Seattle Angel Conference

Sparking the flame of Angel Investing in the Pacific Northwest

Join us at the Conference Demo Day - May 13th

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Mission

Seattle Angel Conference creates stronger startups and more effective Angel Investors with a "Learning by Doing" approach.

More Angel Investors

About 10% of our community are "Accredited" by Federal law, however, most don't invest. The Angel Conference provides a "learning by doing" pathway for doing the first Angel Investment.

To be "Accredited", you need a net worth over $1M or you need an annual income over $200K. Many in our tech community are accredited, but don't know it.

By having more Angel Investors, we are able to accelerate the early stage startups that drive the next economy.

Better Angel Investors

By working together as a group, we learn about habits and techniques that make Angel Investors more effective. With a research-based process, we help new Angels explore Company Selection, Due Diligence, and Porfolio Construction.

For the vast majority of Accredited Investors, group based investing is an effect approach to this asset class.

Stronger Startups

Every participating startup gets a review of their company and the opportunity for feedback. As Angel Investors ask harder and harder questions, the company materials and narrative becomes more robust. In addition, companies get introduced to dozens and dozens of active Angel Investors. Finding a investor champion among these investors is a great win for participating companies.

Testimonials

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“I love working with such a diverse and talented group of people. We make better decisions together."
Alex Alviar
SAC Investor
"I have been participating in the Seattle Angel Conference since SAC VII and I always learn something new, advance my investing thesis, get introductions to many new local start-ups, diversify my portfolio and meet new Angel colleagues..and have a fun time doing it!  If you are interested in learning more about Angel Investing, come check out SAC and if you are an entrepreneur seeking funding, we are interested in hearing more about your startup!"
Elaine Werffeli
SAC Investor
"Investing through Seattle Angel Conference was one of the better decisions of my life.  As a prospective entrepreneur coming from an engineering background, the investment world perplexed me.  I didn't understand company valuations or market potentials and this hampered my ability to succeed in my own startups.  I threw myself into SAC, due diligence, and fund management and after participating in three investment rounds, I've gone from absolutely mystified to just slightly incompetent in the financial side of startups and investing.  Thumbs up, would do again!"

Jay Beavers
SAC Investor

SAC Frequently Asked Questions

How does the Angel Conference Work? 

The Angel Conference program is a structured investment. It starts with a series of workshops to gather new investors and new startups. It then goes into an "American Idol" style selection phase with startup pitches, company visits, Q+A from the investors. We aim for 50+ applying companies with 30-40 investors. We try to have a balance of 50/50 between new investors and previous investors. The Investors each put up $5500 to create the fund between $150K and $200K. After the 6 finalists are selected, the investors split up into due diligence teams that explore all the aspects of the companies. At a big demo-day event, we hear pitches and then select a winner which then gets an investment from the fund.

How many times a year does it run?

The Angel Conference in Seattle runs twice a year. Typically with application deadlines at the end of August and February, with the final events in November and May respectively. Other communities that have Angel Conferences often run them only once a year.

Can I become an Angel Investor?

An Angel Investor is someone who invests their own money into an un-registered startup. This is allowed through an SEC exemption for "Accredited Investors" in Reg D 506(b). To be Accredited, you need to have an Income of $200K or $300K with your spouse , or you need to have a networth of more than $1M (not including house).

To be a "good" Angel Investor, you need to understand about the structure of companies, how the team works, how the financials are being managed and many of the details of the business. You need to also understand how a portfolio of 20+ companies can be created that makes up for the risk associated with early companies that are just starting out.

A good place to start is to read the book by David Rose called "Angel Investing"

If you are not "Accredited" (yet), then you might look at Equity Crowdfunding as a pathway.

What kinds of companies do you look for?

The Angel Conference looks for companies that are very early. However, we want them to be more than just an idea. We want to see evidence that the team can work together on a business and that the market cares about the result. This traction for the team often looks like revenue and growth in revenue.

The Angel Conference has no sector bias, so it is not just tech companies that come through. However, they need to be growth companies that have a pathway to making a significant change in valuation and a pathway to paying back the investment.

What terms do you invest with?

Becuase the types of companies are so very different, the terms are different as well. We are looking at early companies that have typically not taken outside investment before. If the company is solid, has good growth in revenue and has a round less than $1M, it is likely we will find a priced round. We like simple agreements like the https://www.seriesseed.com/ agreement. About half of the time, we use a simple convertable note agreement. We are not particularly fond of any of the SAFE agreements.

Can the public watch the final event?

Yes. We want the community to understand how Angel Investing works. Both for those who are Accreditted to evaluate engaging in the asset class, and for startups that are considering taking outside money to understand how the process works. The final event is done in public.