Looking for business financing? Georgian Angel Network

Georgian Angel Network is a not-for-profit organization comprised of individual member-investors, as well as having strategic partnerships with both public and private sector organizations/businesses. GAN, is continually looking for opportunities which meet the group’s investment criteria (refer below). GAN website is www.georgianangelnet.ca , where there is additional information for both investors  & entrepreneurs.

The ENTREPRENEURS tab on the website was written to assist entrepreneurs “pre-qualify” their businesses as potential investment candidates for the GAN - the following investment criteria are the most relevant:

· Amount: $150k minimum (we will consider smaller investments for certain opportunities), and up to $500k of equity per transaction;

· Owners/management: must be “sophisticated”, and have experience in their domain or as a serial entrepreneur. A solid business plan is a must (including well-conceived financials), also including strong understanding of competitive landscape & go-to-market strategy;

· There should be a reasonable amount of cash equity already invested in the business from founders/family/friends (as the first source of equity capital), not just “sweat equity” which is treated as a given for any entrepreneur;

· Governance: should have a reasonably strong advisory board;

· “disruptive” technology, either an innovation based on an existing technology, or an entirely new product/technology ;

· Use of Proceeds: proceeds will be used to achieve determinable milestones;

· Customers must be well-defined & the addressable market potentially large;

· Stage: proven technology - preferably at the late-beta stage, or preferably already with revenue (demonstrating traction with customers); the market must be well-defined & the addressable market reasonably large. Sustainable competitive advantage & defensible product/technology, either by patented IP, joint venture relationship or strategic alliance;

· Return: equity return of 5x cash-on-cash in a 3 year exit scenario, or 8-10x cash-on-cash in a 5 year exit scenario (an identifiable exit is implicit in the investment opportunity).

ContactSandy Robertson

MANAGING DIRECTOR
(705) 441-4058 (mobile)
(705) 443-8576 (office)
Collingwood, ON
sandy@georgianangelnet.ca