May 17th, 2017 – Seattle Angel Conference XI
The Seattle Angel Conference is a recurring Seattle Angel event where in each round the investors create an LLC, engage in due diligence of the applying startup companies, then ultimately pool funds to invest in one or more of the six presenting finalists.
Episode 1 – Intros and Alumni Updates
John explains the goals of the angel fund and how this conference brings angel investors and entrepreneurs together, connects them to resources, and helps build their portfolios.
SAC Emcee, Bob Crimmins of Startup Haven, tells us how many new angel investors and businesses have participated over the years before he introduces Richard von Hagel, the SAC XI LLC Manager. Richard provides some disclaimers about the conference and public involvement then invites SAC Alumni to share a brief progress report.
Dema Poppa of Invio, winner of SAC X, explains how they are making advancements in their industry and have a new adviser.
James Day of Suncrest USA, Inc., alumni from SAC II, tells us how they are now an operational company and getting noticed on a national level.
Episode 2 – Keynote Speaker: Gillian Muessig
Bob Crimmins, the emcee of the tenth Seattle Angel Conference introduces the Keynote Speaker, Gillian Muessig; the Co-founder of MOZ, COO of BrettApproved, CEO of Outlines Venture Group, and the Founder and Host of CEO Podcast.
Gillian begins her talk with quotes and statistics by reputable resources that explain why one should not start a business as the failure rates are high and leads to depression then eventually burnout.
Gillian references other CEO’s quotes about how difficult it is to run a business, especially for a woman, as only 2.1% of the capital from venture capital companies went to businesses founded by women in 2016.
However, Gillian goes on to deftly navigate through contradictory data that supports there are successes among startups and what makes them exceptional.
Episode 3 – HALO Report: Susan Preston
Susan explains the HALO Report is and how data was collected to track the trends in angel investing. She then explains the latest statistics for angel investors and shows how Seattle fits in with the national average.
Episode 4 – MetaArcade Presentation
David Reid, the CEO of MetaArcade, shares how his business built a platform to enable anyone who can write a story to create and publish their own narrative game that can be played on mobile devices and computers without any technical skills required; for free.
David also explains how their business is a low cost, high margin, massively scale-able content platform that works for any intellectual property.
Mahesh Jonnala, the Due Diligence team leader, reports on their findings of how MetaArcade expects to grow and gain traction in their budding market and gets more clarification on their potential customers.
Episode 5 – SafKan Ear Care Presentation
Sahil Diwan, the Co-founder and CEO of SafKan Ear Care, explains how they are close to manufacturing the first automated and wearable cerumen removal device for clinical use that will save time and cut labor costs for physicians on their current ear wax removal procedure.
Sahil explains how SafKan will go from doing trials to nationwide distribution and already has physicians signed up for their BETA program.
Swetha Kirpalani, the Due Diligence team leader, reports on how they discovered a lot about FDA regulations, the patent process, and manufacturing costs of the SafKan medical device product.
Episode 6 – Cross Connection Control Presentation
Jeremiah Church, the Co-founder of C3Backflow, explains the process of protecting our drinking water and keeping it safe with proper backflow systems.
Jeremiah shares how C3Backflow plans to earn revenue in a 3 billion dollar market that is drowning in paperwork by providing a paperless SaaS solution that increases efficiency and cuts labor costs.
Sam Hurkadli, the Due Diligence team member, shares their discoveries of the backflow market and how Jeremiah’s C3Backflow team is poised to bring their product to market.
Episode 7 – Signl.fm Presentation
Kim Hansen, The CEO and Co-founder of Signl.fm, shares how her team has created a social media interface for podcasts by taking a time-shifted media and turning it into an easily shareable experience with their transcription player and how Signl.fm is preparing to launch their product.
Stephen Hord, the Due Diligence team leader, shares their discoveries on how the talented Signl.fm team has an early opportunity to capture an emerging podcast industry.
Episode 8 – Strive Presentation
Nikola Mrvaljevic, of Strive, explains how they produce smart clothing that tracks, measures and correlates key fatigue indicators that helps athletes and military personnel perform better. Nikola shows how Strive plans to capture a portion of a 15 billion dollar market with its high-end wearables and data analytics.
Episode 9 – BridgeCare Finance Presentation
Audra Jung, the Co-founder and COO of BridgeCare Finance, shares how they are the first consumer lending platform for childcare. Audra describes who their early adopters are, and explains how both parties benefit in the short and long term.
Audra tells us about the opportunities BridgeCare Finance has within their 35 billion dollar market and how they are ramping up for rapid growth and built to sustain it.
Allen Neiman, the Due Diligence team leader, reports on how BridgeCare Finance is handeling the legal aspects of getting licensed in different states and how they expect to support possible financial assumptions. Allen also talks about the feedback they got from experts on raising debt capital and inquires about the state of the team.
Jamee Herbert, the CEO of BridgeCare Finance, reponds and explains how they have recently added a Chief Technical Officer to their team and began development of their product.
Episode 10 – Flying Fish Announcement
Bob Crimmins, the emcee of the eleventh Seattle Angel Conference, introduces Geoff Harris, one of three Co-founders of Flying Fish Venture Partners, the newest venture capital fund in Seattle.
Geoff tells us how he got hooked on investing, why his firm believes that the next several billion dollar companies will be built in Seattle, and that they may have already started.
He shows how Seattle has a long history of innovation and has been the entrepreneurial home of businesses built to last and references some of the recent successes.
Geoff explains how Seattle ranks with other cities in Series A deals and how local venture capitalist firms should be investing. He then goes into detail about the positive indicators he sees over the next five years and shares how his firm plans to work with the community.
Episode 11 – Fireside Chat: Geoff Harris & Beth Kolko
Geoff Harris, the Co-founder of Flying Fish Venture Partners, has a candid conversation with Beth Kolko, the CEO of Shift Labs, about her experiences with starting her business and going through the process of raising funds for it.
Beth explains how she created a new business model for her medical device company and needed an environment to support the risks involved. Geoff talks about the role startup accelerators and incubators play and Beth shares what she learned from her participation in some of them.
Geoff and Beth field questions from the audience and Beth is asked to clarify what she loves about creating a startup and if her business assumptions have changed. They both respond to a query about the differences in startup evaluations between Seattle and the Valley and share their perspectives on the issue.
Episode 12 – Awards and Closing Remarks
John Sechrest, the event organizer of the eleventh Seattle Angel Conference, brings out a large check and shares how the deliberation went; he also gives information on how to get involved in the next Seattle Angel Conference, SAC XII.
Bob also announces BridgeCare Finance as the winner of the Audience Choice Award and then invites Richard von Hagel, the SAC XI LLC Manager, to award the winner of SAC XI with a symbolic check of $145 thousand dollars.
SafKan Ear Care is declared the winner of the symbolic check and the Co-founder, Sahil Diwan, shares how grateful he is for the Seattle Angel Conference due diligence process and how it has helped all of the companies that participated.
John Sechrest congratulates the presenters and reminds them that this is just the beginning and that they all have champions supporting them now. He also introduces the next SAC LLC Manager, Jay Beavers and urges everyone to get involved in angel investing and to help keep the cycle going.
The Seattle Angel Conference is a recurring Seattle Angel-driven event where the investors create an LLC, engage in due diligence of the applying startup companies, and ultimately pool funds to invest in one of the presenting finalists.
For more information visit: Seattle Angel Conference.