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Angel investors: How to find them | BDC.ca

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src="data:image/png;base64,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" 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imageblock col-12"> <figure class="img-block-container "> <a data-taxon-component="image" data-taxon-image-title="Futurpreneur" data-taxon-image-contentid="88482" data-taxon-image-display="default" data-taxon-parent="true" target="_blank" href="https://www.futurpreneur.ca/en/bdc-web-referral/?utm_source=BDC&utm_medium=referral&utm_campaign=BDC%20Web%20Referral&ref=leftbox"> <picture data-taxon-component="image" data-taxon-image-title="Futurpreneur" data-taxon-image-contentid="88482" data-taxon-image-display="default"> <source srcset="/globalassets/digizuite/25360-bdc-futurpreneur-website-en_263x219.jpg?v=4a7bf1"> <img class=" " title="Lauching a business? We can help." alt="Lauching a business? We can help." src="/globalassets/digizuite/25360-bdc-futurpreneur-website-en_263x219.jpg?v=4a7bf1"> </picture> </a> </figure></div></div> </div> </div> <div class="main-content-area col-12 col-lg-9"> <h1> How to find angel investors in Canada </h1> <div class="header_subtitle"> A guide to who they are and how to seek out their invaluable support </div> <p class="c-neutral-alternate-light">9-minute read</p> <div class="share-this"> <span>Share</span> <a data-taxon-component=sharethis_facebook data-taxon-sharethis_facebook-title=angel-investors-how-find-them data-taxon-sharethis_facebook-contentid=7908 data-taxon-sharethis_facebook-display=top href="https://www.facebook.com/sharer.php?u=https://www.bdc.ca/en/articles-tools/start-buy-business/start-business/angel-investors-how-find-them&amp;locale=en_CA" target="_blank" title="Facebook" onclick="javascript:window.open(this.href, '', 'facebook-sharedialog,menubar=no,toolbar=no,resizable=yes,scrollbars=yes,height=500,width=700');return false"> <svg class="c-facebook svg-icon--md" alt="Facebook"> <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="/globalassets/digizuite/31813-sprite.svg?v=4a7b65#facebook"></use> </svg> </a> <a data-taxon-component=sharethis_twitter data-taxon-sharethis_twitter-title=angel-investors-how-find-them data-taxon-sharethis_twitter-contentid=7908 data-taxon-sharethis_twitter-display=top href="https://twitter.com/intent/tweet?url=https://www.bdc.ca/en/articles-tools/start-buy-business/start-business/angel-investors-how-find-them&amp;text=Angel investors: How to find them&amp;via=bdc_ca&amp;lang=en" target="_blank" title="Twitter"> <svg class="c-twitter svg-icon--md" alt="Twitter"> <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="/globalassets/digizuite/31813-sprite.svg?v=4a7b65#twitter-square"></use> </svg> </a> <a data-taxon-component=sharethis_linkedin data-taxon-sharethis_linkedin-title=angel-investors-how-find-them data-taxon-sharethis_linkedin-contentid=7908 data-taxon-sharethis_linkedin-display=top href="https://www.linkedin.com/cws/share?url=https://www.bdc.ca/en/articles-tools/start-buy-business/start-business/angel-investors-how-find-them&amp;lang=en_CA" target="_blank" title="LinkedIn" onclick="javascript:window.open(this.href, '', 'menubar=no,toolbar=no,resizable=yes,scrollbars=yes,height=400,width=700');return false"> <svg class="c-linkedin svg-icon--md" alt="LinkedIn"> <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="/globalassets/digizuite/31813-sprite.svg?v=4a7b65#linkedin-square"></use> </svg> </a> </div> <div id="pageContent"> <div class="row"> <div class="block textblock col-12"> <div data-taxon-component="text" data-taxon-text-title="ctn-tb-intro" data-taxon-text-contentid="181425" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <p><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/angel-investor">Angel investors</a> are wealthy, experienced businesspeople who invest their time and money in <span class="white-space-nowrap">high-growth</span> businesses in exchange for equity. They are generally people who have amassed experience, networks and knowledge in an industry. Most are entrepreneurs themselves who&rsquo;ve been through the highs and lows of managing a business, making their advice invaluable.</p> <p>&ldquo;Ideally, you are looking for someone who is knowledgeable in your sector and has experience in working with <span class="white-space-nowrap">start-up</span> companies, because then they can be mentors and can help you in building important business connections,&rdquo; says <span class="white-space-nowrap">Robert Simon,</span> Senior Managing Partner, <a href="/en/bdc-capital">BDC Capital</a>.