fbpx

Invest

INVESTING AT THE SUMMIT

If you are a new or experienced investor, the Okanagan Angel Summit is a great opportunity for you to plug-in. This investor-led program was designed to expose accredited investors to the world of angel investing through a guided, hands-on process where a small venture capital fund is raised, deals are screened, and an actual investment in a startup is made.

Participants will go through a 8-week series of structured investor meetings including company reviews, founder pitches, and due diligence. The culmination is a public pitch event where the top 6 companies make their final pitch, and the investors decide who is awarded an investment from the fund.

The COMMITMENT


 

The program will be conducted over a 8-week period. Participating investors need to be committed to attending weekly sessions. While occasional absences are understood, the value, both individually and for the collective, is derived from active participation.

Investors should be prepared to spend 3-4 hours a week on the program. Depending on your individual approach to reviewing applications or scheduling meetings, this estimate can change. Investors are encouraged to attend every session but it is not mandatory. However, because the Summit is a group experience, you will get more out of the program the more you participate.

The Cost


 

The cost to participate in the Okanagan Angel Summit as an investor is $5,500. This includes a $5,000 investment in the fund and administrative fees. Investors must qualify as accredited (this is defined by the BC Securities Commission). The Fund Manager will have the final decision as to the participation of any investor in the fund.

The Fund


 

The investment fund is a limited partnership and the general partner is the Okanagan Angel Investment Society. The Society manages the fund alongside Accelerate Okanagan who oversees, coordinates and organizes the Okanagan Angel Summit program.

The timing for a return is similar to any other angel investing return. Most ventures will plan to exit within 5-7 years extending to a range of 13-15 years. If there is an exit, a distribution will occur. If the funds distributed are sufficient, your entire investment will be returned with legal and accounting fees subtracted.

The Deal


 

We want to train investors to make an investment as an angel investor which means our goal is to negotiate a deal that would reflect terms normally available to an angel. We do ask for specific terms regarding publicity and information rights but we prefer that the ventures come prepared with their own term sheet.

We do not ask for board seats and have, in the past, divided our portfolio investments between preferred shares and common shares. SAFES and convertible notes are an option.

Investor SCHEDULE


WEEK 1 – APRIL 2

Kickoff Meeting

In-Person/Online

WEEK 2 – APRIL 8

Select Top 24 (Day 1)

In-Person/Online

WEEK 2 – APRIL 10

Select Top 24 (Day 2)

Online

WEEK 2 – APRIL 12

Top 24 Announced

Online

WEEK 3 – APRIL 15

Quarter Final Pitches (Day 1)

In-Person/Online

WEEK 3 – APRIL 16

Quarter Final Pitches (Day 2)

In-Person/Online

WEEK 4 – APRIL 22

Select Top 12 (Day 1)

In-Person/Online

WEEK 4 – APRIL 24

Select Top 12 (Day 2)
Due Diligence Teams Formed

In-Person/Online

WEEK 4 – APRIL 25

Top 12 Announced

Online

WEEK 4 – APRIL 25

Due Diligence Training

In-Person/Online

WEEK 5 – APRIL 29

Semi Final Pitches (Day 1)

In-Person/Online

WEEK 5 – APRIL 30

Semi Final Pitches (Day 2)

In-Person/Online

WEEK 6 – May 7

Select Finalists

In-Person/Online

WEEK 6 – May 8

Finalists Announced

Online

WEEK 7 – May 13

Due Diligence For Finalists

In-Person/Online

WEEK 8 – May 21

Due Diligence For Finalists

In-Person

WEEK 8 – May 23

Finale

In-Person

Get Invested

Get Invested


Applications for the 2024 Okanagan Angel Summit will open in the New Year.

Copyright © 2022 OKGN Angel Summit