funding process version 3
TRANSCRIPT
F U N D I N G P R O C E S S
www.mapleleafangels.com | [email protected] | 416.646.6235 | @mapleleafangels
BEFORE APPLYING FOR FUNDINGRead the following before applying for funding:
1. MLA Investment Criteria2. Getting Funded – What our Members Look for In A Pitch3. Example of a One Page Executive Summary
These are guidelines for what kind of ventures we fund, what we look for in venture and how to format your executive summary. If you have questions about the resources or are still unsure if you are a fit for Maple Leaf Angels please email [email protected].
Initial Application
MLA Staff Review
Investment Review
Committee
Present to MLA Deal Room Due
Diligence
www.mapleleafangels.com | [email protected] | 416.646.6235 | @mapleleafangels
INIT IAL APPLICATION
• Investment Review Committee (IRC)• For companies that identify as investment ready• Unsure if you are investment ready? You may want to take this quiz:
NAO – Ontario Investment Ready Quiz• Documents required for IRC
• Executive summary• Pitch deck • Other relevant info
Entrepreneurs first introduce themselves and their venture to Maple Leaf Angels.
Initial Application
MLA Staff Review
Investment Review
Committee
Present to MLA Deal Room Due
Diligence
www.mapleleafangels.com | [email protected] | 416.646.6235 | @mapleleafangels
MLA STAFF REVIEW
• Ventures that meet criteria are further screened in one on one meeting• Following screening selected companies are granted IRC review• Ventures that do not meet criteria notified
• Developing ventures recommended to mentorship session and/or workshops
Timeline: 30 days
MLA Staff reviews venture applications for appropriate fit with MLA and to determine if ventures should proceed to IRC review.
Initial Application
MLA Staff Review
Investment Review
Committee
Present to MLA Deal Room Due
Diligence
www.mapleleafangels.com | [email protected] | 416.646.6235 | @mapleleafangels
INVESTMENT REVIEW COMMIT TEE
5
The IRC Meets on a monthly basis to review applications and/or view pitches.
At a pitch session the IRC will see between 4 - 8 companies out of which 2 – 3 companies will be selected to present to all members at the next investment meeting.
Timeline: 30 - 120 days**The range is due to the MLA Investment Meeting Schedule – occasionally MLA has targeted sessions which not all qualified ventures will fit into
Ventures must pass the IRC formal review will be asked to do a pitch to the IRC.
Initial Application
MLA Staff Review
Investment Review
Committee
Present to MLA Deal Room Due
Diligence
www.mapleleafangels.com | [email protected] | 416.646.6235 | @mapleleafangels
PRESENT TO MLA
• Ventures who pitch to IRC but are not selected to pitch to members will receive follow up.
• Ventures who are selected to pitch to the membership at large will receive follow up coaching.
Timeline: 30 days
Those 2-3 successful ventures from the IRC Pitch Session will then pitch to all MLA Members
Initial Application
MLA Staff Review
Investment Review
Committee
Present to MLA Deal Room Due
Diligence
www.mapleleafangels.com | [email protected] | 416.646.6235 | @mapleleafangels
MLA DEAL ROOM
Based on Member Interest
Allows all MLA members to review venture prior to presentation
Timeline: As long as investment considered by MLA angel(s)
Online private portal for ventures to upload content to interact with members of the MLA Community
Initial Application
MLA Staff Review
Investment Review
Committee
Present to MLA Deal Room Due
Diligence
www.mapleleafangels.com | [email protected] | 416.646.6235 | @mapleleafangels
DUE DIL IGENCE
• Members make individual investment decisions but collaborate on due diligence activities
• See this sample Due Diligence Checklist from the Angel Capital Association to get a sense of the process (all of the items may not be in place for all companies this is a general overview):
Sample Due Diligence Checklist from ACA
• Following Due Diligence a Term Sheet will be compiled, while there is no one set model for term sheets for Angel Investing MLA has hosted workshops on term sheets for angels, see below for our Intro to Term Sheets Deck:
Introduction to Angel Term Sheets
