Seattle Angel Launches Seattle Angel Fund

By: PRLog
New investment fund centered in Seattle will invest in all industry sectors across the Pacific Northwest.
PRLog - Sep. 17, 2014 - SEATTLE -- Seattle Angel, the group operating the Seattle Angel Conference, announces the launch of a new angel fund focused on investments in Pacific Northwest start-up companies, beginning in January 2015. The Seattle Angel Fund aims to drive economic growth and prosperity in Seattle and throughout the Pacific Northwest by creating growth opportunities for investors and businesses. The Seattle Angel Fund is a follow-on to the three year old, highly successful Seattle Angel Conference, begun in 2012, to train new angel investors and bring more funding into the Pacific Northwest start-up ecosystem. The organizers at Seattle Angel estimate there are more than 60,000 people qualified to angel invest in the Seattle area alone, yet fewer than 500 are actually investing in local start-ups.

Susan Preston, General Partner for the CalCEF Clean Energy Angel Fund, the Buerk Endowed Fellow for Entrepreneurship at the University of Washington, and a Trustee for the Angel Resource Institute, will be the Seattle Angel Fund’s professional manager, bringing a wealth of early stage investment experience.

Based in Seattle, the Seattle Angel Fund is committed to the Pacific Northwest’s entrepreneurial ecosystem. The Fund is an annual fund, and will typically invest in five to seven launch stage companies per year across all industry sectors. Investment decisions will be based upon due diligence and selection of portfolio companies by the investors themselves, rather than by the fund manager. The Fund is inspired by the highly successful Oregon Angel Fund, which has been successful in growing the startup economy of Oregon and Southwest Washington, and which is at least partly responsible for the collaborative nature of Portland’s community of investors, entrepreneurs and advisors. Investors in the Seattle Angel Fund must be accredited investors. The funded companies can be from anywhere in the Pacific Northwest. Early sponsors of the Fund include the law firm, Ater Wynne, LLP.

“Seattle Angel is committed to growing the start-up ecosystem in the Pacific Northwest. Educating and supporting investors and entrepreneurs within the ecosystem is Seattle Angel’s mission and the new Seattle Angel Fund, with a high caliber manager like Susan Preston, will further that mission,” Said Josh Maher, President of Seattle Angel.

“I am thrilled being chosen as manager for the Seattle Angel Fund. I have spent the last 15 years being heavily engaged in advancing angel investing and entrepreneurship,” comments Susan, “The opportunity is enormous to help support growth of angel investing and entrepreneurship in the Pacific Northwest.”

“The Seattle Angel Conference has a unique niche in the Seattle start-up ecosystem, as we are focused on bringing new investors into the system. The Seattle Angel Fund, based on the Oregon Angel Fund model, will broaden reach and opportunity for investing through a fund, with a manager that helps in the process along the way.” said John Sechrest, founder of the Seattle Angel Conference.

About Seattle Angel:

Seattle Angel is a volunteer-led non-profit organization focused on growing the angel community in the Pacific Northwest. In pursuit of this objective, Seattle Angel works with new angel investors, seasoned angel investors, and startup entrepreneurs to strengthen startup education, relationships, and funding opportunities.

For more information about Seattle Angel visit http://www.SeattleAngel.com

About the Seattle Angel Fund:

The Seattle Angel Fund aims to drive economic growth and prosperity in Seattle, and throughout the Pacific Northwest, including Washington, Oregon, Idaho, Montana and Alaska, by creating growth opportunities for investors and businesses. The Fund is an annual, investor-driven fund, and will typically invest in five to seven in launch stage companies across all industry sectors.

For more information about Seattle Angel Fund visit http://www.seattleangelfund.net

About the Seattle Angel Conference:

The Seattle Angel Conference is a volunteer-led, 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 area, and across the Northwest. Seattle Angel Conference has invested more than a million dollars in seven startups in the past three years.

For more information about the Seattle Angel Conference visit http://www.SeattleAngelConference.com

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