Glossary
| Term | Definition |
|---|---|
| Business angel (BA) |
A business angel is as a private individual who invests part of his/her personal assets in a start-up and also shares his/her personal business management experience with the entrepreneur. |
| Business angels network (BAN) |
Also called angel portal, a BAN is an organisation whose aim is to facilitate the matching of entrepreneurs (looking for venture capital) with business angels. BANs tend to remain neutral and generally refrain from formally evaluating business plans or angels. BANs make a market place for matching services. |
| Business angels Syndication |
The gathering of several business angels into an informal consortium for the purpose of creating a critical mass of funds above what each business angel could — or would be prepared to — invest. This term also applies to the pooling of competencies in order to offer more managerial skills than any individual business angel could display. |
| Co-investment fund |
An investment fund dedicated to the provision of equity finance to SMEs in which business angels have committed to invest provided that they are able to source a co-investor. The co-investment fund invests under the same terms and conditions as the angels, on a pari-passu basis. The fund is run by an independent fund manager who uses to a large extent the due diligence work carried out by the business angels in order to reduce costs. Funds can be managed by business angels, public authorities, venture capitalists, private equity groups, or any combination of the above. In some cases (side-car funds), angels that are already part of an investment structure (BAN) pool resources into a fund for specific investments, in parallel to the activities operated at the BAN level. |
| Corporate angel |
Companies that make regular large angel type investments often for majority stakes. |
| Deal / matching |
The conclusion of an agreement whereby a business angel invests in a company’s stock. |
| Due diligence |
Process of evaluation of a project by a potential investor based on material facts. |
| Early Stage Fund |
Early stage venture capital and seed funds are those who invest in the equity gap (500.000€ to 3 million€), i.e. making a maximum of 3 million€ investment per company in young innovative SMEs across Europe. |
| Entrepreneur angel |
Very rich, entrepreneurial individual who backs a number of businesses for both fun and as a better alternative to stock market investment. |
| Equity |
Ownership interest in a company or corporation that is represented by the shares of common of preferred stock held by the investors. |
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Agenda
| Thu Mar 11 @17:30 - / Zurich, Switzerland Angel Investing Awareness Seminar |
| Wed Mar 17 @12:30 - / Madrid, Spain 2009 Global Entrepreneurship Monitor |
| Thu Mar 18 @12:00 - 03:00 / Paris, France 1st Breakfast meeting France Angels |
