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The Finnish Business Angels Network (FiBAN) is a national, non-profit association of private investors that aims to improve the possibilities for private persons to invest in unlisted potential growth companies. The association’s work is based on the activity by private investors and cooperates with networks supporting high-growth goals. Submit your pitch: www.fiban.org/submit Become an business angel member: www.fiban.org/join More info: www.fiban.org/submit
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BUSINESS ANGEL NETWORK Activity and members
FiBAN is a association of private investors that aims to improve the possibilities for private persons to invest into unlisted potential high-growth companies. • A non-profit, private investor driven
association • Deal flow and investor match-making • Inspires investment syndication • Trainings and seminars • Best practices and guidance
BUSINESS ANGELS Business angels are private individuals who invest their own money in high potential startups in exchange for a share in the company, and also contribute their expertise in business management and their personal network of contacts. www.eban.org
VIDEO www.fiban.org/video
BUSINESS ANGELS OFFER
Knowledge Networks Capital
Active
Private investments made in unlisted early-stage companies aiming for high-growth and looking for private investors.
Passive
WHY INSPIRE ANGELS?
• 4.8% of all Finnish companies are high-growth companies, these companies create +50% of all new jobs!
• There are approximately 300-600 companies aiming for high-growth !
FINNISH HIGH-GROWTH
TOPIC
Angel-funded firms are more likely to ✓ survive longer ✓ raise additional financing ✓ show improved venture performance and
growth ✓ benefit from features like mentoring and
networks
HIGH-RISK INVESTMENTS Syndication shares risk First angel investments are recommended to be done in a group to gain experience and share risk. • 1/20 succeeds with 88%
approx.
• 1/10 succeeds 66% approx.
10% Succeeds well
40% payback
50% Fail
www.fiban.org/bisnesenkelisijoittajaksi
ANGEL NETWORK
ANGEL NETWORK STATISTICS
EUROPE US FINLAND Networks 400 340 3
Estimate # of angels 75k 259k 500
Total estimate invested annually by angels (€) 3-4 billion 18 billion 50 milj.
VC Investments in seed and start-up/early stage
Circa 2 billion 6 billion 60 milj.
STARTUP PROCESS
• Free-of-charge • Includes investor
feedback • Links to growth
resources • Visible for
3 months
• Companies chosen to pitch
• In cooperation with Finnvera
• Short presentation to wake investor interest
• Sector-based and regional events
INVESTMENT/ SYNDICATION
• Investor
evaluation (due diligence)
• Alone or in group
• Capital and/or sweat equity (knowledge)
PITCH
SCREENING
SUBMIT
ca 1 week
ca 3 weeks ca. 6 weeks
www.fiban.org/submit
ca 2 – 4 months
ANGEL SERVICES
Ref-accreditation www.fiban.org/ref
Sector based angel groups www.fiban.org/sector-based-groups
Investor profiles www.fiban.org/business-angels
Best practices www.fiban.org/bestpractices
Investment tools www.fiban.org/tools
www.fiban.org/services
Deal flow www.fiban.org/dealflow
ANGEL EVENTS
PITCH New deal flow presentation
SYNDICATION PITCH Syndicated follow-up investments
PITCH INDUSTRY Sector based presentation
SCREENING Evaluation of new deal flow
BREAKFAST For new and interested BAs
www.fiban.org/events
HIGH-GROWTH PARTNERS
CONTACT BOARD 2014 Riku Asikainen, pj. Jaakko Salminen, vpj. Anne Berner Juha Kurkinen Aarne Sipilä Pekka Vartiainen REGIONAL ANGELS Petri Lehmuskoski, Turku Olli-Pekka Kulmala, Tampere Kari Ollila, Pori Raimo Kuismin, Oulu Ari Korhonen, Lappeenranta Sami Etula, Jyväskylä
HALLINTO Jan Oker-Blom, MD [email protected] (+358)405517551 Claes Mikko Nilsen, Coordinator [email protected] (+358)504913001 BECOME AN ANGEL MEMBER? www.fiban.org/join SUBMIT PITCH www.fiban.org/submit
www.fiban.org
