Finnish Business Angels Network (FiBAN) is a national, non-profit association aiming to inspire private investments made in potential early stage companies. FiBAN strives for high-quality deal flow by co-operating with various private and public growth supporting entities. FiBAN acts as a link between growth companies and investors by providing companies with direct visibility to investors and aims to facilitate investment rounds in general.

1. BUSINESS ANGELS?
Private startup investors

2. FiBAN is a association of
private investors that aims to
improve the possibilities for
private persons to invest into
unlisted potential high-growth
companies.
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A non-profit, private investor driven
association
Deal flow and investor matchmaking
Inspires investment syndication
Trainings and seminars
Best practices and guidance

3. BUSINESS ANGELS
Business angels are private individuals who invest their
own money in high potential startups in exchange for a
share in the company, and also contribute their
expertise in business management and their personal
network of contacts.
www.eban.org
VIDEO
www.fiban.org/video

4. BUSINESS ANGELS
✓
✓
✓
✓
Invest both knowledge and capital
Early-stage high-risk investors
Make both active and passive investments
Invest generally €10K- €100K per deal

5. ANGEL PROFILE
Active
30%
10%
Passive
50%
10%
Unexperienced
Experienced
LOOKING FOR
INVESTMENTS
INVESTOR EXPERIENCES

6. FINNISH HIGH-GROWTH
• 4.8% of all Finnish companies are highgrowth companies, these companies
create +50% of all new jobs!
• There are approximately 300-600
companies aiming for high-growth yearly.!

7. TOPIC

8. ANGEL NETWORK
STATISTICS
EUROPE
US
FINLAND
Networks
400
340
3
Estimate # of angels
75k
259k
500
Total estimate invested
annually by angels (€)
3-4 billion
18 billion
50 milj.
VC Investments in
seed and start-up/early
stage
Circa 2 billion
6 billion
60 milj.

9. BUSINESS ANGEL OFFERS
Private investments made in unlisted early-stage companies aiming for
high-growth and looking for private investors.
Knowledge
Active
Networks
Capital
Passive

10. ANGEL-FUNDED FIRMS
ARE MORE LIKELY TO
✓
✓
✓
✓
survive longer
raise additional financing
show improved venture performance and
growth
benefit from features like mentoring and
networks

11. HIGH-RISK INVESTMENTS
10% succeeds well
40% payback
50% fail
GROUP INVESTING SYNDICATION
First angel investments are
recommended to be done in
a group to gain experience
and share risk.
www.fiban.org/syndication

12. PROFITABILITY

13. BUSINESS ANGEL
INVESTMENT

14. BUSINESS ANGEL
INVESTMENT
EXIT
GROWTH
INVESTMENT
SCREENING
Evaluation
Due diligence
Agreement
Negotiation
Solo vs. group
Contract
Knowledge
Networks
Capital
Average angel investment last 8 years.
Investor goal!
Sale/Banckruptcy

15. ANGEL INVESTMENTS
• Average investment 20 000 €
• Scale 5000 – 1 000 000 €
• Usually several investment rounds
Round 6
Company results
Round 1
Round 5
Round 2
Round 4
Round 3
Investment amount grows during time
Risks and profits decline

16. ANGEL INTEREST?
Several things matter but two crucial factors:
• SCALABILITY
Is the idea scalable?
International potential? Growth hunger?
• TEAM
A-team with a B-product is better than
a B-team with an A-product.

17. STARTUP PROCESS
SUBMIT
SCREENING
PITCH
INVESTMENT/
SYNDICATION
www.fiban.org/submit
• Free-of-charge
• Includes investor
feedback
• Links to growth
resources
• Visible for
3 months
ca 1 week
• Companies chosen
to pitch
• In cooperation with
Finnvera
ca 3 weeks
• Short presentation
to wake investor
interest
• Sector-based and
regional events
ca. 6 weeks
• Investor
evaluation (due
diligence)
• Alone or in
group
• Capital and/or
sweat equity
(knowledge)
ca 2 – 4 months

18. VALUATION
• Rule of thumb
– Healthy business idea
– Proof of concept
– Skillful team
– Management / Owner/ Advisor
100 000 €.
100 000 €.
100 - 200 000 €.
100 000 €.
– Business validation (sales)
• Comparison to other companies and markets
– Previous investments
– Company value of succesful companies
• Prognoze of expected cashflow
100 000 €.

19. GET CONNECTED
www.fiban.org/submit
• Free of charge, screening every 2nd week
• Direct visibility to all of FiBAN’s business angels
• Goal to give feedback to every case and give pitch opportunity
www.fiban.org/events
• Find out where and when our angels are around
www.fiban.org/presentations
• Useful stuff to prepare yourself with angel meetings
www.fiban.org/newsletter

20. HIGH-GROWTH PARTNERS

21. CONTACT
BOARD 2014
Riku Asikainen, pj.
Jaakko Salminen, vpj.
Anne Berner
Juha Kurkinen
Aarne Sipilä
Pekka Vartiainen
REGIONAL ANGELS
Petri Lehmuskoski, Turku
Olli-Pekka Kulmala, Tampere
Kari Ollila, Pori
Raimo Kuismin, Oulu
Ari Korhonen, Lappeenranta
Sami Etula, Jyväskylä
ADMINISTRATION
Jan Oker-Blom, MD
jan@fiban.org
(+358)405517551
Claes Mikko Nilsen, Coordinator
claes.mikko@fiban.org
(+358)504913001
BECOME AN ANGEL MEMBER?
www.fiban.org/join
SUBMIT PITCH
www.fiban.org/submit

22. www.fiban.org
claes.mikko@fiban.org
+358 504913001
@claesmikko