an international firm and was a vice president at SAIC before pursuing his academic career.
Universities and businesses throughout the world have benefited from Sudek’s expertise in entrepreneurial finance, strategy, and leadership, as well as angel investing, executive coaching and business partnerships. He has served as an advisor to several MBA programs, served as a reviewer for the National Science Foundation, and has judged business plan competitions in the U.S. and Europe. He has taught entrepreneurship at Chapman University, INSEAD in France, the Rotterdam School of Management in the Netherlands, U.C. at Irvine, and the Peter F. Drucker & Masatoshi Ito Graduate School of Management at Claremont Graduate University. He also has served on advisory committees for Microsoft, IBM, and Cisco.
Sudek has been an active angel investor through direct investment and angel funds since 2000. He has served on the Angel Capital Association board, a national trade group, and is Chairman Emeritus of Tech Coast Angels (TCA), the largest angel organization in the U.S. investing $255+ million in over 465 startup companies. In addition, these companies have attracted over $1.8 billion in follow on investments. He is also a member of Golden Seeds (the largest angel group in the U.S. focused on women-led startups), which has invested over $135M in approximately 200 companies. Sudek has screened over 1,000 startup companies, and currently sits on the TCA Board of Governors, as well as an advisor to venture funds, academic centers, engineering, and high-tech firms.