Each local organization has a Web site that explains its application requirements and investment orientation. Of course, presenting to any single organization does not prevent entrepreneurs from soliciting other angel organizations, too.
Here are a few:
PSVC is approaching its 22nd year as a veteran funding resource for fast-growth, high-tech and low-tech businesses. Some especially astute PSVC members were early investors in Starbucks and Costco. Entrepreneurs pay a $150 application fee for executive summary review and coaching. Select entrepreneurs then present to club members at monthly luncheon meetings, which are held either in Seattle or Bellevue.
The Alliance of Angels is another well-established Pacific Northwest angel organization. Entrepreneurs can apply to present to the alliance for an affordable $95 application fee through its Web site. A screening committee will review the application and executive summary and select presenters for upcoming member meetings. The alliance also provides coaching services for select companies and several worthwhile entrepreneurial education events that are open to the public.
Zino offers a slightly different membership experience to high net-worth investors. The organization combines upscale social events that are oriented to wine enthusiasts with opportunities to learn about up and coming local companies. Zino offers about 40 events each year plus prepresentation coaching services to entrepreneurs. Zino's application fee is $150. Entrepreneurs who are selected to present at Roundtable meetings pay $1,500, while entrepreneurs who present at Zip meetings pay $650. Zino founder Cathi Hatch says the pricing difference reflects the longer presentation time given to entrepreneurs at Roundtable meetings.
Keiretsu is a network of 16 chapters that are mostly located along the West Coast. Each month Keiretsu conducts deal screening and coaching meetings. Companies selected by the screening committee to present to Keiretsu members commit to present to all four local chapters (Bellevue, Seattle, Boise and Portland), often within one week, for a total fee of $6,000. Many Keiretsu presenters also pursue additional capital and contacts from Keiretsu's California chapters.
Seraph Capital, the first all-women's angel organization in the U.S., holds about five luncheon meetings a year for entrepreneur presentations. As with other local angel organizations, applicants are screened and coached by a selection committee. Select entrepreneurs pay $150 to present to Seraph's angel members.
Local entrepreneurs also can check out the Tacoma Angel Network, Bellingham Angels, Portland Angel Network, Boise Angel Alliance and the Northwest Entrepreneur Network's upcoming Early Stage Investment Forum.
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