Philadelphia, PA, Nov. 04, 2015 (GLOBE NEWSWIRE) -- Keiretsu Forum Mid-Atlantic’s 3rd Angel Capital Expo took place on Wednesday October 28, 2015 and was heavily attended by angel investors from the Mid-Atlantic region, the West Coast and Canada. Twelve emerging growth companies presented their pitches to the attendees to garner investment from the active angel investors in the audience.
The Keiretsu Forum Mid-Atlantic Region (K4-MA) – with chapters in Philadelphia, Washington, DC, Pittsburgh, and New York, a part of the global Keiretsu Forum angel network strives to foster collaboration among early stage companies, angel groups and the larger investment community.
The Angel Capital Expo took place on Wednesday, October 28, 2015, from 7:30am – 6:30pm at Drexel University in Philadelphia, PA. The Angel Capital Expo (ACE) was initiated in San Francisco as the signature event of Keiretsu Forum, (K4).
Keiretsu Forum members made an investment of $100,000 in Tassl, the company that was voted the most favored company at the event. Tassl is a Camden, NJ based software and mobile application company that enhances the utilization of alumni networks and communities by promoting information, connectivity and engagement.
The top early stage company received $50,000 in investment and services - $25,000 of investment from Howard Lubert and Vince Leusner, the co-founders of Keiretsu Forum Mid Atlantic, and $12,500 of taxation services from Drucker & Scaccetti, a Philadelphia based tax consultancy, as well as $12,500 of intellectual property legal consulting services from Baker Hostetler’s Philadelphia office.
Attendees of the Angel Capital Expo will included approximately 150 accredited angel investors from the Mid-Atlantic Region and elsewhere in K4’s global network of 1500+ investors, accredited investors from other area angel groups, independent angel investors, VCs, and family wealth management professionals.
The featured presenters at the Angel Capital Expo included 12 early stage companies in Internet-SaaS-cloud technology, healthcare-life sciences-medical devices, consumer products, cleantech/energy solutions, software-security-telecommunications technologies, and real estate.
There will also be six early-stage “Fast Pitch” presenters from various K4-MA partner technology transfer offices, college and university business plan/idea competitions, and local seed-stage programs.
“Keiretsu Forum investors have regular access to a small number of quality investment opportunities” Lubert said. “The Angel Capital Expo will provide access to a dozen investment opportunities that have been vetted by a trusted source, opportunities to invest across diverse sectors, and entrée to other investors with comparable interests.”
One of the nation’s leading law firms, BakerHostetler helps clients around the world to address their most complex and critical business and regulatory issues. With five core national practice groups – business, employment, intellectual property, litigation, and tax – the firm has more than 900 lawyers located in 14 offices coast to coast. Recognized for its role as court-appointed counsel to the Securities Investor Protection Act (SIPA) Trustee in the recovery of billions of dollars in principal lost in the Ponzi scheme perpetrated by Bernard L. Madoff, BakerHostetler is widely regarded as having one of the country’s top 10 tax practices, a nationally recognized litigation practice, data privacy practice, and an industry-leading business practice. For more information, visit www.bakerlaw.com.
About Drucker & Scaccetti
Drucker & Scaccetti (D&S) is a Philadelphia-based tax consulting firm, celebrating 25 years in business. D&S has more than 50 professionals (primarily CPAs and attorneys) providing tax, business and financial consulting services specifically tailored to each client. Their tax services include complex individual and business return preparation, multi-state, international and local tax issues, planning, controversy and tax fraud.
Their signature Tax As A Business Strategy® approach helps clients sustain and grow their wealth. Follow D&S at www.taxwarriors.com and on Twitter @taxwarriors.
About Keiretsu Forum
Keiretsu Forum is a global angel investor network with more than 1500 accredited investor members throughout 39 chapters on four continents. Keiretsu Forum Mid-Atlantic (http://www.KeiretsuForum-MidAtlantic.com) consists of four chapters that function as a single entity – Philadelphia, Washington, DC, Pittsburgh and New York. Keiretsu is a Japanese term for a group of organizations with interlocking business relationships, and Keiretsu Forum is a group of accredited investors with interlocking investment interests. Each chapter or region meets monthly to present rigorously screened candidates for investments. Keiretsu Forum’s mission is “Great Association with Quality Deal Flow.”
The Mid-Atlantic Region presents approximately five deals a month, 60 a year, to its members and accredited investor guests. Slightly more than 10 percent get funded, which is higher than the industry average. Approximately 36 funding applications are submitted each month to the K4-MA DealRoom website, www.K4-DealRoom.com and vetted by industry specialists. About 10 are then vetted by members at monthly screening meetings where they participate in a highly structured presentation-and-feedback-learning session. Three to four of the screened companies are then invited to present at subsequent monthly Forum meetings. Entrepreneurs invited to move forward to the Forum meetings must participate in mandatory professional coaching sessions to optimize the delivery of their presentations and also agree to participate in the road show to all four cities in the region, with exposure to approximately100 investors. Subsequently, information about their companies is posted on the organization’s online global deal room for reference by all 1500+ members. For global information visit: http://www.KeiretsuForum.com.
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Source: Keiretsu Forum Mid Atlantic