Valhalla Angels provides a platform for founders and companies to find additional capital through our membership of accredited angel investors.
While in the beginning, friends and family and your credit cards are likely to be your first investors, even the most promising businesses will require additional capital to achieve the next level of growth. Finding this capital can be difficult since most traditional funding sources consider startup or smaller businesses too risky. And whereas Venture Capitalists rarely invest in very earlystage companies, angel investors will often mentor you as an earlystage founder before they decide to invest in your company.
By doing this, angel investors can assist in shaping the new company before they give you the cash flow injection you need. Having ‘skin in the game’ encourages Angel Investors to help out in ways an institution simply cannot, which can be the crucial difference between success and failure for an early-stage company. With an angel, not only do you end up with an investor who is comfortable with your risk, you get an investor who is going to help drive you to revenue as quickly as possible.
Three Ways Valhalla Angels Can Help You
1. Access to Capital
Our members are High Net-Worth Individuals and accredited investors who have the financial means and willingness to invest in promising early-stage companies.
2. Experience and Network
With their extensive investment and operational business experience, our members can not only contribute capital, but can also contribute their knowledge and their contacts to help grow your business.
3. Effective Process
We have a well-established, effective and efficient process that gives entrepreneurs the best chance at raising capital through Valhalla Angels.
Valhalla Angels Fast Facts
Founders that present to Valhalla Angels have a 1 in 4 chance of raising capital
Of the over 350 companies which have pitched to Valhalla Angels over the past 16 years, an impressive 62% are still operating today. Compare this to recent studies that show only 35% of startups survive until age 10 and only 37% of information technology startups survive past four years.
Valhalla Angels’ geographically agnostic mandate provides a great platform for any founders doing an angel roadshow.
How the Process Works
Prior to presenting to investors at a Valhalla Angels Forum, founders must participate in a Pre-Screening Process and a Deal Screening before being invited to pitch at our Forum.
Overall, from applications to Angel Forum, our process takes about 2-weeks. However, time depends on how well prepared your application is when submitted, and feedback from our Deal Screening Committee.
APPLICATION REVIEW & INITIAL SCREENING
APPLICATION FEE: $50 + GST (payable at submission and prior to reviewing application)
- Companies apply online
- Deal Flow Director reviews the company application.
- If not ready, or not a good fit for our members, companies are provided feedback and/or referrals to other sources such as Valhalla Angels Basecamp or other appropriate funding sources.
- Selected companies are invited to our monthly Deal Screening meeting.
DEAL SCREENING & FORUM PREPARATION
Deal Screening Fee: FEE WAIVED. Thanks to our Sponsors, who are subsidizing this cost to support founders raising capital through Covid times.
- Companies present their 10 minute pitch to Valhalla Angels members. This stage may require two rounds.
- Companies that are not selected, are provided feedback from the Deal Screening Committee, and are invited to come back for a second chance the following month.
- The Deal Screening Committee selects the companies that are invited to our forums
- Once invited to participate, the company selects the chapter forums that would like to present: Calgary, Edmonton, Kelowna,Vancouver, Regina, and Saskatoon. *Note: Due to Covid, our forums are currently hosted virtual with one event for members from all chapters.
- To prepare you for the Angel Forum, dates, location of forums as well as templates and additional information is provided to those presenting at the forum.
- Companies are given access to our members-only, online communication tool, Startup Includer, to post the required documents, such as Factsheet, Executive Summary, Financials and Final Presentation before the forum
Forum Presentation Fee: $1,000 for 1 Virtual Forum reaching members from 6 cities (150+ members)*
*This fee is temporary until in-person Forums resume and previous fees are back in effect.
- Companies present at selected forums
- Following the presentation, members may sign your Goldsheet indicating the type of participation they are interested in pursuing.
- Forum feedback and Goldsheet signups are posted to the company profile on our members only online platform
- All Valhalla Angels members, from appropriate chapters, have access to company documents, feedback, and Goldsheets
- Companies address feedback by providing supplemental documents
- Companies schedule conference call with all interested parties
- All Valhalla Angels Members can add to and modify Goldsheet
- Companies can provide ongoing updates through the online platform
Tacit Non-Disclosure Agreement
Members must use the information they gain at forums solely for their own benefit and must not share this information with other parties. Participation in a Valhalla Angels forum acts as a tacit non-disclosure agreement. If a member wants further information from a presenting company, the company may require that member to sign a separate non-disclosure agreement. This will not occur prior to the due diligence stage of our process.
Some angels invest in pre-revenue companies, yet prefer to work with seed fund deals when the product or service has been established. A few banks and VC funds specialize in seed and early stage deals, yet these are limited and the firms are very particular about their investment risk exposure. To fill the gap between seed and early stage funding, some venture capitalists also act as angels when a deal does not fit their institutional fund criteria. It is a way for them to support a deal that they believe will be a success even though the company may be pre-revenue. Some angels also have investments in VC funds. Those typically have a higher starting level in the amount of money they will lend, but are also often more conservative in their lending habits.
Valhalla Angels is about best practices. We offer a range of industry specific Bootcamps, Deal Screening and Investor Forums to interested companies and entrepreneurs. All of our programs follow a strict due diligence process and our investor led forums have a robust follow-on reporting requirement.