Winner receives $205,000 Investment, 37 new Angel Investors gain hands on
SEATTLE, WA. – November 20, 2013 — The Seattle Angel Conference announced today
Booktrope (www.booktrope.com) was selected as the winner of its fourth investment competition, held in Seattle, WA, at the Impact HUB Seattle. Booktrope is a Seattle based company that has been building their web based book publishing model and technology
for two years. Their mission is to reinvent book publishing, using web-‐‑based tools for
book development, production and marketing. Booktrope will receive a $205,000 angel
award investment from the Seattle Angel Conference IV LLC .
This event’s finalist companies were selected from over 40 companies based throughout
Washington that applied to compete at the fourth Seattle Angel Conference. A rigorous
selection process (known as due diligence) was undertaken by the 37 active angel
investors to select the winning company. Thirty to Fifty hours of investigation was
performed on each finalist, amounting to over 240 hours of due diligence. Each investor
staked $5,500 to $10,000 to create the $205,000 investment award for this year’s event.
This rounds investment brings the total investment from the Seattle Angel Conference to a
remarkable $625,000 invested in the local economy and over 110 investors educated about
angel investing in just 2 years of the Seattle Angel Conference. LaserMotive, a Seattle
startup who delivers electricity via light to critical assets won a secondary deal of $55,000
from the angel investors, as “their business plan was just too good to pass up”.
“The Seattle Angel Conference is all about educating new angel investors into effectively
evaluating and supporting Washington and pacific northwest start-‐‑ups , giving new angel
investors mentoring, training and experience.,” said John Sechrest, founder of the Seattle
Angel Conference. “At the same time, we are helping promising startups improve their
The other four finalists who pitched were DiscussIO, offering simple market research,
connecting companies to panelists; Suncrest using advanced hydroponics to grow and
market local lettuce year round; graZie Mobile, providing bar and restaurant apps that
entice and incentive customer engagement and Homeschool Technical Apparel, creating
the most durable highly breathable outerwear to keep you warm and dry.
Participating companies received awards of 3 months of HR resource service from sponsor
ADP, and the winner, Booktrope received a full year, giving these startup business the
tools they need to grow from recruitment through retirement. In addition, Impact Hub
Seattle, Makerspace and SURF Incubator offered each finalist support and space for
working, meetings, or events over the next year. AterWynne, Palo Alto Software and
Edoceo also provided sponsorship.
The next Seattle Angel Conference will be held in May 2014. All Washington startups and
interested investors should inquire in January about participating in the next round of
educational events, trainings, and competition. Deadline for applications will be March 1,
About the Seattle Angel Conference
Each Seattle Angel Conference culminates a 5 month program to educate and train
accredited investors as exemplary angel investors through workshops, hands-‐‑on practice
and mentoring. The Seattle Angel Conference is an investor driven conference, connecting
new angel investors with early stage and seed businesses in the Greater Seattle Area. The
Seattle Angel Conference introduces qualified investors to the potential, process and
rewards of angel investing, and equally importantly, works to encourage, accelerate and
coach startup companies in the Seattle areas and across the Northwest. For more
information see http://www.seattleangelconference.com.
Seattle Angel Conference
c: 541 250 0844