It’s exciting news! The CEO of one of your investments tells you that a buyer expressed serious interest in acquiring her company for €30M. Since the company has struggled to find huge growth, you are relieved and do a quick mental “back of the envelope” calculation and you figure you’ve bagged a 5x return in a couple of years. Not too bad for one of your first angel deals!
HBAN, the all-island organisation responsible for the promotion of business angel investment, today announces that it will seek to raise new funds of €6M in the space of just 48 hours, starting Wednesday 9th November in Waterford. The organisation will also visit Cork, Dublin and Galway, speaking to potential new business angels looking to invest in some of Ireland’s most promising start-ups.
Angels love the thrill of the hunt. We like learning how entrepreneurs are going to change the world or which is the new Unicorn that will go public and bring a 100X return. Perhaps this is why many stories about early-stage investing focus on the first part of angel investing – finding good deals, negotiating good terms, and due diligence.
Most angels and investors are quite comfortable using metrics to measure return on investment, or rebalance their portfolios. By the same token, angels need to teach the CEOs of their portfolio companies to use metrics to measure whether their companies are achieving their growth goals.
You can now watch back on this mornings webinar and hear guest speaker Drew O’Sullivan discuss the European Angel Fund (EAF) and how it will be adminstered in Ireland.
The Global Investor Challenge will seek to find the most investible Entrepreneurs and present them at the Grand final at the Startup Nations Summit in Cork in November 2016. This is a competition for Startups and Entrepreneurs who are seeking investment and are investor ready. There will be regional finals held across Ireland in the week leading up to the summit (Nov 14-18) with the Grand Final in Cork on Saturday November 19th. The Global Investor Challenge is part of the Growth Pathway Programme*. CorkBIC have huge experience organising similar initiatives for Startups and Entrepreneurs, have a look at the 2016 Entrepreneur Experience®
UPRISE Festival Europe in association with Bank of Ireland is searching for Irish based competitors for its ‘Pitch Battle’ to be held during the UPRISE tech festival on October 20th in the RDS. The UPRISE Festival Pitch Battle will put the power in the hands of the audience as they vote for the startup best able to pitch its business. Now in its fourth edition, UPRISE is one of Europe’s foremost festivals for startups, enterprise and investors.
After the great success of last year, Barclays are delighted to again be bringing the Techstars team to Dublin to meet with founders, investors and influencers and share the following information on the programme below:
InterTradeIreland has published a unique all island report into the Business Angel investor market. According to the report, “Funding for growth: The Business Angels Market on the Island of Ireland”, Business Angel investment on the island is estimated to be worth between €70 million and €120 million annually.
HBAN, the all-island organisation responsible for the promotion of business angel investment, today announces the appointment of John Phelan as National Director. A successful entrepreneur, John will use his own experience to lead one of Ireland’s most influential and successful start-up support bodies; enabling early-stage enterprises to access funds and valuable expertise from business angels and angel syndicates.
The obvious objective of Angel Investing is not just to strategically support a new start-up, by providing the "Smarts" but also most investors are also looking for a financial return on their investment, obviously the sooner the exit the more attractive angel investing becomes. To date, the average European trend has been an exit within 5-7 yrs, however in some sectors it has been longer, e.g Food Sector 7yrs+, hence the ask during a pitching session, what is your exit strategy?
What is THINKTECH? | Social Innovation Fund
THINKTECH is a €1 million project to support and grow ideas for a better Ireland. Created by Social Innovation Fund Ireland with support from Google.org and Government, the THINKTECH challenge identifies innovative ideas that use technology to create positive social impact in Ireland. THINKTECH is seeking proposals that impact lives and touch hearts.
Knowledge Transfer Ireland takes a national perspective on the knowledge transfer (KT) system in Ireland. KTI works with business, investors, universities, Institutes of Technology, State research organisations, research funders and government agencies to maximise State funded technology, ideas and expertise getting into the hands of business to drive innovation. KTI is located in Enterprise Ireland (EI) and funded by EI with co-financing from the Irish Universities Association (IUA). - See more at:Knowledge Transfer Ireland
Funding round led by WxNW, HBAN’s newest angel syndicate
900,000 players and supporters of 52 sports in Europe, America and Asia benefit from Mayo-based Sportlomo’s service
Marks first investment from WxNW, which aims to double its number of angels from 12 to 24
Investment is part of a targeted push by HBAN to encourage investment in start-ups from West and Northwest of Ireland
HBAN, the all-island organisation responsible for the promotion of business angel investment, today announces the first-ever investment from its newest angel syndicate, WxNW (West by Northwest). The syndicate has backed innovative Mayo-based sports technology start-up, Sportlomo. The €270,000 investment is co-funded by Enterprise Ireland and will see the creation of 25 jobs in the company.
Listen to a conversation with CEO of Dublin Business Innovation Centre (Dublin BIC) and Business Development Director, HBAN, Michael Culligan on RTE’s The Innovation Show on Radio One tomorrow Saturday 21st May 2016 at 3 pm.