A Survey of the Vancouver Angel Technology Network (VANTEC) Activities
The Vancouver Angel Technology Network (VANTEC) has been very successful in helping BC technology companies raise angel investment funding since 1999. Rocket Builders was contracted to investigate and report on the activities of the VANTEC investors and the presenting companies who have participated, and calculate the economic outcome of VANTEC investment activity.
Key Findings:
VANTEC’s reputation as a successful angel investment forum is justified
Fifty percent of the presenting companies that present at VANTEC raise angel funds and twenty percent go on to secure additional venture capital funding
The six to nine months after a company presents at VANTEC is an important time for companies seeking angel investment
VANTEC is well positioned to expand its role in the marketplace and use its expertise to assist companies to commercialize products and services, and raise capital
VANTEC could partner to access expertise, develop resources, and deliver programs
Key Recommendations:
Develop a marketing plan to target Angels, VCs and past presenters to improve deal flow and company quality
Optimize VANTEC presentation format
Develop a comprehensive partnering strategy to leverage complementary resources and provide additional company support
Develop long-term “Investment Readiness and Market Readiness” programs for companies