Northern Ireland Seed – Halo Angel Network
January 22, 2009 Leave a comment
I’d just like to say a big thank you to Roisin Clancy for sending me the event slides for last week’s Frameworks seminar on seed capital in Northern Ireland. Having now had a look at the slides, there are some interesting tidbits from the powerpoint presentation. I believe the sample was taken from 2007 and draws upon the Kauffman Report. Here are some of the details:
– Average due diligence spent on companies was around 20 hours.
– 7% of investments returned 10 fold or more.
– Higher angel involvement generally equated to higher returns.
– 68% of second round follow-on investing resulted in a loss of capital.
I will be looking out for more on the Northern Ireland angel network, Halo.
The original article that led me to the event is here.