Business Angels

Heavenly Ideas
Heavenly Ideas

Investors who prefer to remain anonymous will not only assist in establishing and developing a company, but also give advice on how to take the first steps in the market. Fear of high taxes or the intricacies of the law are not the biggest obstacles in setting up a company but lack of capital. This usually happens when an idea for a company is both interesting and enterprising because the banks prefer to give loans for safer investments. Nevertheless, innovative ideas which are slightly more risky do not have to be consigned to the rubbish heap, since you can turn for help to so called Business Angels who are experienced managers or entrepreneurs. Special Business Angels Networks will help you to find this kind of investor.

This happened to Dr. Michał Bieniek, founder of the Apeiron Synthesis. The company was established due to the support of Lewiatan Business Angels (LBA). “When I turned for help to the LBA I only had a vision of creating and developing the company, but I did not have the faintest idea of the business matters. I received all the indispensable assistance in order to prepare the project; we created a business plan, business model and worked out the best company development strategy together,” says  Dr. Michał Bieniek. He admits that without the aid of someone who had faith in the development of the company, as well as the support that he received, such fast and dynamic advancement would not have been possible. A person who wants to open a grocery store or beauty parlour cannot rather count on the help of the business angels because innovativeness of the project plays a significant role. Furthermore, the project has to meet several criteria.

“The most important condition is to write an interesting and properly formulated business plan,” says Jacek Błoński, the CEO of Lewiatan Business Angels. He also adds that the competence and engagement of a team, as well as the innovative idea behind the project are crucial in the assessment of the project. The stage at which the project is realised also matters. This means that companies which have already been conducting business are preferred. Michał Olszewski, member of the board of Business Angel Seedfund highlights the fact that projects which give fair promise for a high level of growth and a chance to multiply the invested capital within 3-5 year are likely to get an investor. “The line of business is less important because investors have different preferences in this matter,” says Michał Olszewski. Business Angels are ready to pay for investments from several hundred to even a 5 million Polish zloty.
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