| Angel Investor Group Profile |
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The Ottawa Angel Alliance (OAA) was established in January 2005 in order to help entrepreneurs and investors in improving their experience and expertise in business. The group is composed of venture capital firms and individual angel investors, who are committed to investing their money in early stage businesses in Ottawa. The OAA, which is a member of the Angel Capital Association, is regarded as the front liner of angel groups by virtue of having VCs as members and of being handled by dedicated and experienced "managing angels." The company believes that angel groups can get better returns than individual angels and that bigger groups can obtain better returns than smaller ones.
The activities of the OAA are handled by three dedicated and experienced "managing angels" namely: Irving Ebert, Laurie Davis, and Rainer Paduch. The company's geographic focus is the National Capital Region (Gatineau and Ottawa). Since the group requires investors to have a hands-on attitude in business, most angel groups subscribe to the one hour driving distance policy. In case an investor lives in another region, the OAA will selectively consider the opportunities in the investor's region provided that an angel group is established in that place.
The Ottawa Angel Alliance focuses on a broad range of business matters. Particularly, the group is interested in proposals having clearly differentiated intellectual property and technology. The company believes that technology alone is a significant, yet modest contributing factor to the growth and success of a business venture. The OAA is also interested in proposals that make use of technology in innovative ways in order to achieve the best results. The group is also attracted to proposals possessing a business design, which can effectively generate bigger returns to investors and lead to rapid expansion.
The OAA helps aspiring entrepreneurs by expanding their network of contacts in the business world. The group exposes these businessmen to a wide range of potential investors. The company also provides entrepreneurs a framework, which can help them make quick and efficient decisions regarding investments.
The Ottawa Angel Alliance is federally incorporated as a non-profit group. The current Board of Directors of the OAA include: Irving Ebert (Managing Angel), Jeffrey Dale (Ottawa Centre for Research and Innovation), Ken Lawless (Ottawa Life Sciences Council), Rick Norland (Member at large), Laurie Davis (Member at large). Both Ebert and Davis, along with Paduch, also oversee the day-to-day activities of the organization.
Generally, the Ottawa Angel Alliance invests between $25,000 and $100,000 in individual angels, while it invests between $250,000 and $750,000 in Angel groups. The OAA invests one to four transactions each year. If you are looking for potential investors in your business, you may send an application to OAA. The good thing about the OAA's website is that it provides entrepreneurs the information they need regarding the application process. The OAA follows a strict evaluation process considering the large number of applicants per month. Only two or three firms are selected every three months. These companies are submitted to the OAA members for further review. These are some of the criteria involved in the screening process: growth potential, market opportunity, and management team.
Ottawa Angels' Website
For more information about the Ottawa Angel Alliance, just visit the organization's website. The website provides not only information about the company, but also some useful tips for aspiring entrepreneurs. In its website, the OAA makes some suggestions to reduce risk factors in business. They are: syndicating enough funds to cover requirements during the early stage of a business; facilitating portfolio diversity; involving venture capital firms in the seed round; giving pieces of advice regarding corporate structure, operations, and governance; managing the business effectively; and performing well in the market. The website of OAA is easy to navigate. Should you want to know more about details not stated in the website, you may send an e-mail to info@ottawaangels.ca.
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