Friday, August 28, 2009

Knights$Angels

“Knights$Angels will open the door and provide strategic insight into how investors make investment decisions and how people looking for investments go about pitching - the wrong and right way.
The vast majority of Jamaicans have never really seen this process at work and so Knights$Angels is expected to change in a big way how investing is viewed.”



In each programme a group of five (5) potential investors, who are primarily affluent individuals will each seek to provide capital up to a maximum of JA$5 million for a business start-up or ongoing business, in exchange for convertible debt or ownership equity.

Total amount available from the Knights$Angels investors is therefore JA$25 Million.
Investing their own funds, these investments usually bear extremely high risk and are usually subject to dilution from future investment rounds. As such, they require a very high return on investment. Because a large percentage of investments are lost completely when early stage companies fail, professional investors seek investments that have the potential to return at least 10 or more times their original investment within 5 years, through a defined exit strategy, such as plans for an initial public offering or an acquisition.

Each business owner entrepreneur will be given 10 minutes to make a pitch to the group of investors. They will not be allowed to read from any support material and must therefore come fully prepared to make the pitch and also answer questions from the investors about the company or business proposal from memory. The pitch must start out by stating how much investment they are seeking from the investors and how much equity they are prepared to give up for this investment.

Stay tuned for another exciting new programme from Blackslate

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