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Entrepreneur FAQ's

Depending on complexity, from start to finish it can take anywhere from 2 to 4 months to get funding. The goal is to complete due diligence as quickly as possible while undergoing a thorough review of the business. The entrepreneur can expedite due diligence by having the information available ahead of time, making yourself and your team available for meetings, and by being proactive in driving the process. At the conclusion of due diligence, it is important that the entrepreneur and investors are both comfortable with each other and can have a productive partnership.

Yes, York Angel Investors have relationships with other angel groups in Ontario and often syndicate deals when appropriate and approved by the entrepreneur.

We seek at least a 10X return on our money within 5 years. As a result, you should evaluate your business along the same guidelines to ensure that we are aligned with what is realistic and what potential exit strategies may

 

INvester FAQ'S

An accredited investor is:

  • An individual with a net worth of minimum $1 million

  • A director, executive officer, or general partner of the company selling the securities

  • A business in which all the equity owners are accredited investors

  • A charitable organization, corporation or partnership with assets exceeding $5 million

  • A bank, insurance company, registered investment company, business development company, or small business investment company

  • A trust with assets of at least $5 million, not formed to acquire the securities offered, and whose purchases are directed by a sophisticated person

  • An individual with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year

     

For more information, please see the Ontario Securities Commission’s Rule 45-802.

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