Angels Den

7th
JUL

Posted by Michael under Business Growth, Entrepreneur Resources

The popularity of TV programmes like Dragons’ Den has led to renewed interest in the role of investors in new business – but the co-founder of Angels Den, Bill Morrow, says that his organisation, which connects fledgling businesses seeking funding with high net worth individuals looking for investment opportunities, hasn’t always benefited from linkage with the TV show because some entrepreneurs fear being ridiculed and humiliated by their potential ‘angels’ but – he claims, nothing could be further from the truth.

How does it work?

Business angels are people with some money to spare and a naturally adventurous nature. From his own experience when seeking Angel funding, Morrow saw that the traditional process of engaging with business angels was overly complicated and too costly.

His online business, Angels’ Den, allows his team to react fast to customer feedback which makes them flexible and innovative. This means that the more than 2,500 Angel Investors and 10,000 entrepreneurs who are registered with Angels’ Den are given a more reflexive service in which both advice and funding can be swiftly exchanged.

Before joining up, SMEs and entrepreneurs are invited to attend a free Business Funding Clinic to work through their proposal and ask questions about the nature of business funding. Then, when businesses become members, they are ‘led by the hand’ through the process of putting together a proposal to Angels. Around a fifth of those registering as business have already found an Angel – which Morrow says is ten times the national average. The services offered range from advice clinics to Speed Funding and private meetings organised by regional managers.

What does it cost?

There’s a £799 (plus VAT) registration fee and then, once you achieve funding from and Angel a 5% success fee.

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