Finnish Business Angels Network (FiBAN) is a national, non-profit association aiming to inspire private investments made in potential early stage companies.
FiBAN strives for high-quality deal flow by co-operating with various private and public growth supporting entities. FiBAN acts as a link between growth companies and investors by providing companies with direct visibility to investors and aims to facilitate investment rounds in general.
2. FiBAN is a association of
private investors that aims to
improve the possibilities for
private persons to invest into
unlisted potential high-growth
companies.
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A non-profit, private investor driven
association
Deal flow and investor matchmaking
Inspires investment syndication
Trainings and seminars
Best practices and guidance
3. 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
4. BUSINESS ANGELS
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Invest both knowledge and capital
Early-stage high-risk investors
Make both active and passive investments
Invest generally €10K- €100K per deal
6. FINNISH HIGH-GROWTH
• 4.8% of all Finnish companies are highgrowth companies, these companies
create +50% of all new jobs!
• There are approximately 300-600
companies aiming for high-growth yearly.!
9. BUSINESS ANGEL OFFERS
Private investments made in unlisted early-stage companies aiming for
high-growth and looking for private investors.
Knowledge
Active
Networks
Capital
Passive
10. ANGEL-FUNDED FIRMS
ARE MORE LIKELY TO
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survive longer
raise additional financing
show improved venture performance and
growth
benefit from features like mentoring and
networks
11. HIGH-RISK INVESTMENTS
10% succeeds well
40% payback
50% fail
GROUP INVESTING SYNDICATION
First angel investments are
recommended to be done in
a group to gain experience
and share risk.
www.fiban.org/syndication
15. ANGEL INVESTMENTS
• Average investment 20 000 €
• Scale 5000 – 1 000 000 €
• Usually several investment rounds
Round 6
Company results
Round 1
Round 5
Round 2
Round 4
Round 3
Investment amount grows during time
Risks and profits decline
16. ANGEL INTEREST?
Several things matter but two crucial factors:
• SCALABILITY
Is the idea scalable?
International potential? Growth hunger?
• TEAM
A-team with a B-product is better than
a B-team with an A-product.
17. STARTUP PROCESS
SUBMIT
SCREENING
PITCH
INVESTMENT/
SYNDICATION
www.fiban.org/submit
• Free-of-charge
• Includes investor
feedback
• Links to growth
resources
• Visible for
3 months
ca 1 week
• Companies chosen
to pitch
• In cooperation with
Finnvera
ca 3 weeks
• Short presentation
to wake investor
interest
• Sector-based and
regional events
ca. 6 weeks
• Investor
evaluation (due
diligence)
• Alone or in
group
• Capital and/or
sweat equity
(knowledge)
ca 2 – 4 months
18. VALUATION
• Rule of thumb
– Healthy business idea
– Proof of concept
– Skillful team
– Management / Owner/ Advisor
100 000 €.
100 000 €.
100 - 200 000 €.
100 000 €.
– Business validation (sales)
• Comparison to other companies and markets
– Previous investments
– Company value of succesful companies
• Prognoze of expected cashflow
100 000 €.
19. GET CONNECTED
www.fiban.org/submit
• Free of charge, screening every 2nd week
• Direct visibility to all of FiBAN’s business angels
• Goal to give feedback to every case and give pitch opportunity
www.fiban.org/events
• Find out where and when our angels are around
www.fiban.org/presentations
• Useful stuff to prepare yourself with angel meetings
www.fiban.org/newsletter
21. 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
ADMINISTRATION
Jan Oker-Blom, MD
jan@fiban.org
(+358)405517551
Claes Mikko Nilsen, Coordinator
claes.mikko@fiban.org
(+358)504913001
BECOME AN ANGEL MEMBER?
www.fiban.org/join
SUBMIT PITCH
www.fiban.org/submit