Orange County Capital Development Corporation.


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Entrepreneur FAQs:

Is there a minimum amount for consideration?

a.	No. Although as a practical matter most venture capital firms are not interested in proposals of less than $1,000,000. The Orange County Angel Network will consider proposals from $100,000 to $1,000,000.

Will you assist me in developing my business plan?

a.	Yes. We will review your business plan and make recommendations where appropriate for improving the presentation.
b.	We have also established relationships with organizations that will provide assistance in the creation or revision of business plans. Some of these organizations provide this service free of charge, and other are fee based.

Will OCCDC participate in the negotiation with potential investors?

a.	No. OCCDC will not participate in the negotiation of the terms of investment.
b.	OCCDC will, upon request, provide the entrepreneur with the names of qualified attorneys and accountants who can provide this expertise.

Are there businesses or Business Sectors which are excluded?

a.	Yes retail
b.	In order to benefit from our funding businesses must commit to locate in Orange County, NY.

How long does the review take?

Once the business plan is received OCCDC will normally provide an initial respond within five days. Depending on whether revisions or modifications are necessary our review should not take more than thirty days.

Who will decide whether my proposal should be funded?

a.	The involvement of OCCDC ends with the introduction of the entrepreneur to potential investors. Proposals presented to the Orange County Angel Network are decided upon by the individual investors.
b.	Proposals submitted to institutional investors are decided upon by those organizations.
c.	The decision as to whether the OCCDC Investment Fund will participate in an investment is made by its investment committee.

Why would I Use OCCDC Instead of Just Going on- Line and Looking up Venture Capital Firms?

a.	The mission of OCCDC is to provide a bridge between entrepreneurs and investors. Venture Capital can also be accessed through the internet by conducting a search under “venture capital”. Submitting business plans to potential investors over the internet can be both intimidating and confusing for an entrepreneur and commonly results in their giving up in frustration.
b.	OCCDC has established relationships with a number of institutional venture capital organizations and will provide introductions for the entrepreneur. This process not only increases the chance of obtaining an appointment for a presentation but also limits appointments to those investors who have indicated an interest in your particular proposal.
c.	OCCDC also operates under a D/B/A as the Orange County Angel Network. This is a group of individual investors who meet on a regular basis to hear presentations by entrepreneurs and consider investment in those businesses.

Is OCCDC Registered with the SEC as a Broker-Dealer?

No. OCCDC is not registered as a securities broker-dealer, does not hold a license to act as such and does not provide investment banking advice or brokerage services. OCCDC provides introductions to potential investors and funding sources and does not negotiate the terms of any investments or act as a placement agent for entrepreneurs. OCCDC will not hold any funds or securities in escrow in connection with any financing. OCCDC will not discuss with potential investors the details of, or make recommendations regarding, any securities issued by entrepreneurs. Entrepreneurs will need to engage a securities broker-dealer to perform any such services.