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September 2014

Halo Business Angel Partnership. September 2014. John Phelan. Funding your Business Development. 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

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September 2014

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  1. Halo Business Angel Partnership September 2014 John Phelan Funding your Business Development

  2. Halo Business Angel PartnershipWhat 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

  3. Case study – Storyful- News from Social Media • 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

  4. Impact • 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)

  5. What Angels want • Ambitious, growth-orientated companies • Grounded in reality • Good promoter(s)/credible management • With a good business proposition • Investor Ready Business Plan • Realistic about what is involved in attracting investment • Understand the voyage to be undertaken! • Respect the INVESTORS Capital

  6. 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

  7. 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

  8. Give me a call 01-410 0818 or e-mail meGo for a coffee, Register- If we can add valueCirculate or Forum (Dragons Den without the drama)E-mail- johnphelan@businessangels.ie How to apply? www.businessangels.ie

  9. Halo Business Angel Partnership Thank you

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