Fiban's angel network for Entrepreneurs

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Finnish Business Angels Network (FiBAN) is a national, non-profit association aiming to inspire private investments made in potential early stage companies.

FiBAN strives for high-quality deal flow by co-operating with various private and public growth supporting entities. FiBAN acts as a link between growth companies and investors by providing companies with direct visibility to investors and aims to facilitate investment rounds in general.

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Fiban's angel network for Entrepreneurs

  1. 1. BUSINESS ANGELS? Private startup investors
  2. 2. FiBAN is a association of private investors that aims to improve the possibilities for private persons to invest into unlisted potential high-growth companies. •  •  •  •  •  A non-profit, private investor driven association Deal flow and investor matchmaking Inspires investment syndication Trainings and seminars Best practices and guidance
  3. 3. BUSINESS ANGELS Business angels are private individuals who invest their own money in high potential startups in exchange for a share in the company, and also contribute their expertise in business management and their personal network of contacts. www.eban.org VIDEO www.fiban.org/video
  4. 4. BUSINESS ANGELS ✓  ✓  ✓  ✓  Invest both knowledge and capital Early-stage high-risk investors Make both active and passive investments Invest generally €10K- €100K per deal
  5. 5. ANGEL PROFILE Active 30% 10% Passive 50% 10% Unexperienced Experienced LOOKING FOR INVESTMENTS INVESTOR EXPERIENCES
  6. 6. FINNISH HIGH-GROWTH •  4.8% of all Finnish companies are highgrowth companies, these companies create +50% of all new jobs! •  There are approximately 300-600 companies aiming for high-growth yearly.!
  7. 7. TOPIC
  8. 8. ANGEL NETWORK STATISTICS EUROPE US FINLAND Networks 400 340 3 Estimate # of angels 75k 259k 500 Total estimate invested annually by angels (€) 3-4 billion 18 billion 50 milj. VC Investments in seed and start-up/early stage Circa 2 billion 6 billion 60 milj.
  9. 9. BUSINESS ANGEL OFFERS Private investments made in unlisted early-stage companies aiming for high-growth and looking for private investors. Knowledge Active Networks Capital Passive
  10. 10. ANGEL-FUNDED FIRMS ARE MORE LIKELY TO ✓  ✓  ✓  ✓  survive longer raise additional financing show improved venture performance and growth benefit from features like mentoring and networks
  11. 11. HIGH-RISK INVESTMENTS 10% succeeds well 40% payback 50% fail GROUP INVESTING SYNDICATION First angel investments are recommended to be done in a group to gain experience and share risk. www.fiban.org/syndication
  12. 12. PROFITABILITY
  13. 13. BUSINESS ANGEL INVESTMENT
  14. 14. BUSINESS ANGEL INVESTMENT EXIT GROWTH INVESTMENT SCREENING Evaluation Due diligence Agreement Negotiation Solo vs. group Contract Knowledge Networks Capital Average angel investment last 8 years. Investor goal! Sale/Banckruptcy
  15. 15. ANGEL INVESTMENTS •  Average investment 20 000 € •  Scale 5000 – 1 000 000 € •  Usually several investment rounds Round 6 Company results Round 1 Round 5 Round 2 Round 4 Round 3 Investment amount grows during time Risks and profits decline
  16. 16. ANGEL INTEREST? Several things matter but two crucial factors: •  SCALABILITY Is the idea scalable? International potential? Growth hunger? •  TEAM A-team with a B-product is better than a B-team with an A-product.
  17. 17. STARTUP PROCESS SUBMIT SCREENING PITCH INVESTMENT/ SYNDICATION www.fiban.org/submit •  Free-of-charge •  Includes investor feedback •  Links to growth resources •  Visible for 3 months ca 1 week •  Companies chosen to pitch •  In cooperation with Finnvera ca 3 weeks •  Short presentation to wake investor interest •  Sector-based and regional events ca. 6 weeks •  Investor evaluation (due diligence) •  Alone or in group •  Capital and/or sweat equity (knowledge) ca 2 – 4 months
  18. 18. VALUATION •  Rule of thumb –  Healthy business idea –  Proof of concept –  Skillful team –  Management / Owner/ Advisor 100 000 €. 100 000 €. 100 - 200 000 €. 100 000 €. –  Business validation (sales) •  Comparison to other companies and markets –  Previous investments –  Company value of succesful companies •  Prognoze of expected cashflow 100 000 €.
  19. 19. GET CONNECTED www.fiban.org/submit •  Free of charge, screening every 2nd week •  Direct visibility to all of FiBAN’s business angels •  Goal to give feedback to every case and give pitch opportunity www.fiban.org/events •  Find out where and when our angels are around www.fiban.org/presentations •  Useful stuff to prepare yourself with angel meetings www.fiban.org/newsletter
  20. 20. HIGH-GROWTH PARTNERS
  21. 21. CONTACT BOARD 2014 Riku Asikainen, pj. Jaakko Salminen, vpj. Anne Berner Juha Kurkinen Aarne Sipilä Pekka Vartiainen REGIONAL ANGELS Petri Lehmuskoski, Turku Olli-Pekka Kulmala, Tampere Kari Ollila, Pori Raimo Kuismin, Oulu Ari Korhonen, Lappeenranta Sami Etula, Jyväskylä ADMINISTRATION Jan Oker-Blom, MD jan@fiban.org (+358)405517551 Claes Mikko Nilsen, Coordinator claes.mikko@fiban.org (+358)504913001 BECOME AN ANGEL MEMBER? www.fiban.org/join SUBMIT PITCH www.fiban.org/submit
  22. 22. www.fiban.org claes.mikko@fiban.org +358 504913001 @claesmikko

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