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* [[Venture capitalist]]
* [[Venture capitalist]]
* [[Crowdfunding]]
* [[Crowdfunding]]
* [[Comparison of Business Angel Networks]]


==References==
==References==

Revision as of 12:25, 14 August 2013

Angels Den
Company typeBusiness Service
IndustryAngel Investing
Founded1 May 2007 Edit this on Wikidata
FounderBill Morrow & Lois Cook
HeadquartersUnited Kingdom
Area served
Worldwide
ProductsSpeedfunding, Angel Club
Websitehttp://www.angelsden.com/

Angels Den connects business owners looking for funding with Business Angels who invest in companies in return for an equity share. The company was founded on April 2007 in the United Kingdom and is now Europe and Asia’s largest Angel network with over 4500 registered investors.[1][2] Angels Den is authorised by the Financial Conduct Authority (FCA).

History

Bill Morrow and Lois Cook founded Angels Den because "there weren’t enough good ideas for people to invest in while start-ups are always struggling to find funding." [3] The process of matching business owners and investors was initially done online, but in July 2008 Angels Den introduced the concept of Speedfunding™ where entrepreneurs pitch to Angel investors on a one-to-one basis.[4]

In 2010 Angels Den expanded into Singapore.[5] In September 2011 Angels Den expanded into Hong Kong and Malaysia[6] and in March 2012 into Qatar and Dubai.[7][8]

In July 2013 the runner-up of the BBC television programme The Apprentice, Luisa Zissman, found 16 investors to fund her new business through Angels Den.[9][10][11]

Model

Angels Den matches established businesses that are seeking funding with investors. The Business Angels invest the required amount in exchange for an equity stake in the business. The process starts with entrepreneurs attending an advisory Business Funding Clinic where they receive a one-to-one half hour consultation with a business-funding expert.[12] Entrepreneurs get to discuss their business model and whether Angel funding is the appropriate type of funding to benefit their business growth plans. Angels Den screens the applications it receives before presenting them to investors.

After the Business Funding Clinic, the entrepreneurs Business Summary is made available online to Angels Den's angel network.[13] The entrepreneurs also attend a regional SpeedFunding™ event where they present a short pitch to numerous investors on a one-to-one basis.[14][15] The idea is based around the ‘elevator pitch’ – the rapid individual pitch that all entrepreneurs seeking funding are advised to prepare.[16] On average Angels Den facilitates over 5,000 pitches to investors each year.

Angels Den also offers Angel Clubs event, enabling pre-screened established businesses to pitch to a team of potential shareholders.

Angels Den works with a law firm, Edwards Wildman, to provide an Investment Documentation Service to business owners free of charge.[17]

EIS and SEIS

The Enterprise Investment Scheme was launched in 1994.[18] According to Michael Portillo, the EIS' purpose is "to recognise that unquoted trading companies can often face considerable difficulties in realising relatively small amounts of share capital. The new scheme is intended to provide a well-targeted means for some of those problems to be overcome".[19]

The EIS covers five separate forms of tax relief: 30% Income tax relief, Capital Gains Tax Deferral Relief, CGT Freedom, Loss Relief, Inheritance Tax Relief.[20] In August 2012 Chancellor George Osborne launched the Seed Enterprise Investment Scheme which aims to "increase the generosity on the Enterprise Investment Scheme", as well as to " extend this scheme specifically to help new start-up businesses get the seed investment they need".[21] The SEIS provides a 50% Income Tax relief against personal income tax as well as a 28% Capital Gains Tax relief on SEIS eligible investments of up to £100,000.[22]

Most businesses presented to angels via Angels Den and especially via the Tech Club are EIS or SEIS eligible.[23]

