1. Desafios e tendências de um Mercado em Mudança
Rui Falcão

2. 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).

3. 1
who we are? LOWERING AGE

4. 1
who we are? GENRE
30%
Women
70%
Man 9%
Women
81%
Man

5. who we are? ANGEL BACKGROUND1
who we are? ANGEL BACKGROUND

6. Angels in numbers? Portugal2
Angels in numbers? Portugal

7. Angels in numbers? investment2
Angels in numbers? investment
21k€
Average amount per angel per investment
150k€
Average deal investment

8. Angels in numbers? Europe - US2
Angels in numbers? Europe - US
6,7b€
Global investment
19,3b€
Global Investment
Investors
investors
64k€
Amount per angel
38230
deals
64380
deals
21k€
Amount per angel

9. 2 2,8M€ 1,2M€ 64k€ Angels in numbers? dec-inc valuations
american valuation
1,2M€
european valuation
64k€
Amount per angel

10. Angels in numbers? Size of portfolio2
Angels in numbers? Size of portfolio
Higher portfolio size >
Lower valuations

11. Angels in numbers? Co-Investment2
Angels in numbers? Co-Investment

12. Angels in numbers? Country investments2
Angels in numbers? Country investments

13. Angels in numbers? Follow-on investments2
Angels in numbers? Follow-on investments
Smaller round deals: Reserve Money for follow-on deals.

14. Angels in numbers? EXITS2
Angels in numbers? EXITS
70% deals < return 1X

15. 3
Angel impact: Economy

16. 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.

17. Angel sustainability: income4
Angel sustainability: income

18. Angel sustainability: The gatekeeper4
Angel sustainability: The gatekeeper

19. Angel sustainability: eyes shine4
Angel sustainability: eyes shine