Finding An Angel Investor

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How do you find a business Angel? they do a good job of staying invisible. So what companies and strategies work and don't work. Secondly once you have found one, how do you work with them.

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  • Finding An Angel Investor

    1. 1. NICK HALSTEAD Founder & CEO @nickhalstead #INTRO
    2. 2. QUICK BACKGROUND Initial Investment Oct 07 £150,000 1x Angel Second Round Jan 09 £500,000 10x Angel, 1x Institution, LOTSx Hassle #BACKGROUND
    3. 3. WHY? •YOU WANT CASH •EXPERIENCE •QUICK TURN AROUND (cough) •LESS DUE-DILIGENCE •CONNECTIONS
    4. 4. WANTED TO FIND
    5. 5. STARTED HERE
    6. 6. FINDING AN ANGEL
    7. 7. FINDING AN ANGEL LIKE INVISIBLE MAN (AT THE START) THEY DO NETWORK THEY KNOW EACH OTHER
    8. 8. PAY TO PRESENT The Good, The Bad, The Ugly
    9. 9. 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/
    10. 10. HIRE A SHARK BEST TO AVOID BEING EATEN
    11. 11. MATHS IS FUN? •5% to your shark •5% to the angel network •£250,000 investment •= £25,000 in fees!
    12. 12. YOU ARE AN ENTREPRENEUR BE INNOVATIVE •NETWORK IN RIGHT PLACES •MAKE YOURSELF EASY TO FIND •SELF PROMOTE CONSTANTLY •BLOGGING, TWITTER, etc..
    13. 13. BUILDING A BOOK DEALING WITH [n] x ANGELS
    14. 14. BUILDING A BOOK • PRO’S • CASH BEYOND EQUITY GAP • GREATER ACCESS TO CONTACTS • CON’S • TAKES TIME • COMPLEX PAPERWORK • CAN GANG UP ON YOU
    15. 15. HERDING CATS
    16. 16. A QUICK STORY HOW 2 BECAME 1
    17. 17. SUMMARY •BUILD PLAN OF HOW TO FIND •GET ON WITH YOUR ANGEL •VALUATION IS WHAT YOU MAKE IT •GET A GOOD LAWYER
    18. 18. NICK HALSTEAD Founder & CEO @nickhalstead

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