London Business School Institute of Private Equity

Event Details

ANGEL INVESTMENT

  • Wednesday, April 25, 2012 7:00 PM - 8:30 PM
  • On Campus

‘Business Angels’ occupy a vital space in the funding landscape, providing valuable expertise and resource to very early stage businesses. Angel investment is not a new phenomenon – however in recent years ‘Angels’ have become more numerous and important as a source of capital and expertise.

 Their importance to the economy has also been recognised – in many industries filling the void between an entrepreneur, ‘the 3F’s (friends, family and fools) and ‘Series A’ venture funding – a chasm into which many ventures disappear. As a class, Angels can be a force for social and economic good – as well as providing valuable deal-flow for later stage investors, including venture capital firms.

 And yet it is not easy to make a ‘living’ as an Angel. This is in part because of the stage at which angels invest and partly because they can so easily be diluted in later rounds.

 The purpose of this panel is to give an understanding of angel investors, the ventures they back and how VC firms fit into the ecosystem. We explore a number of themes:

  • What makes a good Angel investor
  • What makes a good Angel investment
  • The value-added by an Angel syndicate
  • Finance and exit issues and strategies, including the role of venture capitalists

 The panel will be hosted by Professor Gary Dushnitsky of London Business School. Confirmed panellists are:

- Alliott Cole, Principal, Octopus Ventures

- Paul Atherton, active angel investor and entrepreneur

- Brandon Stephens, founder of Tortilla restaurants

- Michael Anderson, active angel investor