</p> <p>Angel investors are often the first to invest in <a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/early-stage-investing"><span class="white-space-nowrap">early-stage</span> businesses</a>, providing seed funding. That financial contribution also carries a lot of weight with future institutional investors.</p> <p>&ldquo;It&rsquo;s a vote of confidence that can help attract venture capital funding,&rdquo; says <span class="white-space-nowrap">Dominique B&eacute;langer,</span> Managing Director, Growth Venture Fund.</p> </div></div><div class="block pointtoblock col-12"> <aside class="gated-banner"> <div class="gated-banner__image-holder"> <img src="/globalassets/digizuite/32511-business-plan-template-thumbnail-md.jpg?v=4a7bfa" class="gated-banner__image" alt="woman in a sunny office working on her tablet"> </div> <div class="gated-banner__content"> <div class="gated-banner__title">Business plan template</div> <p>Prepare a professional business plan that will guide your business and increase your chances of getting financing.</p> <a href="javascript:;" class="gated-banner__button cta-primary icon-left" data-fancybox="" data-src="#BDCFormContainerBlock" data-taxon-component="button" data-taxon-button-title="shr-ptab-get-business-plan-template-banner" data-taxon-button-contentid="159234" data-taxon-button-display="default"> Download <svg> <use xmlns:xlink="http://www.w3.org/2000/xlink" xlink:href="/globalassets/digizuite/31813-sprite.svg?v=4a7b65#download"></use> </svg> </a> </div> </aside> <div id="BDCFormContainerBlock" class=" " style="display:none;" data-form-asset-name="business-plan-template" data-form-asset-type="Template" data-form-eloqua-name="Business-plan-template-progressive"> <div class="row "> <div class="block textblock col-12"> <div data-taxon-component="text" data-taxon-text-title="ctn-tb-title-form-business-plan-template" data-taxon-text-contentid="127370" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="text-center">The business plan template will be sent to you by email.</h4> </div></div><div class="block formwithcolumnsblock col-12"> <form method="post" novalidate="novalidate" data-f-metadata="" enctype="multipart/form-data" class="EPiServerForms ValidationSuccess" data-f-type="form" id="3d4e5e62-a699-407e-a036-1d8afced1009" data-f-async-submit="true"> <script type="text/javascript"> // This view acts as a rendering template to render InitScript(and server-side Form's descriptor) in FormContainerBlock's client-side for Form[3d4e5e62-a699-407e-a036-1d8afced1009]. // TECHNOTE: all serverside (paths, dynamic values) of EPiServerForms will be transfered to client side here in this section. 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Student\"},{\"fieldName\":\"__field_144494\",\"operator\":\"NotEquals\",\"fieldValue\":\"\"}]},{\"fieldName\":\"__field_130886\",\"action\":{\"displayName\":\"Shown\",\"name\":\"EPiServer.Forms.Core.Internal.Dependency.ShowAction\",\"order\":1,\"clientsideAction\":\"show\"},\"conditionCombination\":\"All\",\"conditions\":[{\"fieldName\":\"__field_144494\",\"operator\":\"NotEquals\",\"fieldValue\":\"Professor / Student\"},{\"fieldName\":\"__field_144494\",\"operator\":\"NotEquals\",\"fieldValue\":\"\"}]},{\"fieldName\":\"__field_110598\",\"action\":{\"displayName\":\"Shown\",\"name\":\"EPiServer.Forms.Core.Internal.Dependency.ShowAction\",\"order\":1,\"clientsideAction\":\"show\"},\"conditionCombination\":\"All\",\"conditions\":[{\"fieldName\":\"__field_144494\",\"operator\":\"NotEquals\",\"fieldValue\":\"Professor / Student\"},{\"fieldName\":\"__field_144494\",\"operator\":\"NotEquals\",\"fieldValue\":\"\"}]}]"), // keep all fieldName which are not satisfied the field dependency 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a valid email address.\",\"validationCssClass\":null,\"additionalAttributes\":null}}]},{\"targetElementName\":\"__field_144491\",\"targetElementId\":\"6eeb412c-adc6-415c-9721-ccc5dbf08dfa\",\"validators\":[{\"type\":\"EPiServer.Forms.Implementation.Validation.RequiredValidator\",\"description\":null,\"model\":{\"message\":\"This field is required.\",\"validationCssClass\":\"ValidationRequired\",\"additionalAttributes\":{\"required\":\"\",\"aria-required\":\"true\"}}}]},{\"targetElementName\":\"__field_144492\",\"targetElementId\":\"a2a29f84-5316-4a7e-820f-0f046c291b45\",\"validators\":[{\"type\":\"EPiServer.Forms.Implementation.Validation.RequiredValidator\",\"description\":null,\"model\":{\"message\":\"This field is required.\",\"validationCssClass\":\"ValidationRequired\",\"additionalAttributes\":{\"required\":\"\",\"aria-required\":\"true\"}}}]},{\"targetElementName\":\"__field_144493\",\"targetElementId\":\"2c399028-86c0-44dc-8356-5cc3c9ec7ed5\",\"validators\":[{\"type\":\"EPiServer.Forms.Implementation.Validation.RequiredValidator\",\"description\":null,\"model\":{\"message\":\"This field is required.