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Business Angel Insights Martin Kremser BSC 18.04.2013. DOs and DONTs from Business Angel point of view. DONTs : Don’t tell a Business Angel (and/or VC) that you prefer to burn his money than Subsidies and bank’s money
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DOs and DONTs from Business Angel point of view DONTs: • Don’t tell a Business Angel (and/or VC) that you prefer to burn his money than Subsidies and bank’s money • Don’t be disappointed if you will not receive any money from a Business Angel. (All Business Angels I know have met at least one wrong investment decision)
DOs and DONTs from Business Angel point of view DOs: • Let a foreigner declare in one to five sentences the benefit of your product or service. • This will help you and the Business Angel. Most founders might have a technical background and love their product • Look for team members with different characters in comparison you have (Your sales manager should habe • the abitlity to sell submarines. • 10 % stock options for key employees requested by VC’s could be completely usual. Don’t discuss its sense. • Take part in competitions and take care that you receive the juror’s questions concerning business plan (or pitch desk) and consider in the files you deliver.
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