If you take a closer look at the startup scene, you’ll quickly realize one thing: It’s the people and their connections that make the difference. As business angels, we are well aware of this and know that a good network is the key to success. In this blog article, we take a look at the role of business angels as the invisible masterminds in the startup scene and how they make the difference through their network.
Many young founders dream of building a successful business. Yet they are often unaware that they are dependent on the help and support of others along the way. And this is where we come in: as business angels, we offer not only financial resources, but also our network and experience to help startups succeed.
But how exactly does that work? Why are business angels so critical to a startup’s success? Here are some reasons:
1. access to expertise and experience: business angels usually have many years of experience in the business world. They know how to build and run businesses, and they know the pitfalls to avoid. Through their network, they also have access to experts from various industries who can offer valuable advice and support.
2. mentoring and coaching: business angels are not only funders, but also mentors and coaches. They help startups develop their business ideas, design strategies and make the right decisions. They help to avoid mistakes and ensure that the company stays on the right course.
3. door opener to further investors: a business angel can also act as a door opener to further investors. Through their network, they can put startups in touch with other funders who might also be interested in investing. This can be critical for startups to attract additional capital for growth and expansion.
4. credibility and reputation: a business angel who invests in a startup automatically gives it a certain credibility and reputation. This can help to gain the trust of further investors, customers and partners.
5. Growth through synergies: Business angels can also help create synergies between startups and established companies. For example, they can help initiate collaborations and partnerships that benefit both sides and accelerate the startup’s growth.
In summary, business angels play a crucial role in the startup scene through their network and experience. They are the invisible masterminds who act in the background and make the difference. But for us business angels, too, networking is everything.