\",\"validationCssClass\":\"ValidationRequired\",\"additionalAttributes\":{\"required\":\"\",\"aria-required\":\"true\"}}},{\"type\":\"EPiServer.Forms.Implementation.Validation.RegularExpressionValidator\",\"description\":null,\"model\":{\"jsPattern\":\"^(\\\\+(1)?)?(?!\\\\(?[0-1])(([ \\\\-\\\\.\\\\(\\\\)\\\\/]{1,3})?\\\\d){10}$\",\"dotNetPattern\":\"^(\\\\+(1)?)?(?!\\\\(?[0-1])(([ \\\\-\\\\.\\\\(\\\\)\\\\/]{1,3})?\\\\d){10}$\",\"message\":\"The number must contain 10 digits. International code (1 or 0) is not required.\",\"validationCssClass\":null,\"additionalAttributes\":null}}]},{\"targetElementName\":\"__field_144494\",\"targetElementId\":\"b13ede1e-cf97-4c11-9238-04c96ff989df\",\"validators\":[{\"type\":\"EPiServer.Forms.Implementation.Validation.RequiredValidator\",\"description\":null,\"model\":{\"message\":\"This field is required.\",\"validationCssClass\":\"ValidationRequired\",\"additionalAttributes\":{\"required\":\"\",\"aria-required\":\"true\"}}}]},{\"targetElementName\":\"__field_110584\",\"targetElementId\":\"ed09f8e9-4fa2-420f-aba7-148650d73a5c\",\"validators\":[{\"type\":\"EPiServer.Forms.Implementation.Validation.RequiredValidator\",\"description\":null,\"model\":{\"message\":\"This field is required.\",\"validationCssClass\":\"ValidationRequired\",\"additionalAttributes\":{\"required\":\"\",\"aria-required\":\"true\"}}}]},{\"targetElementName\":\"__field_110594\",\"targetElementId\":\"7ada04cb-bc82-4d0c-88e4-f3b6a1b21775\",\"validators\":[{\"type\":\"EPiServer.Forms.Implementation.Validation.RequiredValidator\",\"description\":null,\"model\":{\"message\":\"This field is required.\",\"validationCssClass\":\"ValidationRequired\",\"additionalAttributes\":{\"required\":\"\",\"aria-required\":\"true\"}}}]},{\"targetElementName\":\"__field_130886\",\"targetElementId\":\"0ab74fa9-5539-49bd-8d16-14e9ad495a69\",\"validators\":[{\"type\":\"EPiServer.Forms.Implementation.Validation.RequiredValidator\",\"description\":null,\"model\":{\"message\":\"This field is required.\",\"validationCssClass\":\"ValidationRequired\",\"additionalAttributes\":{\"required\":\"\",\"aria-required\":\"true\"}}}]},{\"targetElementName\":\"__field_110598\",\"targetElementId\":\"c040fb95-555e-4979-a3b0-5a5e990003e2\",\"validators\":[{\"type\":\"EPiServer.Forms.Implementation.Validation.NumericValidator\",\"description\":null,\"model\":{\"message\":\"Enter a valid number.\",\"validationCssClass\":null,\"additionalAttributes\":null}},{\"type\":\"EPiServer.Forms.Implementation.Validation.RequiredValidator\",\"description\":null,\"model\":{\"message\":\"This field is required.\",\"validationCssClass\":\"ValidationRequired\",\"additionalAttributes\":{\"required\":\"\",\"aria-required\":\"true\"}}},{\"type\":\"www.bdc.ca.Features.Forms.MinimumNumberValidator.MinimumNumberValidator\",\"description\":null,\"model\":{\"message\":\"Please enter a valid year.\",\"validationCssClass\":null,\"additionalAttributes\":{\"MinimumLength\":\"1600\"}}},{\"type\":\"EPiServer.Forms.Implementation.Validation.IntegerValidator\",\"description\":null,\"model\":{\"jsPattern\":\"^(-)?\\\\d+$\",\"dotNetPattern\":\"^(-)?\\\\d+$\",\"message\":\"Please enter a valid year.\",\"validationCssClass\":null,\"additionalAttributes\":null}},{\"type\":\"EPiServer.Forms.Implementation.Validation.PositiveIntegerValidator\",\"description\":null,\"model\":{\"jsPattern\":\"^\\\\d+$\",\"dotNetPattern\":\"^\\\\d+$\",\"message\":\"Please enter a valid year.\",\"validationCssClass\":null,\"additionalAttributes\":null}}]},{\"targetElementName\":\"__field_131012\",\"targetElementId\":\"0c446a02-2cef-4592-90e3-9d68ef3b3c78\",\"validators\":[{\"type\":\"EPiServer.Forms.Samples.Implementation.Validation.RecaptchaValidator\",\"description\":null,\"model\":{\"message\":\"Invalid reCAPTCHA value, please try again.\",\"validationCssClass\":null,\"additionalAttributes\":null}}]}]"), // Steps information for driving multiple-step Forms. StepsInfo : { Steps: [{"index":0,"attachedUrl":"","dependField":null,"dependCondition":null,"isActive":true,"attachedContentLink":"","dependValue":"","elementName":"__field_","guid":"00000000-0000-0000-0000-000000000000"}] }, FieldsExcludedInSubmissionSummary: [], ElementsInfo: