Steamboat’s own Shark Tank: Contest helps fund new merino wool sleepwear line start-up | SteamboatToday.com

Steamboat’s own Shark Tank: Contest helps fund new merino wool sleepwear line start-up

Frances Hohl For Steamboat Today

Betsy Seabert of Chill Angel nailed Steamboat’s local version of “Shark Tank" with her merino wool temperature-balancing sleepwear. Seabert praised the city of Steamboat Springs for offering cash prizes to help entrepreneurs create businesses in the Yampa Valley.

STEAMBOAT SPRINGS — In August of 2014, Betsy Seabert had just buried her 30-year-old son and was starting chemo treatments in an ongoing battle with cancer. When the treatments finally ended, and she thought she couldn't be any more miserable after surviving cancer and the unexpected death of a child, fate kept piling it on.

"I was wiped out from cancer treatment, and grief on top of that. I was ready to come home, relax, rejuvenate and get my strength back," said Seabert. "Then I was prescribed an estrogen blocker. It was awful."

Hot flashes caused by the hormone hit her all the time.

"By day, you can take off and add layers, turn on a fan,” Seabert said. “But at night it robs you of sleep."

With a body temperature fluctuating constantly by 4 to 7 degrees, Seabert was a virtual zombie, operating on one to two hours of sleep a night as she fought night sweats.

Then one night, she put on her old "base wear" merino wool undershirt.

Recommended Stories For You

"I woke up in the morning and realized I actually slept better," Seacrest said.

It didn't take long for Seabert to discern that her 25-year career working in the outdoor clothing industry and her experience with merino wool might be the answer to getting good sleep.

"It's the perfect temperature-regulating fiber," explained Seabert.

But that was no secret to this former marketing executive for Steamboat-based Smartwool and Point 6 clothing companies. After all, those companies specialized in woolen-based clothing for outdoor enthusiasts, especially merino wool which helps sweating athletes maintain body heat.

But what Seabert wanted was something light and comfortable, made especially to not bind or irritate. She realized there was only one way to get it.

"Nobody was doing merino sleepwear, and I decided to launch this Chill Angel sleep line," Seabert said.

Luckily for Seabert, Colorado Mountain College Steamboat Springs hosts an annual business plan competition. By the time Seabert's idea was fleshed out, the contest was offering up cash prizes to two companies that showed the best business plans for a new product.

The CMC Yampa Valley Entrepreneurship Center contest rules got Seabert to focus intently on her business plan.

Kemp Bohlen, a retired Hewlett-Packard executive, was one of the judges.

"She did a fantastic job of bringing it all together and presenting it exceptionally well," Bohlen said. "She went and constructed some test clothing pieces and tried them out on people. She did a lot of homework."

Bohlen sent sleepwear home with people who would wear their own nightgowns for several days and then switch to Chill Angel nightwear. The testers would then have to fill out questionnaires on their sleep patterns.

"People who tried it were so grateful and noticed an immediate difference. A couple said they didn't want to go back to their own sleepwear," said Seabert. "If I can help bring someone a better night sleep, that's a major gift."

Winning this year's Entrepreneurship Center's first place prize of $10,000 has gone a long way to help Seabert get her company going.

"We don't have a requirement for what the money is used for," said Randy Rudasics, manager at the Yampa Valley Entrepreneurship Center. "But marketing, trade shows and websites have been a common use for the money."

Indeed, Seabert has ramped up her marketing and will be taking her product to the annual Outdoor Retailer conference this January. And she already has her spring line of sleepwear for purchase at two local retailers — the Shoe Chalet in downtown Steamboat and Ann Duckel's spa, Glow on Acre Lane. Her website is also up and running for Christmas orders at chillangel.com.

Seabert hopes to get her line of sleepwear into high-end boutiques, spas, and of course, outdoor stores across the country and is currently looking for sales reps.

Manufacturing in the United States was also important to Seabert.

"The quality has been amazing. We found a factory in California that is familiar with merino wool. It's tricky to sew and design," she said.

To see Chill Angel's current line of sleepwear visit chillangel.com.

A feature story on the contest’s second-place winner, GamLokR, will publish Tuesday.

Quick look at Yampa Valley Entrepreneurship Center Community’s annual business plan competition

Calls for business plans usually goes out in spring and are due by early Fall. Free business plan writing workshops are often offered.

Anyone in business can participate but the product cannot have been sold more than a year past.

Judging criteria is well-defined based on similar contests at Loyola University in Chicago. Current contest guidelines can be found at http://www.coloradomtn.edu/yvec

All plans must revolve around business ideas that will be started in Routt County and require start-up capital to proceed.

Plans are judged on 40 percent written presentation, 45 percent oral presentation and 15 percent financial viability.

Judges are volunteers, often former business executives who help mentor business people and entrepreneurs in the community.

Judges cannot initiate a professional relationship with business plan developers through this process to protect the integrity of the competition.

Past prizes include $10,000, $5,000 and three months free rent in office space at CMC, and an introduction to venture capital fund representatives. City of Steamboat Springs, Alpine Bank and CMC helped fund recent contests.

Advice from participants

“Participating in the business plan competition was incredibly beneficial for us. It took our plan from good to great.” — Adam Spector, GamLokR, 2017 second-place business plan winner

“There’s been more quality plans submitted each year.” — Randy Rudasics, Manager Yampa Valley Entrepreneurship Center manager

“Go to the small business center at CMC or SCORE to get help. Talk to some of the local start-ups who won previously … they’ve been through it and know what it’s about.” — Kemp Bohlen, retired Hewlett Packard executive and SCORE volunteer.

“I am very grateful for this opportunity and would love to see the program grow in the future to help nurture even more start-up companies in Routt County. This is an amazingly supportive community and incubator of new business.” — Betsy Seabert/Chill Angel 2017 first-place business plan winner

“This is a great time to look into starting a company in Steamboat. A great place to start is CMC.” — Carrie Requist, co-founder of local start-up U Grok It

 

 

 

Go back to article