Overview of Angel Fund Development RESOURCES
invest in very early stages, with an idea or concept for a product. Angel funds are made up of financial contributions from several sources which may include angel investors, governments, development banks, institutional investors, and venture capital firms. The impact of an Angel Fund in Yukon can be significant and will allow investors to diversify their investments and spread their risk across many opportunities. In turn, diversification can yield better returns for the fund’s investors. Consultation and engagement with other Yukon-based investment bodies is welcome and discussions are encouraged.
Angel Groups are often the place where Angel Funds get started as angels start becoming aware of the power of collaboration and the ability to pool capital. Angels determine how best to achieve their financial goals and may belong to both a Network and a Fund. Plans for an Angel Fund should begin once the Angel Group is established and, in a position, to influence Fund development An Angel Fund is a type of venture capital fund that supports the early stages of a company’s growth. An Angel Fund focuses on companies that have just finished building a product and are starting to generate revenues. In rare cases, Angel Funds
Stakeholders
Recommendations
Timeframe
Planning Planning
Government leaders supported by Angel Fund resource/expertise
Identify government and other private investors to discuss the establishment of an Angel Fund.
Once the Angel Group is established and, in a position, to influence Fund development
The recommended goal of the fund is to mobilize capital in a structured way and to deploy it using the necessary angel investment and fund management expertise, to help support the broader ecosystem for emerging companies in Yukon; and
Draw on the recent experience with setting up the Special Purpose Vehicle in Yukon.
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MOBILIZING ANGEL ACTIVITY IN YUKON
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