JSON.parse("{\"__field_144418\":{\"type\":\"www.bdc.ca.Features.Blocks.FormDataEmailElementBlock.FormDataEmailElementBlock\",\"friendlyName\":\"emailAddressAutofillNonEditable\",\"customBinding\":false},\"__field_144491\":{\"type\":\"www.bdc.ca.Features.Blocks.FormDataTextboxElementBlock.FormDataTextboxElementBlock\",\"friendlyName\":\"firstNameProgressive\",\"customBinding\":false},\"__field_144492\":{\"type\":\"www.bdc.ca.Features.Blocks.FormDataTextboxElementBlock.FormDataTextboxElementBlock\",\"friendlyName\":\"lastNameProgressive\",\"customBinding\":false},\"__field_144493\":{\"type\":\"www.bdc.ca.Features.Blocks.FormDataTextboxElementBlock.FormDataTextboxElementBlock\",\"friendlyName\":\"businessPhoneProgressive\",\"customBinding\":false},\"__field_144494\":{\"type\":\"www.bdc.ca.Features.Blocks.FormDataSelectionElementBlock.FormDataSelectionElementBlock\",\"friendlyName\":\"jobRoleProgressive\",\"customBinding\":false},\"__field_110584\":{\"type\":\"www.bdc.ca.Features.Blocks.FormDataTextboxElementBlock.FormDataTextboxElementBlock\",\"friendlyName\":\"company\",\"customBinding\":false},\"__field_110594\":{\"type\":\"www.bdc.ca.Features.Blocks.FormDataSelectionElementBlock.FormDataSelectionElementBlock\",\"friendlyName\":\"industry\",\"customBinding\":false},\"__field_130886\":{\"type\":\"www.bdc.ca.Features.Blocks.FormDataSelectionElementBlock.FormDataSelectionElementBlock\",\"friendlyName\":\"annualSalesList\",\"customBinding\":false},\"__field_110598\":{\"type\":\"www.bdc.ca.Features.Blocks.FormDataNumberElementBlock.FormDataNumberElementBlock\",\"friendlyName\":\"establishedIn\",\"customBinding\":false},\"__field_110583\":{\"type\":\"www.bdc.ca.Features.Blocks.FormDataChoiceElementBlock.FormDataChoiceElementBlock\",\"friendlyName\":\"optInStatus\",\"customBinding\":false},\"__field_111444\":{\"type\":\"www.bdc.ca.Features.Blocks.FormDataSubmitButtonElementBlock.FormDataSubmitButtonElementBlock\",\"friendlyName\":\"submit\",\"customBinding\":false},\"__field_163910\":{\"type\":\"www.bdc.ca.Features.Blocks.SectionFormBlock.SectionFormBlock\",\"friendlyName\":\"PrivacyContact\",\"customBinding\":false}}"), DataSubmitController: "/EPiServer.Forms/DataSubmit" }; /// TECHNOTE: Calculation at FormInfo level, and these values will be static input for later processing. workingFormInfo.StepsInfo.FormHasNoStep_VirtualStepCreated=true; // this FLAG will be true, if Editor does not put any FormStep. Engine will create a virtual step, with empty GUID workingFormInfo.StepsInfo.FormHasNothing=false; // this FLAG will be true if FormContainer has no element at all workingFormInfo.StepsInfo.AllStepsAreNotLinked=true; // this FLAG will be true, if all steps all have contentLink= ="" (emptyString) epi.EPiServer.SystemSettings = { RequestVerification: { FormFieldName: "__RequestVerificationToken", HeaderName: "RequestVerificationToken" } }; })(); </script> <input type="hidden" class="Form__Element Form__SystemElement FormHidden FormHideInSummarized" name="__FormGuid" value="3d4e5e62-a699-407e-a036-1d8afced1009" data-f-type="hidden" autocomplete="off"> <input type="hidden" class="Form__Element Form__SystemElement FormHidden FormHideInSummarized" name="__FormHostedPage" value="7908" data-f-type="hidden" autocomplete="off"> <input type="hidden" class="Form__Element Form__SystemElement FormHidden FormHideInSummarized" name="__FormLanguage" value="en-CA" data-f-type="hidden" autocomplete="off"> <input type="hidden" class="Form__Element Form__SystemElement FormHidden FormHideInSummarized" name="__FormCurrentStepIndex" value="0" data-f-type="hidden" autocomplete="off"> <input type="hidden" class="Form__Element Form__SystemElement FormHidden FormHideInSummarized" name="__FormTotalSteps" value="1" data-f-type="hidden" autocomplete="off"> <input type="hidden" class="Form__Element Form__SystemElement FormHidden FormHideInSummarized" name="__FormSubmissionId" value="" data-f-type="hidden" autocomplete="off"> <input name="__RequestVerificationToken" type="hidden" value="CfDJ8JniLVrIteNHuyKwTqHWrRp_n30N8mUwTfiMEW8ojH4JY-4-gsIF0zIOeK6vOkvl2LGi9ipSWWzeWyr60Zho6o1V4eNz8rM_uu_MyhA2fmlAVKLzDNFyW8P0W39R7aT50wiotTDvCNvIRakF8wxfnfI"> <div class="Form__Status"> <div role="alert" aria-live="polite" class="Form__Status__Message hide" data-f-form-statusmessage=""> </div> </div> <div data-f-mainbody="" class="Form__MainBody" data-f-stepcount="1" data-taxon-component="form" data-taxon-form-title="content--gated--general" data-taxon-form-contentid="110574" data-taxon-form-display="default"> <section id="__field_" data-f-type="step" data-f-element-name="__field_" class="Form__Element FormStep Form__Element--NonData " data-f-stepindex="0" data-f-element-nondata=""> <div class="Form__Element FormTextbox form-email ValidationRequired" data-f-element-name="__field_144418" data-f-type="textbox"> <label for="712e9474-b584-42d1-be4f-259be4071def" class="Form__Element__Caption ">Email address</label> <input name="__field_144418" id="712e9474-b584-42d1-be4f-259be4071def" type="text" class="FormTextbox__Input" aria-describedby="__field_144418_desc" placeholder="" required="" aria-required="true" data-f-datainput="" aria-invalid="false" data-name="emailAddressAutofillNonEditable" data-guid="712e9474-b584-42d1-be4f-259be4071def"> <span