Windsor Essex Capital Angel Network – Pitch Equation Angels

ByMaurice

Description:

In addition to a sizable financial investment, angels help entrepreneurs prepare more effective pitches, navigate the due diligence process and expand their networks through industry connections.

Comments on Funding:

Funding is between $200,000 up to $2M but may be higher if other investors are committed to fill the larger round.

Eligibility:

Applicants must be:

  • Canadian entrepreneurs and start-ups who are ready for investment;
  • seeking venture financing between $200K to $2M.

Criteria for fitting the Angel group:

  • Customer Traction: Annual revenues of at least $100K or high likelihood of closing sales to a strategic customer within three months;
  • Scalability: Use of innovative technology to scale customer and revenue growth rapidly;
  • Addressable Market Size: At least $100M annually;
  • Market Geography: Global;
  • Location: Ontario, with preference for southern Ontario;
  • Age of Company: Three years or less from date of incorporation, with exceptions for companies with a major pivot;
  • Intellectual Property: Preferably owned or assigned to company; preferably patented or patentable. IP may include trade secrets;
  • Founder Team: Complementary coverage of skill sets; open to bringing in executives to help fill skill gaps; experienced, driven, and coachable;
  • Industry Sector: All but pharmaceutics;
  • Financing Sought: Up to $2M but may be higher if other investors are committed to fill the larger round;
  • Pre-money Valuation: Generally, not greater than $5M. Justification will be required for valuation based on revenues, market position, IP;
  • Innovation: Must present clear advantages over competitors, whether in technology, products, or market approach;
  • Readiness for Due Diligence: Secure data room available with information that is standard for early stage due diligence (Due Diligence checklist available);
  • Ability to Pitch: Practiced ability to present advantages of your company at a very high level to a general university-educated audience.

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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