Many of us might like the idea of talking to an angel, but for startup entrepreneurs looking for some seed funding, it’s a more hard-and-fast type of aspiration.
Many of us might like the idea of talking to an angel, but for startup entrepreneurs looking for some seed funding, it’s a more hard-and-fast type of aspiration.
That’s “angel” as in angel investor, a philanthropic funder that is willing to take a risk on a young company and usually provide some mentorship along the way. In Canada, there’s been a recent hike in angel investor actvity thanks in part to government programs that match dollars invested by those early funders. Organizations in Canada such as the National Angel Capital Organization (NACO) are also helping to focus fundraising in what used to be a more ad-hoc system.
There were 134 angel investments made in 2011, a jump up from 90 made in 2010. The value of deals made in 2011 was $82.4 million, more than double the previous year’s haul. For Canadian startups that want a piece of that growing source of funds, take heed of this infographic from 4imprint. Based on its own research into what angel investors look for when awarding seed funding, it is based on U.S. statistics, but the take-away lessons apply for Canada too.
Angel Investor Basics from 4imprint.com.
Entrepreneurs will also want to explore the Angel Investment Network page that originally shared this infographic. The blog is chalk full of other helpful tips and statistics on the fundraising scene.