class="Form__Element__ValidationError" data-f-linked-name="__field_144418" data-f-validationerror="" id="__field_144418_desc" style="display:none"></span> <script type="module"> if (window.location.href.indexOf("pop=") > -1) { import("/assets/js/modules/form/open-fancybox.min.js"); } </script> </div> <div class="Form__Element FormTextbox ValidationRequired" data-f-element-name="__field_144491" data-f-type="textbox"> <label for="6eeb412c-adc6-415c-9721-ccc5dbf08dfa" class="Form__Element__Caption ">First name</label> <input name="__field_144491" id="6eeb412c-adc6-415c-9721-ccc5dbf08dfa" type="text" class="FormTextbox__Input" aria-describedby="__field_144491_desc" placeholder="" required="" aria-required="true" data-f-datainput="" aria-invalid="false" data-name="firstNameProgressive" data-guid="6eeb412c-adc6-415c-9721-ccc5dbf08dfa"> <span class="Form__Element__ValidationError" data-f-linked-name="__field_144491" data-f-validationerror="" id="__field_144491_desc" style="display:none"></span> </div> <div class="Form__Element FormTextbox ValidationRequired" data-f-element-name="__field_144492" data-f-type="textbox"> <label for="a2a29f84-5316-4a7e-820f-0f046c291b45" class="Form__Element__Caption ">Last name</label> <input name="__field_144492" id="a2a29f84-5316-4a7e-820f-0f046c291b45" type="text" class="FormTextbox__Input" aria-describedby="__field_144492_desc" placeholder="" required="" aria-required="true" data-f-datainput="" aria-invalid="false" data-name="lastNameProgressive" data-guid="a2a29f84-5316-4a7e-820f-0f046c291b45"> <span class="Form__Element__ValidationError" data-f-linked-name="__field_144492" data-f-validationerror="" id="__field_144492_desc" style="display:none"></span> </div> <div class="Form__Element FormTextbox ValidationRequired" data-f-element-name="__field_144493" data-f-type="textbox"> <label for="2c399028-86c0-44dc-8356-5cc3c9ec7ed5" class="Form__Element__Caption ">Business phone</label> <input name="__field_144493" id="2c399028-86c0-44dc-8356-5cc3c9ec7ed5" type="text" class="FormTextbox__Input" aria-describedby="__field_144493_desc" placeholder="" required="" aria-required="true" data-f-datainput="" aria-invalid="false" data-name="businessPhoneProgressive" data-guid="2c399028-86c0-44dc-8356-5cc3c9ec7ed5"> <span class="Form__Element__ValidationError" data-f-linked-name="__field_144493" data-f-validationerror="" id="__field_144493_desc" style="display:none"></span> </div> <div class="Form__Element FormSelection ValidationRequired" data-f-element-name="__field_144494" data-f-type="selection"> <label for="b13ede1e-cf97-4c11-9238-04c96ff989df" class="Form__Element__Caption ">Job role</label> <select name="__field_144494" id="b13ede1e-cf97-4c11-9238-04c96ff989df" required="" aria-required="true" required="" aria-required="true" data-f-datainput="" aria-describedby="__field_144494_desc" aria-invalid="false" data-name="jobRoleProgressive" data-guid="b13ede1e-cf97-4c11-9238-04c96ff989df"> <option disabled="disabled" selected="&quot;selected&quot;" value="">-- Select an option --</option> <option value="Owner" data-f-datainput="">Owner</option> <option value="Senior Leader" data-f-datainput="">Senior Leader</option> <option value="Manager" data-f-datainput="">Manager</option> <option value="Employee" data-f-datainput="">Employee</option> <option value="Professor / Student" data-f-datainput="">Professor / Student</option> </select> <span class="Form__Element__ValidationError" data-f-linked-name="__field_144494" data-f-validationerror="" id="__field_144494_desc" style="display:none"></span> </div> <div class="Form__Element FormTextbox ValidationRequired hide" data-f-element-name="__field_110584" data-f-type="textbox"> <label for="ed09f8e9-4fa2-420f-aba7-148650d73a5c" class="Form__Element__Caption ">Company name</label> <input name="__field_110584" id="ed09f8e9-4fa2-420f-aba7-148650d73a5c" type="text" class="FormTextbox__Input" aria-describedby="__field_110584_desc" placeholder="" required="" aria-required="true" data-f-datainput="" aria-invalid="false" data-name="company" data-guid="ed09f8e9-4fa2-420f-aba7-148650d73a5c"> <span class="Form__Element__ValidationError" data-f-linked-name="__field_110584" data-f-validationerror="" id="__field_110584_desc" style="display:none"></span> </div> <div class="Form__Element FormSelection ValidationRequired hide" data-f-element-name="__field_110594" data-f-type="selection"> <label for="7ada04cb-bc82-4d0c-88e4-f3b6a1b21775" class="Form__Element__Caption ">Industry</label> <select name="__field_110594" id="7ada04cb-bc82-4d0c-88e4-f3b6a1b21775" required="" aria-required="true" required="" aria-required="true" data-f-datainput="" aria-describedby="__field_110594_desc" aria-invalid="false" data-name="industry" data-guid="7ada04cb-bc82-4d0c-88e4-f3b6a1b21775"> <option disabled="disabled" selected="&quot;selected&quot;" value="">-- Select an option --</option> <option value="Construction and Engineering" data-f-datainput="">Construction and Engineering</option> <option value="Consulting and Business Services" 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They act as mentors.