Desafios e tendncias de um Mercado em Mudana

Desafios e tendências de um Mercado em Mudança Rui Falcão

1 WHO WHE ARE? a) Business angels can be defined as high net worth individuals (HNWIs) who invest their own money, either alone or with others, directly in unquoted businesses in which there is no family connection. b)They normally invest in the form of equity finance in the hope of achieving a significant financial return through some form of exit. c)Typically, they will also take an active involvement in their investee businesses (Mason 2006).

1 who we are? LOWERING AGE

1 who we are? GENRE 30% Women 9% Women 81% Man 70% Man

1 who we are? ANGEL BACKGROUND

2 Angels in numbers? Portugal

2 Angels in numbers? investment 21 k€ Average amount per angel per investment 150 k€ Average deal investment

2 Angels in numbers? Europe - US 6, 7 b€ 19, 3 b€ Global investment Global Investment 312. 500 297. 888 Investors 38230 deals 21 k€ Amount per angel 64 k€ Amount per angel investors 64380 deals

2 Angels in numbers? dec-inc valuations 2, 8 M€ american valuation 1, 2 M€ european valuation 64 k€ Amount per angel

2 Angels in numbers? Size of portfolio Higher portfolio size > Lower valuations

2 Angels in numbers? Co-Investment

2 Angels in numbers? Country investments

2 Angels in numbers? Follow-on investments Smaller round deals: Reserve Money for follow-on deals.

2 Angels in numbers? EXITS 70% deals < return 1 X

3 Angel impact: Economy

3 Angel impact: Jobs 4: 1 Job Growth Angel investments were a significant contributor to job growth with the creation of 263, 950 new jobs in the United States in 2016, or 4. 1 jobs per angel investment.

4 Angel sustainability: income

4 Angel sustainability: The gatekeeper

4 Angel sustainability: eyes shine