Funding your Business Development
John Phelan
Halo Business Angel Partnership
September 2014
Halo Business Angel Partnership
What We Do
• Match companies seeking funding with investors who are actively seeking to invest in start-up and early-stage companies
• Match on the basis of funding and skills requirements (Smart Money)
• 600+ angel investors registered nationally• 700+ companies registered and presented to the network• ICT start-ups most common – other sectors also
www.businessangels.ie
• 2010- Mark Little- Presenter of current affairs program with local RTE TV station
• Storyful worked with Dublin BIC, to sharpen the value proposition• Filtering & curating “News from Noise” - easier story to tell and sell!
• Raised initial round of €430K
• One HBAP angel committed very early- His rationale was that he liked Mark and believed that the second promoter in the USA could open doors to the newsrooms and then Mark could sell it!
• Subsequent rounds totalling €3 million
• Storyful was sold to Rupert Murdoch’s News Corp for €18 million in December 2013
Case study – Storyful- News from Social Media
• Total Number of Deals - 148 (to 31/3/2014)
• 85% survival Rate
• Total invested - €65,485,000 (Average investment €442k)
• Angel investment - €25,878,000 (average €175k)
• Average employees - 10.3 (up from 2.5 at time of investment)
Impact
o Ambitious, growth-orientated companies
o Grounded in reality
o Good promoter(s)/credible management
o With a good business proposition
o Investor Ready Business Plan
o Realistic about what is involved in attracting investment
o Understand the voyage to be undertaken!
o Respect the INVESTORS Capital
What Angels want
Observations
• Respect the Investor’s money
• Respect the Market
• Balance Entrepreneurial spirit & vision with reality
• Engage the market asap
• Surround yourself with experience – “you cannot live long enough to make all the mistakes yourself”
• Embed a “Marketing Centric” philosophy• Goal: Sustainable competitive advantage• VALUE Proposition
Process• Register
• Application Form on www.businessangels.ie• Submit Investor Ready Business Plan• 1-page overview prepared for company sign-off• Ready to engage with Investor Base
• Via Electronic Circulation• Investor Forum – 3 companies present, 14 angels
• Timing?• 2 months to 6 months
• Post-investment• Some attend board meetings and are hands-on .....others less so
Give me a call 01-410 0818 or e-mail me
Go for a coffee, Register- If we can add value
Circulate or Forum (Dragons Den without the drama)
E-mail- [email protected]
How to apply?
www.businessangels.ie
Thank you
Halo Business Angel Partnership