</td> <td>Yes. However, they take a more strategic and structured approach to investment.</td> </tr> <tr> <td><strong>What is the goal of their investment?</strong></td> <td>Help <span class="white-space-nowrap">start-ups</span> get off the ground</td> <td>Help to support growth and expansion</td> </tr> </tbody> </table> </div></div><div class="block textblock col-12"> <div data-taxon-component="text" data-taxon-text-title="ctn-tb-motivation" data-taxon-text-contentid="181429" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h2>Motivation of angel investors</h2> <p>The motivation behind investing can differ with each angel investor. Most invest for one of three reasons:</p> <ol> <li><strong>Strong returns.</strong> They are looking for a promising financial return and see it in your product or service.</li> <li><strong>Relevancy.</strong> They are exiting a role in the industry and are looking for an opportunity to remain involved.</li> <li><strong>Generosity.</strong> They have done well in their career and want to help the next generation of entrepreneurs.</li> </ol> <h2>Angel investing in Canada</h2> <p>There are an estimated <span class="white-space-nowrap">20,000-50,000</span> individuals or groups in Canada who are actively investing in <span class="white-space-nowrap">start-ups.</span></p> <p>According to the National Angel Capital Organization (NACO)&rsquo;s <a href="https://digital.builtbyangels.com/link/965442/" target="_blank" rel="noopener"><span class="white-space-nowrap">2021 Report</span> on Angel Investing in Canada</a>, only 6% of entrepreneurs who initially approached structured angel groups for investment received funding. Entrepreneurs who do not receive funding, however, often receive valuable feedback and access to a network that can help them become <span class="white-space-nowrap">investment-ready. </span>They may also be directed to more appropriate <a href="/en/articles-tools/start-buy-business/start-business/start-up-financing-sources">sources of financing</a>.</p> <h2>How to find angel investors</h2> <p>There are a variety of ways you can find an angel investor.</p> <ul class="x-mb-4"> <li>Connect with other entrepreneurs in your industry and find out how they met their investors.</li> <li>Reach out to family members or current contacts, such as your lawyer, accountant or banker, who might know some wealthy individuals looking for investments.</li> <li>Reach out to successful players in your industry that may be interested in investing and mentoring.</li> <li>Connect with angel networks such as <a href="https://nacocanada.com" target="_blank" rel="noopener">NACO Canada</a> and <a href="https://www.ciangelinvestors.com" target="_blank" rel="noopener">Canadian International Angel Investors</a>.</li> </ul> <p>B&eacute;langer also suggests seeking out a <a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/business-accelerator">business accelerator</a>, which gives developing companies access to mentorship, investors and other support. He says they not only attract potential angel investors, but their <span class="white-space-nowrap">set-up</span> highlights for interested parties the potential of the nascent company.</p> <p>&ldquo;The <span class="white-space-nowrap">start-ups</span> associated with an accelerator have gone through a highly competitive selection process.&rdquo;</p> <h2>Preparing for your meeting with an angel investor</h2> <p>Angels typically invest in companies that not only have great ideas, but a great team, and a track record for executing those ideas. For that reason, get to know your industry and your competition&mdash;even more than the investor.</p> <p>Be fully prepared before you reach out and have all your information ready for the investor.</p> <p>Show the potential angel investor a prototype or demo of your product and talk about the customers, even if they are currently <span class="white-space-nowrap">non-paying,</span> who will be using it.</p> <p>Investors need to see your financial statements, including any outstanding debt, revenue projections, and the ownership and legal structure of the company.</p> <h3>What to prepare for your meeting with an angel investor?