Participate in the world's largest Angel Investment awareness initiative
EBAN meets the European Commission President
Photo: Francisco Banha (EBAN), Jose Manuel Barroso (EC) and Paulo Andrez (EBAN)
EBAN met recently with Jose Manuel Barroso, President of the European Commission, to express its views on the relevance of early stage investors in the economic recovery of Europe and in the creation of jobs. Although the European angel investment is growing (7% in 2012), access to finance is still a challenge for many European SMEs. EBAN representatives Paulo Andrez (President) and Francisco Banha (Board) presented to Barroso a set of policies and actions aimed at bringing more private funds into the early development stages of SMEs and expressed EBAN's availability to cooperate in their implementation both at European and member states level. One of those actions is the European Business Angels Week which is creating an unprecedented initiative in Europe and worldwide.
European Business Angels Week presented to Neelie Kroes
EBAN President Paulo Andrez and EBAN Vice-President Ari Korhonen met in Vilnius, Lithuania, with Neelie Kroes in the context of the European ICT 2013 Conference. The meeting allowed to present to the European Vice-President and Commissioner for the Digital Agenda the objectives and framework of the European Business Angels Week and to express EBAN's availability to collaborate in the Startup Manifesto
and Startup Europe
Photo: Ari Korhonen (Vice-President of EBAN), Neelie Kroes (Vice-President of EC) and Paulo Andrez (President of EBAN)
EBAN expands its reach
EBAN is extending its reach by positioning the organisation as an European trade association for all investors operating in the early stage sector. EBAN was founded in 1999 focused on angel investment and has later opened its community to early stage focused venture capital funds. Recognising the new players which are now populating the market and impacting the entrepreneurial community, EBAN has approved new statutes in its last General Assembly held on October 3rd in Moscow. The new guidelines extend the organisation's full membership to Electronic Funding Platforms, Business Accelerators and Co-Investment Funds opening the door for a more diverse organisation and increased collaboration and debating between the different partners operating in the early stage investment sector. Despite the new membership categories, EBAN will keep its core activity within the angel investment community.
Following the approval of the new statutes, EBAN is already welcoming its first Electronic Funding Platform member Startup Stock Exchange which proposes a public stock exchange for start-ups.
EBAN welcomes 3 new members
Startup Stock Exchange (SSX)
, Curacao (Electronic Funding Platform - First category member!
SSX provides a regulated marketplace for startups and small businesses to sell ownership shares directly to qualified global investors. The listed shares trade freely on a government regulated securities exchange (DCSX) providing investors a liquid market where they can invest at any level of ownership and any stage of growth.
Mutuma Marambu, Kenya (Affiliate Member)
Mr. Marambu is a successful and dynamic entrepreneur who is actively involved in startups in Europe and sub-Saharan Africa. He is now in the process to establish the Kenya Business Angel Network (KBA) in Nairobi with the support of EBAN and Sophia Business Angels (SBA).
, France (Affiliate Member)
Ms. Shallal is a business angel investor seeking to promote Business Angels' activity in Europe and beyond (MENA region). She is also contributing to the reinforcement of the entrepreneurial eco-system in respective countries by sharing best practices and capacity building.
New media partnership
EU-Startups.com partnered with EBAN to provide our members with special rates, complementary seats at their events, news/ information sharing and other opportunities. For further information about these advantages check the EBAN news section and the calendar regularly or contact the Secretariat.
EBAN Partners' Updates
Gust - Which angel investors are interested in crowdfunding startups?
David Rose: Taking a look at some operating US-based companies that currently come to mind when thinking about the space (Kickstarter, Indiegogo, AngelList, Gust, CircleUp), some of the known angels who have invested in them include: Jack Dorsey, Caterina Fake and Lewis Gersh.
