Yesterday we presented at the Keiretsu Forum in Seattle in the morning and Bellevue in the afternoon. For those that don't know, Keiretsu is a for-profit organization of (angel) investors. Each month the screening committee at Keiretsu selects 4 companies to present at the full forum.
The presentation went great. The three other companies were also good, and I'm pretty sure that two of them will get some funding. The third one had just too many hurdles even for high-risk-tolerance investor.
The most amazing story was about Earth Class Mail, that presented a few months ago and was giving an update. Not only they raised all the money they planned to raise, but the've got oversubscribed by 3x (3 times more investors that they could accomodate) *and* they've negotiated a term sheet with two local VCs for another boatload of money.
For Sampa, everything went quite smooth. Our presentation was very polished. We've got some tough questions from the investors. Tougher than you would expect for a company trying to raise a seed round.
The results of presenting at Keiretsu will take 6-10 weeks to know, because we now have to go through their process that includes creating a due diligence committee, doing the due diligence, negotiating terms and closing.
Since we are trying to raise not a lot of money (mid-six figures), and we have about half of that "soft circled", we'll only need a few more angels to participate to close the round, and I'm very optimistic about it.
I'm the Co-founder & CTO of 