</h3> </div></div><div class="block tableblock col-12"> <div data-taxon-component="table" data-taxon-table-title="ctn-tableblock-2" data-taxon-table-contentid="181430" data-taxon-table-display="default" data-taxon-parent="true" class="table-block-container flex-grow-1"> <table style="border-collapse: collapse; width: 100.028%;" border="1"> <tbody> <tr> <td><a href="/en/articles-tools/marketing-sales-export/marketing/tips-preparing-elevator-pitch"><strong>An elevator pitch</strong></a></td> <td>A <span class="white-space-nowrap">60-second</span> description of your company that can quickly grab an investor&rsquo;s attention.</td> </tr> <tr> <td><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/pitch-deck-template"><strong>A pitch deck</strong></a></td> <td>Needs to be exciting with a focus on growth potential, enthusiastic founders and an inspiring story.</td> </tr> <tr> <td><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/financial-statements"><strong>Financial statements</strong></a><strong> and projections</strong></td> <td>Investors often like to see projections that stretch out to five years, broken down by year.</td> </tr> <tr> <td><strong>A product prototype or demo</strong></td> <td>Make sure your product works well, and that your demo is focused and clearly shows the strength of what you are building.</td> </tr> </tbody> </table> </div></div><div class="block quoteblock col-12"> <div class="quote-block-container default " data-taxon-component="quote" data-taxon-quote-title="ctn-quoteblock-robert-simon" data-taxon-quote-contentid="181431" data-taxon-quote-display="default"> <figure class="quote quote-border-left border-alternate-accent-light col-12 no-quote-image"> <svg class="d-block svg-mb svg-icon--md"> <use xmlns:xlink="http://www.w3.org/2000/xlink" xlink:href="/globalassets/digizuite/31813-sprite.svg?v=4a7b65#quotes-en"></use> </svg> <blockquote> <p>If your mom or grandma can&rsquo;t understand what you are pitching, <span class="c-red-100">then you&rsquo;re not ready.</span></p></blockquote> <figcaption class="quote-footer"> <p>Robert Simon</p> <p> Senior Managing Partner, BDC Capital </p> </figcaption> </figure> </div> </div><div class="block textblock col-12"> <div data-taxon-component="text" data-taxon-text-title="ctn-tb-approaching-angel" data-taxon-text-contentid="181432" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h2>Approaching an angel investor</h2> <p>It&rsquo;s important to start developing relationships with angels before you need money. If they already know you, they will be more receptive to a conversation about an investment when you&rsquo;re ready. Being introduced to the investor by someone who they know and respect will generally help in securing a meeting.</p> <p>When meeting with a potential investor you need to have a strong pitch. Articulate in a concise manner the problem you intend to solve and the service or product you are developing, as well as your plan for its development.</p> <p>&ldquo;If your mom or grandma can&rsquo;t understand what you are pitching, then you&rsquo;re not ready,&rdquo; cautions Simon.</p> <p>A pitch deck can be a powerful way to quickly present your business to new potential partners. BDC offers a free, fillable <a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/pitch-deck-template"><span class="white-space-nowrap">pitch-deck</span> template</a>.</p> <h2><span class="white-space-nowrap">4 tips</span> to approach an angel investor</h2> <p>There are several things to consider before reaching out to a potential angel investor, according to B&eacute;langer.</p> <h3>1. Pitch the investment not the product</h3> <p>&ldquo;One of the most common mistakes I see with entrepreneurs is they are pitching products or technologies when they should be pitching an investment opportunity.&rdquo;</p> <h3>2. Make sure you have the right investor</h3> <p>Do your research before you talk to a potential investor and see what they&rsquo;ve invested in. &ldquo;Once you&rsquo;ve identified an angel, you&rsquo;ll want to learn as much as you can about them. Make sure there is a fit with your goals and motivation; otherwise, you&rsquo;re wasting your time and theirs.&rdquo;</p> <h3>3. Make sure your company is ready for the investment</h3> <p>Your business needs to be developed enough for an investor to evaluate the opportunity.</p> <h3>4. Prepare to be scrutinized</h3> <p>&ldquo;If they invest in your company, you&rsquo;re going to be together for the long run, so they will also want to know a lot about you.&rdquo;</p> <h2>Understanding the angel investor</h2> <p>Angel investors look for entrepreneurs who are passionate about what they are doing, knowledgeable about the product they are developing, and hungry for better customer solutions.