Executive Business Angel Network Managers Bootcamp
Statistics show that only 1.2% of Entrepreneurs are able to reach angel investor finance. One in every ten entrepreneurs who reached angel investor money is becoming very successful. So, smart angel investor prefers putting his/her money to different entrepreneurs to reduce the risk of failure. In order to make investment in such a strategy, then angel investors should find the angel investors to fill the rest of the investment entrepreneur needs. So, angel investors come together and create angel investor groups ( Business Angel Networks ) and invest together.
Angel investors, whether investing alone or through a group, typically take a portfolio approach to investment in that they invest in several companies over their investment horizon. This allows them to diversify risk, knowing that a large portion of the companies will not succeed while some will. Of course they hope that one or two will be huge winners as those are the deals that can generate high returns and cover loses of the firms that don’t make it.
Another aim of a BAN ( Business Angel Network) is to facilitate the matching of entrepreneurs (looking for venture capital) with business angels. BANs tend to remain neutral and generally refrain from formally evaluating business plans or angels. Angels continue to make their own individual investment decision, and the BAN does not decide which investors will invest in a deal. BANs also often provide a number of added value services to both angels and entrepreneurs, such as investor/investment readiness, syndication opportunities, etc.
Business angel networks (BANs) play a match-making function between angel investors and entrepreneurs – they do not invest directly themselves (EBAN, 2006). BANs help to make the investment process more efficient by connecting angels wanting to invest with other players in the local ecosystem (incubators, VCs, development agencies, banks, stock exchanges and others) and, most importantly, with entrepreneurs looking for capital (EC, 2002). One of the most important and basic roles of BANs is to give visibility to the angel activity in a region, and therefore serving as “front door” for entrepreneurs looking for financing, without necessarily giving individual visibility to the angels, who often prefer to keep a low profile.(OECD Document)
The objective of the course is to introduce the best management strategies for a business angel network. Business Angel Network Managers are welcomed to follow this basic course to have an idea about the structure of a good runnining business angel network.
For anyone new to Business angel network management, this was an invaluable training session covering the most important aspects to begin founding and running a Business angel network– avoiding many of the pitfalls new Business angel network managers often make.
Day 1: An overview of Angel Investment
- What is angel investing?
- Who are angel investors?
- Why is angel investing important?
- What are the advantages of creating or joining an angel network?
Day 1: Getting Started: Community Assessment
- Assessing the potential angel community
- Assessing the entrepreneurial pool
- Assessing the entrepreneurial infrastructure
- Assessing service providers
- Assessing follow-on funding
- Assessing regulatory environments
- Reviewing your assessment
Day 2: Building the Framework for Your Business Angel Network
- Determination of membership and culture
- Setting up the organisational structure
- Legal structure options
- Investment structure
- Funding your business angel network
Day 3: Launching Business Angel Network Operations
- Recruitment of the BAN manager
- Communications with members and potential members
- Background / educational needs
- Time commitments
- Meeting structure
- Collaboration with other angel groups
- Promotions / public relations
Day 4: Identifying Deals and Investing
- Deal sourcing
- Deal screening
- Company presentations
- Due diligence
- Investment terms and negotiations
- Liability and risk exposure
Day 4: Follow-on Relationships and Activities
- Board seats
- Access to information
- Tracking investments
- Role of angels in exits and follow-on financing
- Legal concerns
- Measuring success
Day 5: Documents to be used by Business Angel Networks
- Revenues and expenses worksheet
- BAN Membership Information
- BAN Membership Agreement
- BAN Membership Survey
- BAN Member Responsibilities
- Funding Application
- Screening Committee Worksheet
- Issues to Consider in Due Diligence
- Due Diligence Checklist Table
- Sample Term Sheet
- Guidance Note on Sample Term Sheet
- Mentorship for Equity Contract Template
Who should attend?
This is an ideal course for:
- Professionals of the acceleration and incubation centers
- Professionals of technoparks
- Any one who wants to set up a Business angel network
- Anyone who wants to create a Business angel investment group by using his/her own network
- Anyone who wants become a Professional Business angel network manager / executive
Participants of the course are going to take a final exam at the end of the course. Following certificates will be given depending on the final exam score:
- 0 – 70: Attendance Certificate to Executive Business Angel Network Management Course
- 71 – 89: Success Certificate ‘’ Business Angel Network Manager’’
- 90 – 100: Success Certificate ‘’ Executive Business Angel Network Manager’’
Time: 5 Days
Registration fee: 4500 EUR
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