Angel Investment - Enterprise Angels.

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  • Many of these are associated with / owned by Universities that provide substantial funding / supportOur model is favoured by Bill Payne – commercial, driven by Angels themselvesSee many qualified investment opportunitiesRisk mitigationUse a consistent, robust processWant to learnWant to make a difference
  • Not for Profit Incorporated SocietyScreening committee32 Members include: Neil Craig, Alan Bougen, Dave McFarlane, Bill Capamagian, Craig Greenlees, Des Ferrow, Rob & Grant Jeffrey
  • Business Plan or Information Memorandum that clearly communicates the investment opportunity, the product, market and business. In other words, how you will make money. Do you have full (Profit & Loss, Balance Sheet and Cashflow) financial statement projections (minimum 3 years) that are consistent with the Business Plan / Information Memorandum. Is your investment statement clear i.e. % of shares offered for $X. Have you valued the company. What valuation approach have you used and is that included in your documentation.
  • Angel Investment - Enterprise Angels.

    1. 1. Enterprise Angels <br />Successful Product Development Workshop<br />25thMay 2011<br />
    2. 2. What is Angel Investment<br />Seed/Angels<br />Founder/ Family/ Friends<br />Venture Capital<br />Private Equity<br />Extreme risk<br />Conceptual<br />Small scale<br />Emotional<br />Independent/single deals<br />High risk<br />Established<br />Larger scale<br />Professional<br />Pooled/portfolio<br />Private Equity Continuum<br />
    3. 3. <ul><li>Angel Past</li></ul>Cottage Industry<br /><ul><li>Angel Today</li></ul>Developing Industry<br /><ul><li>Angel 2012</li></ul> Professionalised part of the private capital markets<br />Angel Investing in NZAn emerging structured industry<br />
    4. 4. Angel Association of NZ Members<br />
    5. 5. Enterprise AngelsContact Us <br />Who is an Angel?<br />“Eligible Person”<br />Experienced in business and early stage investing<br />Adds more than money<br />Will make multiple early stage investments with other Angels<br />
    6. 6. Enterprise AngelsContact Us <br />What’s an Angel Deal?<br />Shares - does not want 50%+ of your business!<br />Stage – just pre revenue<br />Valuation - $500K to $1M<br />Involvement – generally Board level<br />Deal killers – uncoachable, unrealistic, unprepared<br />
    7. 7. Enterprise AngelsContact Us <br />Enterprise Angels<br />Invested $2.36M in 5 deals to date<br /><ul><li>Have screened and advised 100’s of local businesses</li></ul>Meet bi-monthly<br /><ul><li>Extensive Education programme </li></ul>40% of businesses that pitch are from BOP<br />Board includes Neil Craig, John McDonald<br />
    8. 8. Enterprise AngelsContact Us <br />How It Works<br /> Apply – supplying business plan, financial projections<br /> Screened<br /> If need further assistance referred to professional advisors<br /> Prepare 15 minute pitch for EA member meeting<br /> 6% success fee charged on funds raised<br />
    9. 9. Enterprise AngelsContact Us <br />What Investors Are Looking For<br />The People<br /> CEO/Team 25%<br /> Market need<br /> Painkiller or vitamin? 15%<br />Product<br /> Well designed – compelling 10%<br /> Sustainable advantage<br /> Barriers/first mover/strategic partners 15%<br /> Valuation<br /> Reasonable for stage 20%<br />Recognition as a key supporter<br />
    10. 10. Get in Touch -<br />Earlier the Better<br />

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