</p> <p>&ldquo;With me, it was always the connection with the entrepreneur. It was about whether this was someone I could see myself spending time with and having fun with, and supporting the new product,&rdquo; asserts B&eacute;langer, also a former angel investor.</p> </div></div><div class="block quoteblock col-12"> <div class="quote-block-container default " data-taxon-component="quote" data-taxon-quote-title="ctn-quoteblock-dominique-belanger" data-taxon-quote-contentid="181434" data-taxon-quote-display="default"> <figure class="quote quote-border-left border-alternate-accent-light col-12 no-quote-image"> <svg class="d-block svg-mb svg-icon--md"> <use xmlns:xlink="http://www.w3.org/2000/xlink" xlink:href="/globalassets/digizuite/31813-sprite.svg?v=4a7b65#quotes-en"></use> </svg> <blockquote> <p><span class="c-red-100">With me it was always the connection with the entrepreneur.</span> It was about whether this was someone I could see myself spending time with and having fun with, and supporting the new product.</p></blockquote> <figcaption class="quote-footer"> <p>Dominique B&#xE9;langer</p> <p> Managing Director, Growth Venture Fund </p> </figcaption> </figure> </div> </div><div class="block textblock col-12"> <div data-taxon-component="text" data-taxon-text-title="ctn-advantages-disavantages" data-taxon-text-contentid="181435" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h2>Advantages and disadvantages of working with angel investors</h2> <p>Angel investors bring with them business experience, industry relationships and customer contacts. It&rsquo;s a shot in the arm for your company to be associated with a respected industry player.</p> <p>There are some things to keep in mind, however, when reaching out to an angel investor.</p> <p>&ldquo;Since they are often investing their own resources, they may not have the deep pockets of an institutional investor. They can help get you up and running but they may not invest at every subsequent round. There are limits to how much they can invest,&rdquo; says Simon.</p> <p>Securing an angel investor also means losing some control of your company since you will need to hand over some equity in your company.</p> <p>&ldquo;Today, you own 100% of the company. Tomorrow, you are going to own less than that and be subject to the whims of either a board or outside investors. If you are uncomfortable with that&mdash;then it&rsquo;s not a fit,&rdquo; Simon advises.</p> <h2>What percentage do angel investors take?</h2> <p><span class="white-space-nowrap">Start-up</span> financing is a <span class="white-space-nowrap">high-risk</span> venture. Since there will be low returns from some of their investments, angel investors need to generate sufficient return from those that do find their footing. That&rsquo;s why angels typically take on multiple investments and will be interested in your company only if it shows real growth potential.</p> <p>Typically, angel investors take equity in a company in return for their investment. The angel investor makes money when someone buys their shares in the company. That&nbsp;can either happen when the entire company is purchased, when another investor buys the angel&rsquo;s shares, or when the company goes public.</p> <p>The exact amount of equity an angel investor seeks can vary significantly. It is generally based on individual preferences and the characteristics of your <span class="white-space-nowrap">start-up</span> including:</p> <ul class="x-mb-4"> <li>the risks of investing in your business</li> <li>the number of shareholders</li> <li>the stage and state of your company</li> <li>the amount of capital you ask for</li> </ul> <p>Research and understand standard financial terms used in these typical contracts. B&eacute;langer encourages entrepreneurs to secure assistance from someone with financial or legal skills and to help them draft, negotiate, and sign all the investor agreements.</p> <p>&ldquo;Angels tend to invest because they like meeting entrepreneurs and discovering a problem and a solution&mdash;the legal side of the matter is not something they often find appealing.&rdquo;</p> <h2>Next step</h2> <p>Generate interest from potential partners with our free <a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/pitch-deck-template">pitch deck template for <span class="white-space-nowrap">start-ups</span></a>.</p> </div></div></div> <div data-taxon-component=related_section data-taxon-related_section-title=angel-investors-how-find-them data-taxon-related_section-contentid=7908 data-taxon-related_section-display=related-topics-entrepreneur data-taxon-parent=true > </div> </div> <aside class="bdc-recommended-content col-12 col-md-4 related-list"> <div 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