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By Gretchen Macchiarella, Ventura County Star, Calif. Knight Ridder/Tribune Business News
Feb. 9--Three things are necessary for startup companies: innovation, people and capital.
"What we have been wealthy in is the people and what we have been short on is the capital," said Gary Clark, co-founder of the new Tech Coast Angels Westlake Village/Santa Barbara Network.
Clark, a private investor who lives in Thousand Oaks, said it's important to be close to the companies to track their progress.
The Tech Coast Angels, an investor group in Southern California, started the 30-person network in the region and became official Jan. 1. The …