In order to ensure that only the best suited deals come before our investors we have designed the following process to screen applications for funding.
1. Application Mentoring: All applicants are encouraged to use the start up resources found at StartMeUp Ryerson, one of our partner organizations. We use these tools to ensure that our applicants understand what they are in for and are at a stage that they are actually ready for investment with something worthy of your attention.
2. The Screening Process:
a. After applying your proposal will be reviewed and you will be contacted by our group manager to either answer any questions or with instructions on how you can improve your application.
b. Once you have this discussion, and if the group manager approves of your application, you will be invited to present before our Screening Committee. This committee is comprised of Ryerson faculty and RAN Angel Investors. At this point your plan and business acumen will be tested thoroughly.
i. You will be given 20 minutes to present your plan.
ii. If at this point any errors are found one of our Screening Committee members may volunteer to mentor you personally, alternatively additional StartMeUp resources will be assigned to you to fill in the gaps identified in your plan.
c. If approved at both levels then you will be invited to present before all of our Angel members at the next investment meeting held at Ryerson University.
i. For this you will need to prepare a 15 minute power point presentation, and be able to provide any supplementary data such as pro forma statements, patents or contracts with suppliers/customers.
From this point it is up to our members to decide the applicant’s fate, if chosen they will continue to ‘Due Diligence’ with the interested members and will go through a detailed assessment of your business, financial statements and operations.
RAN does everything possible to facilitate the process by offering full use of our available resources.
Term sheet negotiation: After successful completion of the due diligence process, interested Angel group members will present a term sheet that defines the structure of the investment deal - including type of equity and Board of Directors representation, using industry standard terms and provisions.
Funding & Beyond: When all parties are satisfied with the terms and language contained in the term sheet, the deal can be executed. But remember, closing the deal 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. Adhering to the responsibilities at this stage will enable you to get the most from your angel relationship.
1. Application Mentoring: All applicants are encouraged to use the start up resources found at StartMeUp Ryerson, one of our partner organizations. We use these tools to ensure that our applicants understand what they are in for and are at a stage that they are actually ready for investment with something worthy of your attention.
2. The Screening Process:
a. After applying your proposal will be reviewed and you will be contacted by our group manager to either answer any questions or with instructions on how you can improve your application.
b. Once you have this discussion, and if the group manager approves of your application, you will be invited to present before our Screening Committee. This committee is comprised of Ryerson faculty and RAN Angel Investors. At this point your plan and business acumen will be tested thoroughly.
i. You will be given 20 minutes to present your plan.
ii. If at this point any errors are found one of our Screening Committee members may volunteer to mentor you personally, alternatively additional StartMeUp resources will be assigned to you to fill in the gaps identified in your plan.
c. If approved at both levels then you will be invited to present before all of our Angel members at the next investment meeting held at Ryerson University.
i. For this you will need to prepare a 15 minute power point presentation, and be able to provide any supplementary data such as pro forma statements, patents or contracts with suppliers/customers.
From this point it is up to our members to decide the applicant’s fate, if chosen they will continue to ‘Due Diligence’ with the interested members and will go through a detailed assessment of your business, financial statements and operations.
RAN does everything possible to facilitate the process by offering full use of our available resources.
Term sheet negotiation: After successful completion of the due diligence process, interested Angel group members will present a term sheet that defines the structure of the investment deal - including type of equity and Board of Directors representation, using industry standard terms and provisions.
Funding & Beyond: When all parties are satisfied with the terms and language contained in the term sheet, the deal can be executed. But remember, closing the deal 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. Adhering to the responsibilities at this stage will enable you to get the most from your angel relationship.
