1. Raising Funds from Angel Investors
Diane Roberts, National Director

2. Who is HBAN?
• HBAN is an all-island business angels
network targeted at investors looking to
meet and invest in high potential, early
stage enterprises.
• Joint initiative Intertrade Ireland and
Enterprise Ireland.
• €5.7m -> 20 start-ups
• HPSU’s

3. So you are thinking about
raising funds?

4. Funding Options!
Self fund easy, fast, stressful
Grants slow, tedious, no dilution
Friends & Family loan or equity
Angel equity, added value
VC equity, added value
Banks need traction

5. Recognise, that this will not be easy!
•Do you really need
funding?
•How much you need?
• VC or Angel?
•Many will fail

6. THE POINT?
To do or not to do, there
is no ‘trying…’

7. VC’s and Angels – The difference!
• VC’s invest other peoples money!
• Angels invest OWN money
• Different Motivations
• Still want to make money!

8. What do HBAN do?
‘increased number of formal Angel Syndicates
improved education of Angel leaders
improve the efficiency of the Business Angel
improving the long term sustainability of
SMEs who have received funding.

9. What do Angels look for?

10. How do you approach Angel investors?

11. Goal of 1st Meeting?
To get the second Meeting!

12. What to look for in an investor?
• Money!
• What else do they bring?
• Domain/sector expertise?
• Experience?
• Contacts?
• Relationship
• What will happen when I miss my forecast, lose a
contract etc?
• Chairman/director - other added value?

13. Tips!

14. Before you start!
1page teaser doc, exec summary
Investor Presentation- 10 mins
Full business Plan
Full revenue model
Use of Proceeds
Due diligence – references etc.

15. How can HBAN Help!
• Decide if ready for funding?
• 1 page template
• Meet and understand your needs
• Circulate it to regional Halo Groups
• Syndicate groups

16. Q & A?
Diane Roberts
National Manager,
diane@hban.org
01-6650420