Criteria of early stage investors.
For Angel Forum process and Investors: please read this.
For Present/Exhibit details read this.
For Company Registration click here and
Company Profile here
Reasons why companies are
not selected and postponed until next Angel Forum.
-- Unclear what
stage the product/service is at: a concept? or half built? or fully
operational? in beta tests? or some sales? or sales of $1+ million?
-- Unclear as to
the uniqueness of the product/service and the value proposition and payback period to the buyer.
-- Lack of detail
or answers to all of the issues asked on the Company Profile form.
-- Lack of detail
on valuation calculations and valuations that were too high coupled with small
percent of ownership offered. Who are the top shareholders at what percent?
-- Attendance at
a preparation workshop such as Investor Ready,
would have benefited many newer entrepreneurs.
-- No specific
information on management's expertise and experience in the specific industry
-- Not clear how
big the market need is for the company to grow to a significant size and have a
leadership market share.
-- No info on
what the clear sustainable competitive advantage is and/or what is the barrier
to entry by competitors and who the competitors are.
-- With volatile
public equity markets, it is critical that your valuation be within range of
investor expectations. Too high and they may not bother talking to you. The
average pre-money valuation of pre-revenue companies that actually were
funded by US & Canadian angel groups in 2014 and 2013 was $3
million. Private equity investors may prefer a near perfect Pre-Revenue
company to be valued less than $3 million and Revenue companies to be
valued at around 3x trailing revenue.
Co-Investment / Syndication software: To facilitate co-investment by multiple investors, we
are using a co-investment / syndication software called GUST to
automate entrepreneur funding requests, deal management, and investor
collaboration. Data is protected in a state-of-the-art network operations
center and industrial grade encryption.
Selection: Your Company Profile Application can not be reviewed until we
have your Company Profile, your Investor PowerPoint presentation and your
paid registration. We will not follow up to remind you. All applicants are
notified of their selection or deferral by email at least one week before the
New Log-in: This is likely your first time using GUST, so do
NOT use the UserID and Password from firstname.lastname@example.org that
you received before or during your registration payment.
Instead using the link just below, you will be
asked to sign-up and create a username (your email address) and password (you
select). Please note that password field is case sensitive, so be careful if
you use capital letters. You will then be able to fill out the
standardized Entrepreneur Application Form. Please fill the application out completely.
You may stop at any time and save your work, and come back through our website
to finish at a later date.
Once your sign-up is submitted, several things happen
will receive confirmation email that will contain a download link where you can
later access your Application Form.
private and secure “deal room” will be created. You can use the software to
access this deal room. The deal room is the collaboration center between you
and our investment group. You will be able to store deal related documents,
exchange messages, create events, and see which investors are interested in
one-page PDF that contains all the application information will be generated.
You will be able to preview this PDF during the application process and save it
to your computer at anytime.
link here to submit and later amend your company
profile on GUST.
Save your work: If you have to temporarily leave your browser
page or before logging out or closing your browser, please use the "save draft" button at the
bottom of the Profile to save your work. Auto save kicks in every
five minutes and saves the entire application. The "save draft"
button is there just in case you want to save manually (without
submitting) at any other point in the process. Both of these features
display a confirmation once the save is successfully completed. For security
reasons, you will be automatically logged out after 60 minutes. You can always
log back in to update and amend at any time. Please note that we can not see
Submit your Application: For
us to see your company profile and related documents, please use the
Application button as we can not see your draft.
Company Profile limit: There is a 3,500
character limit (approx 1 page), so do not copy and
paste large amounts of text onto the Profile as this will lock-up your
Profile. We suggest reducing the text to 5 or 6 lines of text before
pasting. Each text field displays the number of characters used as
you type as well as the maximum characters allowed.
Additional Information: To submit your required Investor
Presentation and other optional documents, go to the bottom of the Company
Profile page where you can upload these documents. These files in
our system will be over-written if you return later and upload a
new version of the file. When your Company Profile is published to Registered
Investors, they will be able to access these files also.
Publication: For Companies selected to present, your
Company Profile can be amended up to 10 days before the
Angel Forum date, but then it will be printed and combined into a Company
Profile book that will be handed to all investors on the Forum day.
Subsequent Angel Forums: Companies not selected to
present will be able to amend their Company
Profile pages using the same User Id and Password, but will have to
re-register to be considered for selection.
Problems? please email us.