business concept 2 3d - tkbb...us – 1.250.000 business angels 20 billion usd / 210.500 usd per...

YOURLOGO IFFS l INTERNATIONAL FORUM ON FINANCIAL SYSTEMS l September 2013 l Istanbul, Turkey 1

Angel Investment a s a n a l t e r n a t i v e t o o l f o r

f i n a n c i n g s t a r t - u p s o f

E n t r e p r e n e u r s h i p E c o s y s t e m

Sustainable finance for sustainable development

YOURLOGO

Entrepreneurial Ecosystem

Business Angels are where mostly others are not

Lawyers Accontants

Mentors Advisors

Local, Regional, National

Parents, teachers, professors, incubators, accelerators

IFFS l INTERNATIONAL FORUM ON FINANCIAL SYSTEMS l September 2013 l Istanbul, Turkey

Start-up, High-growth, SME

2

YOURLOGO

WBAA Definition :

Business Angel / Angel Investor is an individual investing his or her own money into a entrepreneur’s company in a minority position of equity without expectation interes, dividends or tax breaks, who provides time as well as money for long term capital gain.

IFFS l INTERNATIONAL FORUM ON FINANCIAL SYSTEMS l September 2013 l Istanbul, Turkey 3

YOURLOGO

Matchmaking the entrepreneur with the angel investor

Dealing with public policy

3 main definitions

WBAA

EBAN

ACA

Putting money to the pool Filling the equity gap

Mini VC

Partners of business angels

BUSINESS ANGEL ANGEL GROUPS/SYNDICATES EARLY STAGE FUNDS

BUSINESS ANGEL NETWORK BUSINESS ANGEL ASSOCIATION

Key Terms


YOURLOGO

4 main all over the world :

WBAA

EBAN

BANSEA

LAAI

6 continents

ACA – US

CANADA

EUROPE

ASIA

AFRICA

AUSTRALIA

SOUTH AMERICA

Halo Report : A quarterly research report in US

ACEF – Angel Capital Education Foundation

Silicon Valley Bank

CB Insights

US – 250.000 business angels

20 billion USD /

210.500 USD per round

EUROPE – 75.000 business angels

4 billion EUR /

165.000 EUR per round * 2011 EBAN Data

1. 25 % of first applications are separated for deep screening

2. 30 % of screened applications are invited for pitching

3. 30 % of pitchings are invited for investment meeting

4. 50 % a get business anngel investment after due-diligence and negotations

Result :

1,2 % of entrepreneurs geto business angel investment

DATA COLLECTION HOW MANY %

REGIONAL ASSOCIATIONS NATIONAL ASSOCIATIONS

Key Figures


YOURLOGO

Business Angel finances start-ups

Formula is so simple

VC = Financial Capital

The most difficult area for entrepreneur

BA = Financial Capital + Social Capital


YOURLOGO

,,Following the recent financial crisis and continued difficult economic environment, business angels have been playing an important role in filling financing gaps left by banks & venture capital firms ‘’ OECD Report - 2011


YOURLOGO

Business Angel

His own money

Hands are on business

His network + know-how

Former or still entrepreneur

2 Hours Drive Investments

Business Angel & Venture Capitalist

main differences

Venture Capitalist

Other’s money

Member of the board

Just financial capital

Professional as banker

National & International Investments



Cross-border Deals


Impact Investing

YOURLOGO IFFS l INTERNATIONAL FORUM ON FINANCIAL SYSTEMS l September 2013 l Istanbul, Turkey

2009

Investments by business angel networks/groups Amount invested in USD millions – OECD Report - 2011

450

400

100 9050 40 35

0

50

100

150

200

250

300

350

400

450

500


BAN investments by sector

Inf & Com Tech

Biotech & Health

Cleantech

Manufacturing

Finance

Other

% 40 % 48 % 38 % 20 % 25

% 22 % 19 % 28 % 26 % 18

% 12 % 10 % 1 % 11 % 12

% 11 % 8 % 1 % 1 % 16

% 5 % 4 % 5 % 4 % 3

% 10 % 11 % 27 % 38 % 26

Australia Canada New Zealand US EU

As percentage of amount invested

OECD Report 2011

YOURLOGO

Female Angel Investors - 2009 US : 13 % EUROPE : 5 % / 2010 40 % Female entrepreneurs in Europe


Unıted States

France

Europe

Unıted Kingdom

Italy

% 11

% 6

% 4

% 3

% 2,5


Business Angels in North America

2 countries

US

Canada

USA

Canada

Hawaii

USA (Alaska)


Europe

Belarus

Finland

Sweden

Norway

Poland Netherlands

Belgium

United Kingdom

Ireland

Iceland

Spain

Portugal

France

Switzerland

Italy

Austria

Slovenia Greece

Luxembourg

Malta

Serbia

Germany

Denmark

18 countries

Austria

Belarus

Belgium

Denmark

Finland

France

Germany

Greece

Ireland

Italy

Luxembourg

Malta

Netherlands

Norway

Poland

Portugal

Serbia

Slovakia

Spain

Sweden

Switzerland

Turkey

United Kingdom

Turkey


Asia & Middle East

6 countries

Russia

China

Singapore

India

Israel

Japan

Russia

China

Israel

Singapur India

Japan


Australia

2 countries

Australia

New Zealand

Australia

New Zealand


South America

12 countries

Argentina

Bolivia

Brazil

Chile

Colombia

Costa Rica

Domician Republic

El Salvador

Mexico

Panama

Peru

Uruguay

Brazil

Bolivia

Paraguay

Uruguay

Argentina Chile

Peru

Colombia

Falkland Islands


World-wide Regional Federations - 2012

WBAA

EBAN

BANSEA

LAAI

2009 World Business Angels Association

1999 European Business Angels Network

2001 Business Angels Network of South East Asia

2011 Business Angels Assoc of Latin America

bringining existing & aspiring associations together to learn from each other

YOURLOGO

WBAA

World Business Angels Association, Brussels, Belgium

President : John May

Web Site : wbaa.biz

Secretary General : Claire Munck, [email protected]

