GAN is one of 14 Ontario angel groups (there are almost 30 across Canada at this time), having commenced operations effective Q’1, 2010. GAN was conceived to forge linkages between investors and entrepreneurs in the Georgian Triangle+ region and beyond.
The GAN catchment area runs from Owen Sound along the south shore of Georgian Bay to Midland/Penetanguishene. It runs south from Parry Sound and Huntsville down to the Barrie area, and west as far as Orangeville. This territory contains a population base of approximately 300,000 from which our members are drawn, and an untold number of smaller entrepreneurial companies in which to invest.
We have, to date, assembled an impressive group of like-minded high net worth investors who want to derive the benefits – financial and otherwise – that are possible through direct private equity investment, as part of a group.
Our objective remains to continue to scale the GAN membership up – increasing our investment capacity as well as sector experience/expertise/knowledge of investors.
We also welcome angels that currently belong to existing groups (“dual citizens”), as we see their experience and perspective as instrumental in helping to create a high-functioning group.
We are fortunate that, while angel group investing (as a segment of the capital markets) is less than 10 years old in Canada, various best practices have been established by NACO, NAO-Ontario and others which continue to expand and make more efficient the operation of the group.
We hold monthly investment presentation meetings in Barrie 8-9 times a year, and hold investment meetings 2-3 times a year as well in Toronto, to serve another cohort group within GAN. The Barrie format is typically a 3-hour meeting at which two pre-screened investment opportunities are selected to present to the members. The Toronto meetings are most often lunch meetings lasting no more that 2 hours. These meetings also offer an opportunity to both network and interact with peers, while viewing exciting early stage companies.