FREQUENTLY ASKED QUESTIONS
How long will it take to get funding from the New York Angels? Depending on complexity, from start to finish it can take anywhere from 4 to 16 weeks to get funding. The goal is to complete due diligence as quickly as possible while undergoing a thorough review of the business. The entrepreneur can expedite due diligence by having the information available ahead of time, making yourself and your team available for meetings, and by being proactive in driving the process. At the conclusion of due diligence, it is important that the entrepreneur and investors are both comfortable with each other and can have a productive partnership.
Are there any fees involved in submitting to the New York Angels? No.
Do the New York Angels syndicate deals with other angel groups? Yes. The New York Angels have relationships with other angel groups in the Northeast and often syndicate deals when it makes sense. The entrepreneur always has the final say on where their business and material is presented.
What are the return expectations of the New York Angels? We expect to make 5 times our money within 5 years. As a result, you should evaluate your business along the same guidelines to ensure that we are aligned with what is realistic and what potential exit strategies may be.