Canada’s top angel investor wants every Canadian to have access to angel investment opportunities

One of Canada’s leading angel investors wants federal legislation changed so that any Canadian with adequate capital can make angel-type investments.
Canadians must be accredited to make angel investments in private startups in Canada.

That requires angels to have $1 million in liquid assets or a $200,000 salary or a $300,000 combined salary between them and their spouse.

According to Mike Volker, who runs two angel funds in B.C., angel investors are in the top 1% to 2% of the population when it comes to wealth.

"But what about the next 10% people that are very well off, but not classified as accredited investors they may like to take a gamble on a startup, but they can’t?" said Volker, who was named 2009 angel investor of the year by the National Angel Capital Organization.

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