Category Archives: Exits

Did the ArchAngels make a good return?

Posted on 2 November 2010 by Brian Dorricott

Scottish medical technology company Mpathy Medical has been sold to a Danish firm in a £22m deal. “Archangel investors, who put in almost £5.6m to Mpathy and its sister company Gyneideas – which was sold as part of the deal – should receive about £11.8m from the sale.” That’s a 2x return. Sounds like a good return on investment? But is it? Continue reading →

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The real results… UK & USA BA exit statistics

Posted on 5 October 2010 by Brian Dorricott

On a previous blog, DevonshireDozer asked for evidence for the “business axiom” often quoted by those promoting Business Angel activity. Namely that returns are 5:4:1 (5 companies fail, 4 repay the investment and 1 is a star returning ten times the investment). Here are the results from two recent reports on angel activity and the results from the UK & USA. Do they conclude with the same ratio? Answer: I don’t think so – better or worse? Read on to find out more… Continue reading →

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Where are the Exits going?

Posted on 27 July 2010 by Brian Dorricott

This month NESTA published their annual report into Venture Capital. Titled “Now and After the Dotcom Crash”, what can we learn about how the environment for Business Angel investment has changed? How has the market changed? And have Business Angels’ expectations changed to match? Continue reading →

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It’s not the Journey, it’s the Exit…

Posted on 21 July 2010 by Brian Dorricott

It’s an exciting time. New company, great prospects, money invested, lawyers signed off the paperwork. Money transferred. What now? Start adding value to the company. It’s fun meeting people, promoting the product/service. More customers. More income. Break even. Sell the company, lots of money for everyone. That’s the picture Business Angels buy into. But is it the reality? What’s the impact if you are not focusing on the exit from day zero? Continue reading →

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What did the Business Angel Network do for us?

Posted on 25 May 2010 by Brian Dorricott

How do Business Angel Networks such as Xenos, London Business Angels, ABA, AngelsDen and Envestors filter the investment opportunities that they present to you, the Business Angel? Are they using the right filters? Are the filters right for you? Or … Continue reading →

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