Posts Tagged ‘business angel networks’
It costs money to get money.
So, should we worry about the vulnerable entrepreneur who might pay his money to pitch to business angels even though his chances of raising funds are slim?
Retail outlets are closing up shop in the UK. UK banks are struggling to make sense of early stage or high risk investments – as they always have, and this is happening across the world.
At the same time Regional Development agencies are being closed and dismantled in the UK and the ‘free to present’ opportunities for entrepreneurs to meet business angels are due to be shut or ‘transferred’ in the next few months.
So, in this grim climate, can it really be said that the business angel investment sector is blooming?
Beer and Partners CEO Mike Weaver has a strong belief in business angels’ ability to help stimulate economic recovery. However, Mike also believes there are no guarantees of success in angel funding and business angels should be prepared for a significant number of their investments to go “pear shaped” before they find a “star”.