There are approximately 7,000 active business angels and 10,000 novice angels in the Netherlands, with most investments going to ICT/IT, health, and high-tech sectors. Only 5% of business angels are female. Disruptive innovations that are high risk are usually funded through equity like angel investments or convertible loans, which can then transition to VC funding. Less risky incremental innovations for SME startups are more likely to receive debt funding, like crowdfunding or bank loans, and grow internally. When seeking angel funding, entrepreneurs should have an excellent proposition and team, a feasible and scalable idea, potential for exit, and be open to coaching. Proper preparation of the investment process includes assessing personal

1. Dutch Business Angels market
René Reijtenbagh
8 Oktober 2018

2. Introduction
• Founder Business Angels connect
– Guido de Bie: legal advice
– Tonnie Coenen: corporate finance
– Remco Klaassen: grants and loans
– Partners Topsector Chemie, Topsector Agri-Food and EIT Health
NL/BE
– Co founder:

4. 4
Business Angels in The Netherlands
• 7.000 business angels
• 10.000 novice angels
• 5% female
• 10% visible market via BAN NL 2015
40 mio total 400 mio at least
• Dominant sectors ICT/IT, Health, High-Tech
• Cross border deals: US 8%, EU 5%

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Disruptive innovation  high risk  equity-based 
angel or equity CF (convertible loan)  VC Funding
(term A and B round)
Incremental innovation (SME startup)  lower risk 
debt based  crowd funding and bank  internal
growth
What to do?

9. An excellent proposition
Team?
Feasible? Scaleable?
Exit potential?
Coach, advice?
Proposition?
Market demand?
Solution?

10. Prepare the investment process
• Personal chemistry
• Business angel credentials
• Provide any information required
• Understand what the key issues are and What-if
scenario’s
• Understand the legalities and investment terms

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Thank you