Ethelo Decisions, the company behind Ethelo, a groundbreaking new business intelligence platform that helps organizations harness the wisdom of groups to make better decisions, won two of the five Investor Choice Awards at the 36th Vancouver Angel Forum on October 28.
Ethelo’s achievements include:
- “Best Technology” Award sponsored by Bawtree Software
- “Most Likely to go Public” Award sponsored by the TSX Venture Exchange
Ethelo was selected by over 70 Angel Investors who attended the Angel Forum as the best out of the 18 companies that presented. The presenting companies were shortlisted from 53 original applicants.
During his 10 minute presentation, Ethelo CEO John Richardson showed how the platform could be used by a group of Angel investors to pool their funds and collaborate on their investment strategy. A similar Ethelo “Startup Fund” demo can be found here.
The Ethelo presentation took a lively turn during the Q&A period when a local investor, Ed Levinson, asked Richardson if Ethelo could be reconfigured quickly enough to be used by the Angels to evaluate the companies presenting at the event. Richardson said yes, Levinson asked how much that would cost, Richardson replied, “$1000,” and Levinson said, “Done!”
The Ethelo platform was quickly configured with the names of the 18 competing companies, and the voting URL was publicized to all the investors. Over the next 24 hours, 20 investors logged in to participate, and the Ethelo engine dynamically shortlisted the results. By the end, the Ethelo platform successfully predicted 4 of the 5 award winning companies.
This success at the Investor Choice Awards marks Ethelo’s second major recognition — the company was also recently named as one of the Top 15 of 135 technology companies that participated in the BCIC New Ventures Competition.