Angel Investors - An Example - The Toronto Venture Group

Investment Size: $100,000 - $2,000,000


Valuation: $200,000 - $5,000,000 pre-money

Structure:
* Series A Preferred Stock
* Typical venture capital terms and conditions
* Representation on company board of directors

Local: Strong preference to Canadian companies: 2 hour Toronto radius

Large Potential Growth: $50 M sales globally

High Anticipated Growth Rate: > 25% / year.

Experienced Management Team: proven ability to start, grow a company

Sustainable Competitive Advantage: over existing / emerging competition

Barriers To Entry: Have the means to discourage / beat competition (proprietary technology /
business method, patent, trade secret, years ahead of competition)

Commercialization Strategy: Realistic go to market plan

Proof Of Concept: Product / service that fulfills a need, has some sales, strategic partners or solid sales commitments

Business Model Anchored In Reality: Thoroughly assessed market, product development costs, operating expenses, funding requirements

For more information, visit www.EvanCarmichael.com.