San Diego Police Investigating Angel Investor’s Death as Homicide

San Diego police have launched a homicide investigation into the death of John G. Watson, a retired biotech executive and board member of the San Diego Tech Coast Angels, according to members of the startup investment group who were close to Watson.

Watson’s body was found in the bedroom of his La Jolla Apartment on June 8th when he failed to appear for a regular TCA board meeting and dinner event at the UC San Diego faculty club, said Steve Flaim, who is current president of the TCA’s San Diego chapter. Flaim says he notified TCA members by e-mail yesterday that Watson’s death “appeared suspicious” to San Diego police and that Watson also “was the subject of fraud and embezzlement.” Flaim says his e-mail prompted Frank Peters, a TCA member in Orange County, to report that Watson had been murdered in an item published on his website yesterday.

San Diego police have made an arrest, Flaim told me, although I was unable to confirm that with the police last night, and it isn’t clear whether the arrest is related to the fraud or murder investigation—or both.

“We’re all angry and shocked and upset that something like this could happen to one of us,” Flaim said in a phone call last night. He described Watson, who was 65, as “a happy bachelor” who had retired in La Jolla, and was active with Connect, San Diego’s nonprofit group for technology and entrepreneurship, and as an angel investor.

Two TCA members found Watson’s body on the floor of his bedroom 11 days ago, Flaim said. Watson had missed the group’s afternoon board meeting, and was expected to serve as master of ceremonies during the dinner event, which included presentations by several entrepreneurs. Watson also had failed to respond for several days before the event to e-mails from

Author: Bruce V. Bigelow

In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University. Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.