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Press Release | BusinessPress Release: York Angel Investors Refine Business Model
Submitted by yorkangelinvestors on Sep 22, 2011 - 07:54 AM |
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York Angel Investors introduces a fee-based business model, recognizing the professional time and value delivered to entrepreneurs through the business plan submission process.
September 20, 2011 – Toronto, Ontario -- York Angel Investors (YAI) today announced their migration to a fee-based business model, recognizing the professional time and value delivered to entrepreneurs through the business plan submission process.
“We are a not-for-profit organization comprised of best-in-class business leaders. Through our screening process, YAI delivers tremendous value to entrepreneurs seeking funding, business connections and ultimately break-through business success,” said Scott MacCannell, President, YAI. “By applying a nominal fee-structure to the various stages of our collaborative work with entrepreneurs, we are acknowledging the mutual value of the process and applying a filter to the tremendous volume of business plans we receive.”
Our portfolio companies benefit from our member expertise in information technology, clean tech, energy conservation, retail, healthcare, pharmaceutical, online applications, enterprise and Software as a Service
The fee structure is not designed to financially burden entrepreneurs though will cover some of the hard costs incurred in YAI operations.Effective September 16, 2011 the fee structure is as follows:
• Review of Funding Application ($35 + H.S.T.)
• Informal Presentation to and discussion with a small group of YAI Members ($75+ H.S.T.)
• Formal Presentation to YAI Members at one of the York Angels Monthly Investment Meetings ($175 + H.S.T.)About York Angel Investors
The Angels are a group of accredited investors with a broad range of professional experience. Their individual and group focus is to create a return on investment for themselves and the businesses they work with. Their involvement provides entrepreneurs with funding, and importantly advisors who counsel portfolio companies, based on their own success, on how to expedite and manage growth.
YAI’s portfolio companies benefit from our member expertise in information technology, telecommunications, internet, online applications, enterprise, Software as a Service, retail and pharmaceutical. The collaborative mentorship approach and strategic financing supports entrepreneurs through various stages of early growth. These critical investments often represent the bridge between the self-financed or seed stage and the venture capital and/or private equity level of funding.
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For more information please contact:
Marilyn Schaffer
416-400-5629
mschaffer@xtminc.com
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