On Tuesday 27.02.2018, SPCleantech organized as Pre Acceleration Point as part of the NordicHouse Café a networking meeting for start-ups “Why start need Business Angels? How to get them?”
During the activities of most startups, a moment arises in which the so-called bootstrapping, or basing development on own resources, is not enough for effective business development. Inability to obtain external financing and lack of own funds creates a barrier called the capital gap. A remedy for this problem may be cooperation with the Business Angels. Angel’s support, however, is not just cash. It’s also called smart money, or experience, a network of business contacts, managerial knowledge or know-how.
We have learned about the pros and cons of working with business angels at this networking meeting.
Jacek Kubrak, business angel, investor, creator of innovative projects and technological solutions