The toughest moment in a new angel’s investing career: a very large round has lots of momentum – it has been expanded and is still over-subscribed. And it is a classic case as these things go, driven by the usual factors: little bit later stage with some traction, so risk is perceived as lower, great pitch by an appealing CEO, backed by a seemingly good team, momentum in the round building quickly, a product people can understand that is already built and in the stream of commerce, and, perhaps most importantly, a perception of scarcity as the round filled up.
Dublin, 31st October 2017 – HBAN (Halo Business Angel Network), the all-island group responsible for the promotion of business angel investment in Ireland and a joint initiative of Enterprise Ireland and InterTradeIreland, today announces the appointment of Rowan Devereux to the Chair of the Bloom Equity Syndicate. Rowan succeeds Anthony Bermingham as Chair and in his new role, he aims to recruit new angels, build the profile of the syndicate and work with HBAN in selecting high potential start-ups to present at monthly syndicate meetings.
Dublin, 19th October, 2017 – 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 a €1.8 million investment in Cork-based medtech company, AventaMed. The investment – which includes €1.6 million angel funding, the largest single HBAN angel investment to date – will fund AventaMed through FDA (Food and Drug Administration) clearance and commercialisation of the Solo Tympanostomy Tube Device (Solo TTD) which enables the quick and simple insertion of ear grommets.
HBAN National Director John Phelan was interviewed by the Independent where he spoke about the importance of exit strategies for investors as well as discussing previous investments made by HBAN business angels.
This article, adapted from a post originally published by the author in Inc. Magazine, is the first in a three part mini-series on deep dives. To read the next article see Deep Dive Mini Series: Coaching on How to Survive A Deep Dive Meeting.
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