Equity Gap provide an overview of the types of companies they invest in and where they have invested recently

1. Jock Millican
Hillington Park Innovation Centre
11th Sept 2014

2. What Investments Interest Equity Gap?
Investments that will make a return (with a clear exit plan)
The people running the business
Opportunities where the investment will facilitate a step change in the business
Intellectual Property
Businesses at or near revenue

3. Key Questions Business Angels Have
What is the market size / competitors
What are the key people like
How are they going to get to market
What is unique about the business/product?
What is the Exit Plan?
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Equity Gap

4. What the Business Angels will want
Board Representation
Ownership (20-45%)
Input to the Business
Costs paid by Business
Legal Clauses

5. Typical Process
Send Business Plan
•‘Short BP’ – keep full one for later
•Max 4 pages
•Will be one of many plans read by all members
Find a Business Angel
•LINC
•Word of mouth
•Talk to the Gatekeeper
Plan is Reviewed
•Plan is circulated around members
•Remember that each investor could be sent 10-20 each month
•If sufficient members show interest then…
Present to Syndicate
•20 mins presentation
•20 mins Q&A
Due Diligence
•Discussion amongst investors
•Questions by email
•Possibly further presentation
•Detailed Due Diligence
Investor Decision
•Individual investors decide whether to invest
Legals
•Shareholders Agreements
•Memo & Articles
•etc
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Equity Gap

6. Summary
If you get an opportunity to start a business of your own take it – most exciting and scary thing you will do
Find a business angel to help you through the process
19/6/2014
Equity Gap