Your relationship with angels can take many different forms, but all startups can benefit from having one or more angels involved. The core benefit of having one or more angel investors is not just the capital they can provide, but the knowledge, experience and contacts they bring.
Understanding the angel’s role is critical. Angels differ in their involvement and investment choices.
If you just want money and no involvement, then you need to be clear about this up front.
You might be looking for another investor of some kind, not a business angel.
Angels invest their own money, at a stage most funds will not, and on more flexible terms – as an equity purchase or a convertible loan.
Angels have experience building, running and selling companies, and they stay involved rather than only reporting on the numbers.
Introductions to customers, co-investors and later-stage funds – in Norway, across the Nordics and through our European network.
Angels often take a board seat and bring the governance habits your next investor will expect to find already in place.
New founders are often unsure about what information and documentation are required by investors, including what is expected when documenting management work and executive board meetings. Professional investment companies and funds can be strict about this during their due diligence processes.
The NorBAN fundraising knowledge base sets out what you need to have ready: a readiness self-assessment, what each deck slide has to answer, and the data-room contents checklist.
What problem you solve, for whom, what the competition looks like, and why this team is the one to do it.
A financial model where the assumptions are visible, and a clear account of what the money raised is actually for.
Who owns what and on what terms – including option programmes and any convertible instruments still outstanding.
Minutes, decisions and shareholder documentation kept in order from day one, because due diligence will ask for them.
Startups looking for investment can be published directly to investors in the NorBAN network through our digital channels.
Submissions are evaluated for relevance before publication.