See also

References

  1. ^ Angels Den. "Angels Den." Crowdsourcing. 21 May 2013. <http://www.crowdsourcing.org/site/angels-den/wwwangelsdencom/26052>.
  2. ^ Angels Den. "About Angels Den." <http://www.angelsden.com/Angels/AngelOne.aspx?tag=1229>.
  3. ^ Hancock, Melissa. "Real Business." - Move over Dragons' Den....Angels' Den Has Arrived. 18 Apr. 2008. . <http://realbusiness.co.uk/article/797-move_over_dragons_denangels_den_has_arrived>
  4. ^ Morrow, Bill. "Speedfunding." Intellectual Property Office. <http://www.ipo.gov.uk/tmcase/Results/1/UK00002492697>.
  5. ^ Goh, Daniel (01 April 2010), "Angels Den Sets Up In Singapore" http://www.youngupstarts.com/2010/01/04/angels-den-sets-up-in-singapore/.
  6. ^ Dueck, Cameron. "Bank Liquidity in Asia Boosts Funding for Businesses." Financial Times, 9 Sept. 2010. Web. 05 Aug. 2013. <http://www.ft.com/cms/s/2/0a7e2fe0-bc01-11df-a972-00144feab49a.html>.
  7. ^ Agonia, Ailyn. "Angels Den to Be Launched in Qatar Soon." Qatar Tribune. <http://www.qatar-tribune.com/data/20120313/content.asp?section=first1_4>
  8. ^ Alshalabi, Abdullah. "Angel network offers Dubai’s first speed funding event for new startups", Wamda, 26 May 2013. http://www.wamda.com/2013/05/angel-network-offers-dubais-first-speed-funding-event-for-new-startups
  9. ^ Bull, Sarah. " Take THAT, Lord Sugar! The Apprentice runner-up Luisa Zissman already has 16 investors on board for her baking business" The Daily Mail, 18 July 2013 <http://www.dailymail.co.uk/tvshowbiz/article-2368740/The-Apprentice-runner-Luisa-Zissman-16-investors-board-baking-business.html>
  10. ^ Cheung, Sonja. "‘The Apprentice’ Runner-Up Zissman Talks Highs & Lows of UK Startups", The Wall Street Journal, 26 July 2013 <http://blogs.wsj.com/venturecapital/2013/07/26/the-apprentice-runner-up-zissman-talks-highs-lows-of-uk-start-ups/>
  11. ^ Andrew, Amy. "Would you invest in an Apprentice loser? Crowdfunding taps into start-ups and bright ideas, but how big are the risks?", This Is Money, 1 August 2013 <http://www.thisismoney.co.uk/money/investing/article-2377698/Crowdfunding-Invest-start-ups-bright-ideas-winning-businesses.html>
  12. ^ British Library. "Funding Clinic: Angel Investment Explained." British Library Business & IP Centre in London. . <http://www.bl.uk/bipc/workevents/fundingclinic.html>
  13. ^ Hancock, Melissa. "Real Business." - Move over Dragons' Den....Angels' Den Has Arrived. N.p., 18 Apr. 2008. <http://realbusiness.co.uk/article/797-move_over_dragons_denangels_den_has_arrived>
  14. ^ London Loves Business. "Business Owners to Pitch Ideas at Speed Funding Event." London Business News. 29 Feb. 2012. <http://www.londonlovesbusiness.com/business-news/business/business-owners-to-pitch-ideas-at-speed-funding-event/1811.article>
  15. ^ Brummelhuis, Simone. "Get your business flying with Angels Den speedpitching events", The Next Women Business Magazine, 09 January 2009 <http://www.thenextwomen.com/2009/01/09/get-your-business-flying-with-angels-den-speedpitching-events>
  16. ^ Business Matters, "Angels fall in love with speedfunding", 7 July 2008 <http://www.bmmagazine.co.uk/angels/167/angels-den-speed-funding/>
  17. ^ Lording, Austin. "Angels Den Tech Club Invests Six-figure Sum in Intelligent Positioning." Business Career. N.p., 17 June 2013. <http://www.career-tss.com/business-career/angels-den-tech-club-invests-six-figure-sum-in-intelligent-positioning>
  18. ^ Alliotts Chartered Accountants and Business Advisors. "Enterprise Investment Scheme and Venture Capital Trusts." Alliott Group. <http://content.alliotts.com/cms/filelibrary/Enterprise_investment_scheme_and_venture_capital_trusts.pdf>
  19. ^ Accolade Partnership Limited. "History of EIS UK." The Enterprise Investment Scheme in Great Britain. <http://enterpriseinvestmentscheme.co.uk/history_eis_17.html>
  20. ^ Angels Den. "The Benefits of the UK Enterprise Investment Scheme." EIS Tax Breaks and Relief – Why Use The Enterprise Investment Scheme? <http://www.angelsden.com/Applicants/AppOne.aspx?tag=35>
  21. ^ Accolade Partnership Limited. "Changes in 2012 to EIS - UK Enterprise Investment Scheme." Changes in 2012 to EIS - UK Enterprise Investment Scheme. <http://enterpriseinvestmentscheme.co.uk/changes_in_2012_21.html>
  22. ^ Sapphire Capital Partners. "Changes in 2012 to EIS - UK Enterprise Investment Scheme." Changes in 2012 to EIS - UK Enterprise Investment Scheme. <http://enterpriseinvestmentscheme.co.uk/changes_in_2012_21.html>
  23. ^ Dunsby, Megan. "Angels Den Tech Club Invests Six-figure Sum in Intelligent Positioning." Growing Business. 3 June 2013. <http://www.growingbusiness.co.uk/angels-den-tech-club-invests-six-figure-sum-in-intelligent-positioning.html>
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