NICK HALSTEAD
Founder & CEO
@nickhalstead
#INTRO

QUICK BACKGROUND
Initial Investment Oct 07
£150,000 1x Angel
Second Round Jan 09
£500,000
10x Angel, 1x Institution, LOTSx Hassle
#BACKGROUND

WHY?
•YOU WANT CASH
•EXPERIENCE
•QUICK TURN AROUND (cough)
•LESS DUE-DILIGENCE
•CONNECTIONS

WANTED TO FIND

STARTED HERE

FINDING AN ANGEL

FINDING AN ANGEL
LIKE INVISIBLE MAN (AT THE START)
THEY DO NETWORK
THEY KNOW EACH OTHER

PAY TO PRESENT
The Good, The Bad, The Ugly

PAY TO PRESENT
•UP FRONT FEE IS COSTLY TO MOST
•VERY FEW FOCUS ON SINGLE SECTOR
•THEY ‘CAN’ HELP YOU PRESENT
•EFFECTIVENESS IS QUESTIONABLE
British Business Angels Association
http://www.bbaa.org.uk/

HIRE A SHARK
BEST TO AVOID
BEING EATEN

MATHS IS FUN?
•5% to your shark
•5% to the angel network
•£250,000 investment
•= £25,000 in fees!

YOU ARE AN ENTREPRENEUR
BE INNOVATIVE
•NETWORK IN RIGHT PLACES
•MAKE YOURSELF EASY TO FIND
•SELF PROMOTE CONSTANTLY
•BLOGGING, TWITTER, etc..

BUILDING A BOOK
DEALING WITH [n] x ANGELS

BUILDING A BOOK
• PRO’S
• CASH BEYOND EQUITY GAP
• GREATER ACCESS TO CONTACTS
• CON’S
• TAKES TIME
• COMPLEX PAPERWORK
• CAN GANG UP ON YOU

HERDING CATS

A QUICK STORY
HOW 2 BECAME 1

SUMMARY
•BUILD PLAN OF HOW TO FIND
•GET ON WITH YOUR ANGEL
•VALUATION IS WHAT YOU MAKE IT
•GET A GOOD LAWYER

NICK HALSTEAD
Founder & CEO
@nickhalstead