How do investors get started? Where do they find opportunities? What would make them invest more?
AEBAN, the Spanish Association of Business Angels has presented the Business Angels 2017 report. An in-depth analysis of the ecosystem that confirms the main trends and behaviors of Spanish investors.
Summary of the Report
The profile of Business Angels in Spain It is occupied by the age group between 35 and 54 years old, it is during this age that investment activity is most frequent. With regard to female incorporation into the investment segment, there has not been a very significant increase compared to the previous report, reaching only 9 per cent of the total, percentage even lower than that observed in other countries such as the United Kingdom and the United States, where female participation is much higher.The year 2016 was very positive in relation to the introduction of new investors in the market. These new investment acquisitions could explain the increase in Business Angels, which have less than 5 clients in their portfolio. Along the same path, they have also increased the proportion of large investors who already accumulate significant portfolios with more than 21 participating companies. In general, investors usually start investing through the arrival of opportunities presented by friends or partners (29%), followed by those who actively seek to start investing and for this purpose join a network of business angels (26%). In this regard, co-investment with other Business Angels (85.9%) and venture capital funds (43.8%) are still the main investment options.Finally, the reasons for dismissing an investment are mainly determined by the trust that the entrepreneurial team transmits to the investor. When he doubts about management skills, he usually discards the project, no matter how much it contains a good business idea.
What is AEBAN?
AEBAN are the acronyms that make up the Association of Business Angels Networks of Spain. Composed of 40 BA networks in thirteen autonomous communities, AEBAN, was established in 2008 with the mission to promote early-stage investment activity: investor networks, groups and clubs, companies and investment funds active in seed and start-up stages, accelerators and incubators, and participatory finance platforms. Within the networks that make up AEBAN, there are close associates of 2,000 investors than over the past year they have mobilized resources worth 40 million euros.
