Alliance of Angels tallied high investment totals in 2008 |
Register here for our next TechFlash Live networking event, March 23, featuring an expert panel discussing the future of online advertising.
Alliance of Angels tallied high investment totals in 2008
Despite the struggles in the economy in the latter half of 2008, members of the Alliance of Angels still invested near record totals last year. The Seattle angel group said today that its members invested $6.4 million last year, a 64 percent increase over 2007 and the second highest investment total since the organization was founded 11 years ago.
The group backed 36 companies, including 19 new deals. It also saw five positive exits: CleverSet, The Coffee Equipment Company, Insitu, Shelfari and SnapIn.
“Angels continue to support and invest in seed stage startups," said Alliance of Angels Chairman Dan Rosen. "The sophisticated AoA investors have been conserving capital with an eye toward follow-on rounds and, at the same time, the lower company valuations we have been seeing have encouraged angels to put more money to work in new opportunities.”
I have an email into the AoA to see if what happened to their investment totals in the fourth quarter after the economy went into the tank.
About John Cook
John Cook is co-founder and executive editor of TechFlash. He has been covering the technology beat for nearly a decade, writing about startups, entrepreneurs and venture capital, most recently serving as a reporter/blogger at the Seattle Post-Intelligencer.
READ FULL BIOGRAPHYRecent Sponsor Posts
Seattle University Software Engineering
Chinwe Okeke (MSE’08) pursued her graduate degree while working as a developer and technical analyst for the Boeing Company. She picked the SU-MSE program for small class sizes and real world learning opportunities offered through the academic service-learning and capstone projects.
The MSE program at Seattle University is geared for working professionals with classes offered in the evenings. The program builds upon the computing experience of its students and offers courses in a variety of technical and management areas of software engineering, with an emphasis on teamwork and a disciplined approach to problem solving.
Marchex is one of Seattle’s largest ad technology companies with 300+ employees providing call and click based performance marketing products, and managing over $100m in ad budget for tens of thousands of advertisers. Our customers range from local businesses to the Fortune 500.
Our talented and creative product engineering group is hiring.
If you are an innovative software design engineer interested in solving difficult problems at scale, across a wide array of technologies from Lucene to Hadoop to Asterisk and SIP then we’d love to hear from you!
Apply now.
Technology Tax Planning – Did You Take The Deduction?
Technology companies require professional advisors who can assist in all aspects of the business. The BDO Technology Practice provides a full range of services tailored to help address the changing needs of domestic and international companies. In addition to core audit and tax services, BDO professionals can assist technology companies with:
· Revenue recognition
· Business combination accounting
· R&D tax credits
· Compensation and benefits
· Business valuations
Backed by 38 national offices and an international network in 110 countries, we have the domestic and global footprint to serve growing technology companies. Contact sphilpott@bdo.com (audit partner), mreeves@bdo.com (audit partner), psmith@bdo.com (tax partner), tzambito@bdovaluation.us.com (valuation), tfiscus@bdo.com, Director, 206.624.2020
Job Listings
- LEAD SDET, Mobile Device Strategy and Commercialization - 705105
- Microsoft Corporation
- Sr. SDE - 712257
- Microsoft Corporation
- Principal SDE - Software Development Engineer - External - 704722
- Microsoft Corporation
- Software Development Engineer - Display Advertising
- Business Services Company
- Principal IT / OPS Program Mgr - 711209
- Microsoft Corporation
