How long will it take to get funding from New York Angels?
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.
Do the York Angels syndicate deals with other angel groups?
Yes, York Angel Investors have relationships with other angel groups in Ontario and often syndicate deals when appropriate and approved by the entrepreneur.
What are the return expectations of the York Angels?
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 be.
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