As an entrepreneur, you need to develop a long-term financing strategy for your business. This session helps you determine what financing approach is right for you. Key topics covered: bootstrapping, angel investment

1.
So you want to start a
business?
Marc Faucher | April 2016

2. Friends & Family • Individuals or family offices
Angel Networks • Maple Leaf Angels, GTAN, AngelOne, North
York Angels, etc
Accelerators • Highline, Y Combinator, Velocity, etc
Institutional seed
investors
• Golden VP, Mantella VP, Real Ventures,
MaRS IAF, etc
Institutional investors
that dabble in seed
deals
• BDC Capital, Relay Ventures, Omers
Ventures, iNovia, etc
Commercial
Institutions
• BDC Entrepreneurship Centre - loans up to
$200k; personal guarantees
Others • Lots of other means…
Sources of Early Capital

3. First ask yourself the right questions
• What is the ideal end game?
• How do I define success?
• Do I want to work for myself or someone else?
• What is the right long term financing strategy for me?
Challenge question: You’re two years into your new venture, and
offered $12M cash for your business. Do you take the offer?

4. Understand the dynamics of your business
• Revenue streams
• User growth vs profitability
• Hyper competitive vs mature industry
• Size of market opportunity
• How do I scale by business
• Quantum of capital required to “succeed”
Challenge comment: Create a clear and specific investment hypothesis
in all areas of your business…especially those you don’t yet fully
understand.

5. Sources of Early Capital
• Governance
• Investor Expectations /
Outcome
• Cost of Capital /
Dilution
• Investor Contributions
Considerations
Friends & Family • Individuals or family offices
Angel Networks • MLA, GTAN, AngelOne, North
York Angels, etc
Accelerators • Highline, Y Combinator,
Velocity, etc
Institutional seed
investors
• Golden VP, Mantella VP, Real
Ventures, MaRS IAF, etc
Institutional investors
that dabble in seed
deals
• BDC Capital, Relay Ventures,
Omers Ventures, iNovia, etc
Commercial
Institutions
• BDC Entrepreneurship Centre
- loans up to $200k; personal
guarantees
Others • …

6. Where do you go from here?
• First ask yourself the tough questions
• Find yourself a great mentor
• Research the various products
• Seek warm introductions where possible
• Hustle