A woman owned startup in Oregon has taken home the $250,000 first price in the Angel Oregon competition for her startup Chez Gourmet. Chez Gourmet is still considered in the startup stage despite the fact that founder Marie Osmuson first founded the company in 2006.
Osumuson created Chez Gourmet after a friend of hers, who is a well known local real estate agent, Barbara Durrett, sampled one of Osmuson’s veggie burgers at a family birthday party. Durrett encouraged Osmuson to try and sell her veggie burgers in local stores. Durrett also set Osmuson up with a food industry friend who agreed that the burgers were definitely good enough to sell. Durrett and Osmuson became business partners and their burgers started catching on.
Fast Forward to 2012 and Chez Gourmet has just taken home the top prize for the Angel Oregon competition. Chez Gourmet is expected t clear $2M in revenue this year and is on track to grow to $12M in revenue by 2015. Chez Gourmet was one of five companies to present yesterday at the Angel Oregon event held at Portland’s Governor Hotel.
A startup that makes social network analytics software called, Tellagence came in second place winning $94,000. The Portland Business Journal reports that this competition has been around since 2003. The 46 companies that have participated in the competition have generated $121 million in revenue and employ 741 people. They’ve also raised $81 million in venture capital and angel investment.
Here’s the linkage:
To find out more about Chez Gourmet visit their site here
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Source: Business Journal