Business Angel Leadership Program is an educational program that provides hands-on experience to emerging business angels. Our program is designed to provide theory and practice through 5 weeks of intense training.
About Business Angel Leadership Program
Angels and investors will explore a systemic overview of the EU venture ecosystem, angel investment profiling and strategies, a variety of frameworks for startup evaluation, and enjoy networking with startups, investors and experts.
The program's guest speaker list includes industry professionals from all over Europe: Super Angels and angels, BANs, Investment Leaders and VCs.
Program's graduates will be invited to join the Business Angel School Alumni network: 90+ alumni, as well as over a 100 of leading angels, VCs, investment platforms and initiatives.
Goals of the Program
What to expect from the Program?
By combining workshops, fireside chats with angels and VCs, pitch events, mentorship, and individual sessions, we ensure to convey a real practical experience, while covering initial gaps in understanding venture capital, and providing useful frameworks.
Rich networking with EU ecosystem participants allows angels to start building their dealflow and investment partnerships straight away.
Business Angel Leadership Program is an educational program that provides hands-on experience to emerging business angels.
Our program is designed to provide theory and practice through 5 weeks of intense training.
Introductory week aims to outline a systemic view of venture investing, angel's role in it, opportunities for angel investing in EU & Baltics, and some startup evaluation frameworks.
This week will help narrow down practical questions over personal strategies in angel investing and manage expectations on venture capital.
Day 1. Introduction to angel investments
An eagle eye overview of Pan-European venture ecosystem, key players and how to work with them, role and profile of angels, significant gaps and opportunities for angel investing, changes happening over covid time, (eventually) required competence / experience to be a successful angel.
Day 2. Startup evaluation framework
We will go through several approaches to startup assessment and evaluation, to be applied over the next 4 weeks hands-on.
What is a startup and what is not? How to read a deck? Which evaluation frameworks could apply for different stages of investing? What metrics mean and how to read them? Lessons learned from typical startup and investor mistakes.
This week we will concentrate on defining your angel profile and dig deeper into how investors and startups could work together best.
It aims to provide guidance on how to create a repeatable and coherent investment decision-making framework that works for you over time, identify what is working and not in relations with founders, and manage expectations over a learning curve of an angel investor.
Day 1. Startup-Investor relations framework
Understanding the role of investor, areas of responsibilities, typical investor and founder mistakes in decision-making (who is in charge of what). Understanding investment risks, expected time horizons, and how your role and impact may change or evolve over the time.
Identifying your personal preferences and reasonable expectations over what type of founders are you looking for and what kind of added value you may provide them with, and how actively you would like to be involved.
Day 2. Building your angel profile
Matching your risk profile, liquidity expectations, personal preferences, experience strengths, access to dealflow and network to specific investment strategies where you can hit founder-product-market-investor fit easier.
What’s your reasons to invest in startups? What's your personal skillset and aligned investment strategy? How can you find startups? How are startups going to find you? What’s your appetite for risks and available liquidity to invest? What’s your time horizon for exit? What’s your network and where can you find great ideas to invest in? Who do you partner with for investments and exits?
This week’s dive is going to be all about startup assessment and evaluation: good and bad decks, early and later stages, different industries, different metrics, a variety of deal structures.
How to assess the deal, and how to assess if the deal is right for you? Assessment and valuation is a skillset that needs to be trained in practice, the more the better. We will put to practice everything that we have learned in two previous weeks and narrow down practical questions over your next steps as an angel.
Day 1. Pitch session
Live startup pitch events, where you would be able to ask them questions, check out decks and outline your own view / bet on each of them as a part of practical workshop and homework.
Explore your personal investment profile and apply valuation frameworks, via hearing out startups pitching live and making your own assessments.
Day 2. Let’s use the evaluation frameworks
Explaining your own assessments, sharing peer-to-peer insights and questions, listening to experienced angels and VCs evaluating companies will provide a bigger view on frameworks, process, and skillset. It will also help you refine your angel profile and strategy.
This week is going to be about two distinct types of investment strategies for angels: follow and lead.
Previous workshops have given you a glimpse over what the work of an angel investor typically consists of, and what of that workload you would prefer to do yourself, join forces or outsource. Through the next two workshops we will dive deep into the step-by-step work process if you choose a follow or lead strategy, to help you fine-tune your preferences, interests, and investment approach.
Day 1. How to syndicate deals
Key syndicate features, how to find and join them, responsibilities of a backing angel, expected workload and decision-making. One of the options of an easier entry point into angel investing while learning and building up your own network.
Day 2. How to lead the deals & due diligence
Responsibilities and expected workload of a lead angel (in a syndicate or simply bringing other investors together), pipeline and paperwork, due diligence for founders and for angels, co-investment network, portfolio management.
Getting to a program close, we will briefly cover all topics of previous weeks, concentrating on your personal learnings, findings, insights, practical questions, and next steps.
Practice, practice, practice: analysing markets, networking with founders and other investors, going to pitches or receiving them, making your own assessments even if on paper, – and eventually investing your money over what you consider a reasonable assessment, even if (or especially) it will turn out to be a mistake over time.
Day 1. Round table with angels and VCs (5 EU/USA-based VCsb)
How to train yourself to become and be a better investment decision-maker? What were your biggest learnings over the time? What do you consider your investment failures / misses? How long did it take to define, outline and polish your repeatable investment decision-making process?
Day 2. Wrap-up of the program and reflection session
Your personal and group learnings, insights, surprises, perspectives. Feedback for the program.
Program’s graduates will be able to:
- Evaluate startups using different methodologies
- Create their personal angel profile
- Build a personal portfolio
- Apply the frameworks of collaboration with startups
- Use the frameworks of syndication and co-investment
- Negotiate different investment conditions to startups
- Lead or co-lead deals
Audrius Dzikevičius, Business Angel and Fundraiser at Eurokonsultantų Grupė:
Learning at the Business Angel School was an impressive experience. We got both fundamentals that were well structured, and meetings with experienced business angels and even one-to-one meetings with startups themselves. The program definitely was useful since I committed to investing in two startups that were discovered and presented to us during the course. Now, I am more methodic while considering startups to invest in.
Tauras Pėstininkas, Angel Investor:
Few weeks spent in Business Angel school was extremely productive for me because I opened the door to an unknown world of early-stage startups. I like almost everything - learning methods by example - networking, and especially the high energy of lectors and ecosystems.
The final stage when we invested in the startup was also exciting, making some safe practice doing that in syndicate style. ROI on that investment I feel less important compared to experiences I got in the porches itself.