Halo green expo

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Halo green expo

  1. 1. Raising Funds from Angel Investors Diane Roberts, National Director
  2. 2. Who is HBAN? • HBAN is an all-island business angels network targeted at investors looking to meet and invest in high potential, early stage enterprises. • Joint initiative Intertrade Ireland and Enterprise Ireland. • €5.7m -> 20 start-ups • HPSU’s
  3. 3. So you are thinking about raising funds?
  4. 4. Funding Options! Self fund easy, fast, stressful Grants slow, tedious, no dilution Friends & Family loan or equity Angel equity, added value VC equity, added value Banks need traction
  5. 5. Recognise, that this will not be easy! •Do you really need funding? •How much you need? • VC or Angel? •Many will fail
  6. 6. THE POINT? To do or not to do, there is no ‘trying…’
  7. 7. VC’s and Angels – The difference! • VC’s invest other peoples money! • Angels invest OWN money • Different Motivations • Still want to make money!
  8. 8. What do HBAN do? ‘increased number of formal Angel Syndicates improved education of Angel leaders improve the efficiency of the Business Angel improving the long term sustainability of SMEs who have received funding.
  9. 9. What do Angels look for?
  10. 10. How do you approach Angel investors?
  11. 11. Goal of 1st Meeting? To get the second Meeting!
  12. 12. What to look for in an investor? • Money! • What else do they bring? • Domain/sector expertise? • Experience? • Contacts? • Relationship • What will happen when I miss my forecast, lose a contract etc? • Chairman/director - other added value?
  13. 13. Tips!
  14. 14. Before you start! 1page teaser doc, exec summary Investor Presentation- 10 mins Full business Plan Full revenue model Use of Proceeds Due diligence – references etc.
  15. 15. How can HBAN Help! • Decide if ready for funding? • 1 page template • Meet and understand your needs • Circulate it to regional Halo Groups • Syndicate groups
  16. 16. Q & A? Diane Roberts National Manager, diane@hban.org 01-6650420

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