Member Countries : 13

Promote the professionalization of the angel market through the set up of angel groups and associations

Identıfy and spread of best practice at international level

Identify of global successes supported by business angels

Support entrepreneurship worldwide

Improve knowledge about business angel activities

Coordinate research produced on the angel market worldwide


YOURLOGO

EBAN

European Trade Association

for Business Angels, Seed funds and other market players, Brussels, Belgium

President : Paulo Andrez

Web Site : eban.org

Director : Chiara de Caro, [email protected]

Member Countries : 27 countries – 115 members

Represent the early stage invest in Europe

Identify and share best practice

Promote the role and visibility of business angel networks in Europe

Support the emergence of professional structures and quality standards across Europe

Support the internationalisation of the angel and early stage industry


YOURLOGO

EBAN – 27 countries – 115 members



Finland - 2011 France - 2001

Spain 2004 / 2008

Turkey 2011

Russia – 2006 / 2009 US - 2004 Chile - 2004 Israel 2008

Australia - 2007 UK / Scotland - 1993 Netherlands - 2009 France - 2001

New Zealand - 2008

Germany - 2000

Portugal 2006 / 2007

Angel Associations & Federations Around the World


Angel Associations & Federations Around the World

Italy - 1999 UK / England 2004 China - 2008


Some Practises of Angel Investment - Europe

Best Tax Incentives % 75 % 30 % 25 % 20 Tax Relief

Some Co-investment Funds

2003 Scotland

2011 UK

2009 2005 2003

YOURLOGO

Training Programmes for Business Angels & Entrepreneurs

1st phase

Skills needed until making an agreement with entrepreneur / business angel:

Finding an entrepreneur / business angel

Making pitching / evaluating pitching

Company valuation

Due Diligence

Term Sheet

2nd phase

Skills needed after making the agreement :

Team work

Exit strategies


YOURLOGO

Training Programmes for Business Angels & Entrepreneurs & BAN Managers

EBAN Institute – for BAN Managers & Seed Fund Managers

Winter University / every November

Base Training / every April Could be organised in your home country on demand - [email protected]

READY FOR EQUITY – for Business Angels & Entrepreneurs

EU funded project led by UK based Finance South East in 2006

Complete curriculum for independent use

www.readyforequity.eu

ACEF – The Angel Capital Education Foundation

PAI – Power of Angel Investing

www.angelcapitaleducation.org


YOURLOGO

Self-study Recommendations

EBAN Tool Kit – [email protected]

Financing High-Growth Firms

The Role of Angel Investors

OECD Report – oecdbookshop.org

Finding an Angel Investor

By the Planning Shop & Joseph R.Bell – amazon.com

Winning Angels

By David Amis & Howard Stevenson – amazon.com


YOURLOGO

World Wide Media Support for Angel Investment

Angel Investment & Entrepreneurship TV Show Programme by Sony Pictures

For replacing the placeholder text you need to click on the placeholder text and insert your own text.

This is a placeholder text. This text can be replaced with your own text.


Dragons’ Den in Europe & Canada / Sharks’ Tank in US

BBC2 – BLOOMBERG HT – CBC - RTE

29

First Broadcast Country

06 Oct 2001 Japan

04 Jan 2005 UK

14 Nov 2005 Australia 05 May 2006 Ukraine

14 May 2006 Russia

07 Jul 2006 Israel 31 Aug 2006 New Zealand 04 Oct 2006 Canada

11 Jan 2007 Romania 16 Mar 2007 Holland 20 Jun 2007 Lebanon 27 Sep 2007 Finland 27 Jul 2008 Nigeria 19 Feb 2009 Ireland 01 Apr 2009 Czech Republic 23 Apr 2009 Sweden 03 Aug 2009 USA

17 Sep 2010 Turkey 22 Dec 2010 Saudi Arabia 06 Mar 2011 Poland 16 Apr 2012 Canada (French speaking)

YOURLOGO

Economic Development

A brief summary of Rudy Aernoudt from EBAN Winter University

Step 4 Wealth Creation

Step 3 Later-stage VC Financing

Step 5 Local Angel Capital

Step 1 Local Entrepreneneurial

Activity

Step 2 Early-stage Angel

Financing


YOURLOGO

„All the programmes and policies put in place to build an entrepreneurial economy won’t have an impact if only a small proportion of population in a country want to be

entrepreneurs.“ OECD Report, 2011


YOURLOGO

Thank you!

EBAN The European Trade Association for Early Stage Market Players Baybars Altuntas

Contact

Rue Vautier 54, 1050 Brussels Belgium Phone: +32 486 38 01 45 Phone: +90 212 292 1090 Email : [email protected] @baybarsaltuntas www.baybarsaltuntas.com

www.eban.org


business concept 2 3d - tkbb...us – 1.250.000 business angels 20 billion usd / 210.500 usd per...

Documents