At York Angels, we follow a 5-step process of vetting an opportunity for investment. From beginning to end the process can take anywhere from 2–5 months, depending on when you enter our cycles and how prepared you are.
If you have reviewed our investment criteria and believe you have an investment opportunity our
members should consider, you can begin the application process HERE (link to application form. We receive applications on a rolling basis throughout the year and do not have submission deadlines. Once your application is received, our team of industry experts will review your application and determine if you are deemed to be a good fit for York Angel Investors. We may also contact you for a brief phone interview, as well.
If we feel there is a synergy, your company will be invited to present at a screening meeting to a subset of our membership. We generally hold two (2) screening meetings per month. Your screening
meeting last 40 minutes and is an opportunity for you to present your opportunity and get into a more in – depth discussion on the key issues affecting the future success of your business.
You may bring key team members to the screening meeting. If you were introduced, or sponsored by a member of York Angels, we recommend that you have that individual attend the screening.
If approved by the screening committee, your company will be invited to pitch to our full membership at one of our monthly investment meetings. You will be contacted by one of our Due Diligence Analysts prior to the investment meeting to begin preparing a due diligence folder.
At the investment meeting, you will be allotted 10 minutes to pitch, followed by 15 minutes of Q&A by all our members. If required, you may be able to bring key team members to the investment meeting. If you were introduced, or sponsored by a member of York Angels, we recommend that you have that individual attend the investment meeting.
After you have completed your presentation and Q&A at the investment meeting, our members will
have a chance to discuss your investment opportunity. If interest is expressed, we will proceed with due diligence. We assign a Due Diligence Lead and Due Diligence Analyst to each opportunity. During due diligence, our team will verify the statements made in your business plan, presentation, and financial projections.
They will thoroughly research your team’s background and track record, and will often conduct calls
with customers and vendors. An initial discussion of valuation and terms will happen early in due diligence to make sure the two parties are within working distance of each other and that due diligence can proceed. We will also schedule at least one meeting where our interested members may also ask deeper questions. If you play an active role in facilitating this process, then it will help to expedite a final investment decision.
Term Sheet Negotiation and Funding
After successful completion of the due diligence process, our Due Diligence Lead will identify our
interested angel group members. We will then work with you on finalizing the term sheet for presentation to our investors. That term sheet will define the structure of the proposed investment
deal, including type of equity, investor rights and board of directors’ representation. When all parties are satisfied with the terms and language contained in the term sheet, the term sheet is executed and full documentation is processed reflecting the terms therein. Funds are then transferred.
Closing the transaction 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.