Today in the Department of Business, Enterprise and Innovation, the Government of Ireland, through Enterprise Ireland, and the European Investment Fund (EIF) announced the signing of an agreement to double the size of the existing European Angels Fund Ireland (EAF Ireland) to €40m.
HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and an initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland, today announces that it plans to recruit 50 new female business angel investors over the next three years.
For many angel investors, enabling change to make a positive impact for humankind is a driving force behind investment decisions. Even with the desire to drive this constructive change, it can be challenging for an investor to know where to begin. Deep technology is that space where meaningful change can be made while also positioning for potentially greater returns because of important economic trendsin several technology fields, with the understanding that there are significant risks associated with investing in this space.
Women are underrepresented in Angel investing around the world. It is estimated that in the UK women hold 45% of wealth but only 14% of UK Business angels are women1. In Ireland, this issue is more pronounced where only 6% of active angels within HBAN are women.
HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTrade Ireland, today announces that its MedTech Syndicate has led a €1.1 million Series A funding round in medical device start-up, Ostoform. HBAN Angels contributed €280,000, with venture capital investor, SOSV, Enterprise Ireland, and other angel investors making up the rest of the funding round.
As your angel career develops, and you start to build a larger portfolio of companies, you are increasingly asked to make follow-on investments. Not only do companies need investment to get off the ground, the faster they grow, the more cash they need. Whether to follow-on, and how to follow-on, are questions which have long given rise to angel debate. We’ll tackle that topic in depth here, but I’ll start out by confessing to bias right up front: Christopher and I are both believers that follow on investments are essential to achieving good returns. We firmly defend and negotiate for pro-rata rights to participate in future financings. Our overall perspective is that with your earlier checks you are basically buying options on a front row seat which comes with the right to add more “smart money” into the winners as they begin to show promise.
HBAN are going to London September 27th with four more great companies to pitch!
As part of the HBAN community, we would like to invite you to join us and to please share this invite with any colleagues/contacts that you have who are based or work in London, and where this event may resonate with or who would be interested in joining a HBAN London Syndicate Group.
Experienced investors have a vital role to play in sprinkling some magic dust on emerging enterprises
HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTradeIreland, today announces that a number of the original HBAN investors in software developer Phorest have been bought out for a sum averaging 10 times their initial investment.
Angels talk a lot about mentoring, but how many know what it really means? If you can’t describe what a great mentor does, you’ve probably never been one. A great mentor relationship is actually a pretty rare and special thing. It doesn’t come about all that often, and it’s not something that can be forced.
HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTradeIreland, today announces that it was crowned Globally Networked Organisation 2018 at the EBAN (European Business Angel Network) Awards Ceremony held in Sofia, Bulgaria, on Monday 25th June.
CB Insights recently published a study on the most common reasons startups fail. They looked at the cause of death on 101 start-ups and, not surprisingly, "Market," "Cash" and "Team" were major factors. But what might surprise many is that all three of those factors out-ranked "competition" as a source of death. There is an adage that start-ups don’t get killed, they commit suicide. CB Insights' study lends some credence to that idea.
The European Business Angel Network (EBAN), which is the pan-European community for the early stage investors covering over 150 member organizations in more than 50 countries announced its new President today. Peter Cowley, serial entrepreneur, invested investor and UK Angel of the Year 2014-15, has been appointed by the association to take the lead of the organisation for the next two years.
One of the most controversial topics in the startup community relates to the issue of investing through convertible notes vs. investing through preferred stock. Much has been written about this topic for the past decade, and the debate continues to rage in the blogosphere even today.