Senior Managers of Large Corporations

Most of them are successful corporate captains who have enough experience and money to support start-ups with their knowledge and contacts in its way forward. 

Successful Businesspersons

Another large group consists of successful businesspersons who run their own companies. They look for young and flexible founders who can give them a new wind for their current companies or in some way can be connected to their actual business (for example manufacturing companies). 

Founders of successful companies

Another group are founders who already exited their start-ups and are looking for another young founder who they can help with their path forward. 

Professional financial investors 

In the Czech Republic, there are also investors who invest on a professional level and spend all of their time developing start-ups in which they have invested. We have some of those too, and their numbers are growing.

Family offices

The last group of investors are family offices, which are small companies that manage assets of a single or a group of extremely wealthy families. 

You can find more information about our angel investors and our club on our page - Busyman Club.

Where to find an angel investor?

If you are going to look for an investor in Czech Republic you are going to have several options. Below are just some of them. 

If you are going to look for an investor in the Czech Republic you are going to have several options. Below are a few. 

1. Do the hard work

Yes, entrepreneurship is about sales and as a founder you should be able to or at least have someone who is willing to pick up the phone and cold call contact who could feasibly invest in your start-up. 

For that you should first prepare list of appropriate investors for your company and keep track of contact, calls, meetings, and outcomes. So have a status file and begin the hard work!

2. Leverage Your Network

One way is to connect with angel investors through cold calls, but it is much better to have a warm introduction to investors. You can achieve this by leveraging your network. Those can be:

• Your alumi or business groups from school/college you have attended.
• People you have worked with and met in your professional career.
• Your peers and friends. (Good old FFF)

From these groups create a list of people who are connected to the finance world and choose the ones you want to reach out to. If you have some investors who you want to get in contact with, try to find out if someone from your network can connect you with them.

3. Join business Incubators and Accelerators:

These organizations provide advice, guidance and various forms of support for start-ups. There are several types of business incubators and business accelerators and some of them even offer financing with an exchange for an equity in your company. Another benefit of being in an incubation or acceleration program is that while you are being mentored, you can also connect with several investors who are around events organized by Incubators and Accelerators and at the same time scouting for a possible investment. 

4. Participate in Competition and Startup Events

One of the best ways to find and investor and even promote your start-up project can be competitions and start-up events. Apart from the fact that you can win a nice financial prize, projects in competition are judged by a group of successful entrepreneurs or self-made businesspersons. Also, many investors see start-up events as a good opportunity to find an interesting pre-selection of start-ups. It is the place to be. 

We at Busyman have our own event where start-ups can present themselves in front of tens of investors at once. You can find more about our events HERE.

5. Go through Business Angels Networks

One way how to connect to multiple angel investors at once is to go through a business angels network which groups several investors and start-ups and can function as an intermediary between these two groups. Investors know that start-ups presented there are pre-selected and therefore are more open to them than if they would come “of the street”. The advantage of business angels network is that they usually offer a consultation on how to approach angel investor and can pin-point weak spots of projects before they go before the investor, so start-ups have a higher chance to be well-prepared. Each business angel network has different processes. To learn more about how Busyman’s Angel Network operates click HERE.  

The next article: HOW TO FIND AN ANGEL INVESTOR