There is a special group of investors who are not only interested in the financial growth of a start-up, but also in the personal development and success of the founder. These investors are called business angels and play an important role in promoting innovation and supporting promising company founders. But who are these business angels, what do they do and how can you find them?

What are business angels?

Business angels are private investors who use their own capital to invest in promising start-ups or early-stage companies. They are often former entrepreneurs or executives who have extensive experience and networks in specific industries. In addition to financial support, they also offer their expertise, experience and contacts to help the company succeed.

What do business angels do?

Business angels support start-ups in many ways:

• Financial support: Business angels invest capital in start-ups to help them finance business ideas, product development, market launches and other operational costs.
• Advice and mentoring: They offer founders valuable advice based on their own experiences and knowledge in entrepreneurship, management, marketing, finance and more. They often act as mentors and help founders make strategic decisions and overcome challenges.
• Networks and contacts: Business angels often bring with them a broad network of contacts that gives start-ups access to potential customers, partners, suppliers and other resources. They open doors to new business opportunities and help companies build relationships in the industry.
• Exchange of experiences: Through regular meetings and workshops, business angels enable founders to exchange experiences and best practices with other entrepreneurs and experts.

How do you find business angels?

There are several ways to find business angels:

• Networks and events: Networking events, conferences, seminars and entrepreneur groups are good ways to meet and network with business angels in person.
• Online platforms: There are special online platforms and networks that connect start-ups and business angels. These platforms enable founders to present their business ideas and find potential investors.
• Angel investor associations: Some countries have special associations and organizations for business angels that help founders find potential investors and learn about the latest developments in the field of angel investing.
• Recommendations: Personal recommendations from other entrepreneurs, mentors, investors or professionals can also be helpful in finding business angels who are interested in specific industries or business areas.

Conclusion

Business angels play a crucial role in driving innovation and supporting promising startups. They not only invest capital, but also offer valuable resources such as experience, expertise and contacts. If you have a promising startup and are looking for financial support and mentorship, you should consider finding and connecting with business angels.