EstBAN presentation_2013-01
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Transcript of EstBAN presentation_2013-01
Estonian Business Angels Network EstBAN is an umbrella organization for business angels seeking
investment opportunities in Estonia and its neighboring regions.
Join us if you want to contribute to the startup
ecosystem with your funds and know-how and want to experience the satisfaction from this involvement.
About us - established in December 2012!- at present we are a group of 25 angel investors!- we meet up 2 times per month on!
- pitch events – 1st Monday of each month! - networking & training events – 2nd Thursday of each month!
- we screen deals together and conduct due diligence together!- decision making is individual!- we may invest individually or in a syndicate depending on the interest in the deal!- our investment range is usually between 20 k – 500 k EUR
Founding members !!
Villem Alango, Riivo Anton, Jaak Ennuste, Hardi Kampus, Marek Kiisa, Peeter Klanberg, Andrei Korobeinik, Guido Kundla, Allan Martinson, Harri Männistö, Indrek Neivelt, Martin Petjärv, Indrek Prants, Almar Proos, Priit Põldoja, Rolf Relander, Ivo Remmelg, Rikard
Relander, Ivar Siimar, Martin Talts, Herty Tammo, Eero Tohver, Henri Treude, Raivo Vare, Heikki Visnapuu
EstBAN members have individually invested
18.8 M EUR into 93 companies
!
Top areas of interest - information technology!- consumer goods & retail!- energy & environment!- financial services!- agriculture, chemicals and materials!- green technologies
Targets for 2013 !40+ members by end of year!100+ deals screened!10-15 investments!1 M EUR invested!11 pitching events – 1st Monday of each month !12 networking & training events – 2nd Thursday of each month!
Members & Sponsors Members are encouraged to invite interested individuals to join EstBAN as investors. Each new applicant must have a recommendation from 2 existing members. Annual membership fee is 200 EUR. !!We also accept associate members – organizations that can provide tools or services necessary for EstBAN – currently we are in negotiations with Tehnopol, Arengufond and Deloitte Advisory regarding associate membership. !Annual membership fee varies from 1000 – 3000 EUR.! !We also welcome any individual or organization to become a sponsor for EstBAN. !We are happy to accept any amount.
deal screening logic
EstBAN members evaluate the deals. If interested then set deadlines for due diligence and parties interested in investing
Pre-screening committee analyzes and rates deals. Deals passing benchmark level will be sent to pitch event Pre-screening committee is composed for each screening meeting on rotational basis of 5 EstBAN members
Entrepreneur submits deal to Gust (directly or via deal flow partner) EstBAN General Manager reviews deals and prepares deals for pre-screening committee
PITCHING EVENT: !1st Monday of each month
PRE-SCREENING: !2 weeks before each pitching event
DEAL SUBMISSION: !continuous
Communication tools Gust.com - internal deal flow management, member information and calendar!!Linkedin group – for internal group discussions and information / best practice sharing (to be established)!!Facebook – marketing and promotion channel within startup community. Who wants to co-admin?!!Webpage – marketing and promotion channel
Ivar Siimar – [email protected] – +372 50 29029!estban.ee