Gust - When A Startup Chooses IPO Most Founders Are Out
Martin Zwilling: Many entrepreneurs still dream of “going public,” making billions of dollars, and playing with the big boys. They don’t realize that this option would likely be their worst nightmare, since it costs millions for the road show, usually dilutes your equity to a tiny fraction, and takes away all your entrepreneurial control.
Zephyr - German Eye-Tracking System Developer Kicks Off Angel Fundraising for Q4
«The third quarter of the year declined on the previous three months in terms of both volume and value. In total there were 78 angel investment transactions worth a combined EUR 99 million. This represents a 20 per cent drop by deal numbers and 24 per cent by aggregate values.»
EBAN Research Sponsor
FiBAN gathered statistics from business angels about the difference between proposed value of a company and the actual value used in the deal. Conclusions suggest that slightly over 50 % of the financed companies got the valuation they asked for, while the rest received financing at a lower valuation with an average discount close to 30%.
Irish business angel-backed start-ups nail it – break €55m investment milestone (source: Silicon Republic)
Early stage companies in Ireland have secured a combined €55m from angel investors via 128 deals over the past six years. The Halo Business Angel Partnership (HBAP) said 60pc of this angel funding came from individual business angels who have invested ‘hard cash up-front’. Syndicate groups are making up the remaining 40pc that has been invested in Irish start-ups that have received the €55m investment.
Portuguese Business Angels Week
Portuguese angel investors federation FNABA will be hosting the 7th edition of its National Business Angels Week from the 18th to the 24th of November. Multiple events are expected in 10 different cities to increase angel investment awareness and to make a final push for the application of the remaining funds available under the COMPETE co-investment fund to be spent until 2014. The first event of the week - the Portuguese BA Congress to be held in Cascais will also be the opening event of the European Business Angels Week.
London Business Angels invests in risk management solutions company
Contego Fraud Solutions, a rapidly growing risk management software company, has announced that they have raised £900k in their latest investment round. Investment has been secured from a syndicate of London Business Angel Investors amongst other investors.
Experiences convering period 1-8/2013
Austria angel community with the Pionners Festival
The European entrepreneurship cream met in Vienna, Austria, for another successful edition of Pioneers Festival, a mega international gathering of over 2500 guests and speakers.
Business Angels Network Catalunya and La Fundación Biodiversidad start INVER, a Pioneering Program to Invest in “Green”
INVER encompasses 11 activities – personal assessment meetings, informative sessions, an Investment Readiness training program and a Forum – to be held in Catalonia, Madrid and Balearic Islands. INVER expects to attract up to 500 “green entrepreneurs”
Venture Capital IT
Gesventure/ Business Angels Club will be hosting the 8th Venture Capital IT in Lisbon from 10th to 11th of December. VCIT is Portugal's leading venture capital and entrepreneurship congress and a bridge for knowledge exchange featuring many invited speakers from the EBAN community.
Baybars Altuntas: The Making of a Dragon Entrepreneur (source: Soho Loft)
Article about Baybars Altuntas, founder of TBAA and Executive Committee member of EBAN on his quest to success.
With the European Capital of Innovation Award, the European Commission wants to acknowledge the outstanding achievement of a city in building up an innovation ecosystem, i.e. a system which links the citizens (People) with a built environment (Place) and public organizations and policy-makers (Public) through business (Private).
The contest is open until 3 December 2013. The award of €500k will be given to the winning city to scale up its achievement.
SMEs' myths on which public policies are built
by Christian Saublens, Executive Director of EURADA and Honorary Board Member of EBAN
«Thinking about the policy debate regarding public support services to innovative enterprises, EURADA's Christian Saublens increasingly realizes that policies are based on myths and on an asymmetry of information between the public sector or its intermediaries and the private sector. Here are a few of those myths.»
EBAN represents the largest marketplace for entrepreneurs. By joining EBAN you support the leading European organisation focused in improving the investment conditions for early stage investors to reach its mission and goals. We offer a unique combination of ways to meet early stage investors, combining our passion, expertise and networking within the sector.