Screening of your application A key determining factor is whether your idea could be of interest to our members. Presentation to membership Due Dilligence Term sheet negotiation Funding and Beyond
Our Screening Committee will screen your application, review your business plan and decide on 1 of the following 3 outcomes:
1) Your company will be invited to present at the forthcoming Networking Event.
2) Your company is not invited to present at the forthcoming event but your business plan will be disseminated to all members.
3) Your application will be rejected with no presentation nor business plan dissemination.
Following the successful screening process, you will deliver a 10-minute powerpoint presentation and address questions for an additional five minutes at our forthcoming event. A syndication will be formed to conduct the following phases when interest is high for presented deals. Alternatively, individual members could liaise directly with you for further dialogue.
The syndicate will verify the statements made in your business plan, presentation and financial projections. The syndicate members will research your team’s background and track record. If you play an active role in facilitating this process, it will help to expedite a final investment decision.
After successful completion of the due diligence process, the syndicate will present a term sheet that defines the structure of the investment deal - including type of equity and board of directors representation - using industry standard terms and provisions.
When all parties are satisfied with the terms and language contained in the term sheet, the deal can be executed. But remember, closing the deal is only the beginning of the angel funding process. Now you have access to a network of value-added contacts and experienced professionals who can provide essential guidance for the growth and success of your venture. Adhering to the responsibilities at this stage will enable you to get the most from your angel relationship.