The first stop in an eight city breakfast series hosted by Female Funders kicks off in Toronto on Tuesday morning.
The organization, which is dedicated to inspiring and educating female angel investors is touring across North America from January 19 to February 4.
Held at the Rosewater, the Toronto breakfast series acted as a platform from which woman can learn to begin or further their journey as angel investors.
“Angel investing is actually incredibly risky, you’re not guaranteed to make any money, but it’s an incredible way to network, to give back to entrepreneurs, to have a chance at making money, and to have a lot of fun along the way,” said host and moderator, Katherine Hague, serial entrepreneur, and investor.
Hague’s journey itself would not have been possible without her first angel investor, who invested $10,000 into her tech company. Through this help, she was able to sell her first company, ShopLocket, at the age of 23.
The event held a fireside chat with Nicole Verkindt, entrepreneur and Dragon on CBC’s Next Gen Den and Edel Ebbs, member of Maple Leaf Angels and President and CEO at Electra Enterprises, who spoke about some of advice they have for those looking to start investing in startups.
The series expects to bring over 320 women over the next three weeks through various networking and panels.
“All of this is really part of my mission to get 1000 women to make their first angel investment in the next year,” said Hague.
According to Hague, typical angel investors range from $10,000 to $50,000. However, Ebbs was noted as a super-angel when she spoke of her first startup investment of over $150,000.
But Female Funders want to enable the funding of more women-led businesses because today, only 2.7% of venture funding goes to female entrepreneurs.
“To me, this is a really scary number and, not that I think all women are going to invest in female-founded companies, but I do think having more women on the other side of the table is going to help change this balance,” said Hague.
The Female Breakfast Series is open to both accredited and non-accredited investors and will continue with stops in Ottawa, Vancouver, Boston, New York, Los Angeles, San Francisco and Seattle.