Angel investing goes beyond providing funds to start-up businesses. It is an opportunity to give back to the community and shape the future economy. Unlike venture capitalists, Angels are involved in the start-up businesses that they invest in. This difference is what makes Angel investing more rewarding.
Angel Investors are…
Typically well-educated, high-net-worth persons, who invest personal funds at arm’s length in businesses owned and operated by unrelated individuals. The personal funds are invested on a long-term basis in exchange for repayable or convertible debt or equity in the company.
Profile of a typical WECAN Angel investor in Windsor-Essex Region
- Well-educated and interested in mentoring Entrepreneurs
- Former entrepreneur or business professional who can provide new firms with financing, contacts and business experience
- Be passionate for startups
- Are individuals interested in collaborating with promising startups
- Are industry experts
- May have been a past owner or shareholder of a business
- Are provided an opportunity to invest financially
- Have time to mentor and support companies.
- Will help our community grow and develop into a stronger Region to compete globally.
- Recognized by the Ontario Securities Commission as an “accredited investor” as defined by the Ontario Securities Commission’s Rule 45-802, such as:
- an individual who, either alone or with a spouse, beneficially owns financial assets having an aggregate realizable value that before taxes, but net of any related liabilities, exceeds $1,000,000.
- an individual whose net income before taxes exceeded $200,000 in each of the 2 most recent calendar years or whose net income before taxes combined with that of a spouse exceeded $300,000 in each of the 2 most recent calendar years and who, in either case, reasonably expects to exceed that net income level in the current calendar year.
- an individual who, either alone or with a spouse, has net assets of at least $5,000,000.
- a person, other than an individual or investment fund, that has net assets of at least $5,000,000 as shown on its most recently prepared financial statements.
The merit of Angel investing
- Greater prospects for higher returns
- Passion for innovation and entrepreneurship
- Opportunity to mentor
- Giving back to the community
- Shaping the future economy
As part of the PARTNERSHIP & INTEGRATION SERVICES AGREEMENT, Equation shares processes and programs with WECAN such as deal flow, monthly presentation cycle and Due diligence. WECAN Investors joins the regular deeper-dive and due diligence remotely.