The Danish Startup Ecosystem Guide 2024 - Magazine - Page 42
BUSINESS ANGEL NETWORKS
in front of the network. Some business
angel networks have hundreds of members, so it’s a very quick way to connect
with a lot of potential investors.
Smart money
When a startup gets an investment from
a business angel, it’s often smart money.
This is because business angel networks
provide access to experienced entrepreneurs and business people who have
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become investors. They therefore have
a wealth of experience and can provide
mentoring, guidance and connections
that can be invaluable to startups. For
example, business angels can introduce
startups to potential customers, partners
or other investors.
Furthermore, business angel networks
often have a wide range of experience and
expertise across different industries and
sectors. This can be particularly bene昀椀cial
for start-ups, which may need specialized
knowledge and skills to succeed.
Another bene昀椀t of business angel
networks is that they provide a level
of validation and credibility for startups. With the support and backing of
experienced investors, startups can
more easily avoid common pitfalls and
increase their chances of attracting further funding—and ultimately becoming
successful businesses.
The Guide