<p>1
The building
blocks of
investment
R o d B e e r , U K B A A
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WE ARE THE TRADE BODY
FOR EARLY-STAGE INVESTING
A B O U T U S
W e c o nne c t , pr o t e c t a nd t r a i n c o m m u ni t i e s o f i nv e s t o r s a nd e nt r e pr e ne u r s .
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Over 15,000 angels represented
by these groups
ANGEL GROUPS
23
From micro funds to major PE
funds
INVESTMENT FUNDS
13
And all the major crowd
funding platforms
ONLINE PLATFORMS
20
Including incubators and
universities
ACCELERATORS
3
About the early-stage investment
ecosystem
A N O V E R V I E W
What sort of startups should you be looking
for
W H A T T O L O O K F O R
Some golden rules of early-stage
investing
S T R A T E G I E S
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A N
O V E R V I E W
5
WHAT IS A
BUSINESS
ANGEL?
We've all seen Dragon's Den, it's great TV. But it
is just that: TV. The reality is very different and far
more akin to Angels than Dragons.
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IT'S NOT JUST
ABOUT THE
RETURNS
Research in the states shows a healthy 22% IRR.
This does not include any tax relief. But there's
more to angel investing than returns.
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S E E D & E A R L Y S T A G E
E A R L Y G R O W T H
E X P A N S I O N
Bu s i ne s s a nge l s , a nge l
gr o u ps , c r o w d f u nd i ng
V C s , a nge l gr o u ps ,
a nge l s
VC s a n d p ri v a t e e qu i t y
THE INVESTMENT LANDSCAPE
W H E R E A N G E L S F I T I N
S T A R T U P
Fr i e nd s a nd f a m i l y
fu n d i n g t o g e t t o p r oof of
c o nc e pt
8
1.8BN
W a s i n v e s t e d l a s t y e a r ( a re c o rd y e a r) u n de r E IS a n d
SEI S t a x r e li e f
65%
O f a nge l i nv e s t i ng t a k e s pl a c e i n t h e G o l d e n T r i a ngl e
EARLY STAGE INVESTING
S I Z E A N D S H A P E O F
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GOVERNMENT
SUPPORT
T h e r e ' s s o m e I n c r e d i b l e
Invest up to 100k per year
50% tax relief
Loss relief
CGT relief
IHT relief
S E I S
Invest up to 1m per year
30% tax relief
Loss relief
CGT relief
IHT relief
E I S
Angel Co-Fund
Regional Co-funds
C O - I N V E S T M E N T F U N D S
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W H A