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The Truth About Angels

• Informal private investor with smart money
  (financeexpertise)
• Investment 30 000 - 300 000 euro
• Willing to share their managerial skills.
• Often prefer to invest in their region of
  residence
• Seeking profit, patient investors. 3 to 4 years.
  30 return.

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BA FINANCING
GROWTH
CAPITAL NEEDS
IPO
HIGH RISK
Formal Venture Capital
Business Angels
LOW RISK
Friends, Family, Fools
TIME
SEED
START-UP
EARLY GROWTH
SUSTAINED GROWTH
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Some Data on US

• 350.000 Angels
• Invest aprox 30 - 40 Billion every year over
  50.000 ventures.
• One investment around 100.000 to 2 million.
• Venture Capital Funds invested in 2001 36.5
  Billion.
• 3.928 Deals ? 9.3 million per deal.

Center for Venture Research University of New
Hampshire
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Some data on UK

• 346 BA registered
• Total invested 30 Million.
• BA market has no falled after the  Bubble  as
  VC did.

Report on business angel investment activity
2000/2001. Professor Colin Mason. Strathclyde
University
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BUSINESS ANGEL NETWORKS

• Private or semi-public bodies whose aim is to
  match entrepreneurs looking for equity with
  Business Angels
• Ban can operate localy, regionaly, or at national
  level. They need a critical mass in terms of good
  project and angels.
• Services provided by bans. Creating awareness
  identification BA Assistance Entrep Matching.
• Tools of BANS Organisation investments clubs,
  forums Information bulletins, magazines
  Internet, database Personal introductions.

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FUNDING OF BANS

• Matching is only the visible part of Ban
  activities, lot of the time devoted to make the
  entrepreneur investment ready and to disseminate
  the concept in the region.
• Banco Ambrosiano (I)-Deutsche Bank, Venture
  Capital Association (D). DTI banks (UK)
• Fees charged.
• Need for public support.

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BANS BY COUNTRY
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The Future of BA Market

• Syndicates Angels alliances
• Electronic Networks
• Integrated Finance Incubators/
• Spin-offs, Universities/ Industrial Parks.

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Thank you for your attention

• Monica REINO
• EUROPEAN BUSINESS ANGEL NETWORK
• Avenue des Arts 12, bte 7
• B- 1210 Brussels
• T. 32 (0)2 218 43 13
• F. 32 (0)2 218 45 83
• info_at_eban.org
• www.eban.org

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