Angel Investors – The Luis Villalobos Award launched this year, 2010, to recognize the most ingenious and innovative idea recently financed by one of the member angel groups of the Angel Capital Association (ACA). The award will be presented to the CEO of the winning entrepreneurial company at ACA’s annual conference, with travel costs covered by the award organizers and local/national publicity and recognition also being an important part of the award.
The award has been made open to companies that have received funding from an ACA member group in 2008, 2009, or 2010 and that are in operation when the application is submitted. The award committee consists of member of the ACA Board of Directors and a representative of the award sponsor.
Yesterday, May 7th, 2010, the first Luis Villalobos award was awarded by ACA , to a start-up based in Seattle, WA. According to the ACA, it awarded Modumetal, a developer of nano-laminated materials, used as a replacement for stainless steel.
Luis Villalobos, my close friend and mentor who passed away in late 2009, was the founder of Tech Coast Angels (TCA). He was a true innovator in the angel investment field, he was a sought after expert and speaker in the angel investment field. He was a man who appreciated honestly, originality, ingenuity and integrity. He was an original thinker, and encouraged entrepreneurs to be think outside of the box. He not only pushed me to be the best I could possibly be, but inspired me to help others in the process. Luis was not only one of the best people and minds I had ever encountered, he was a dear friend and top notch Angel Investor.