Business angels or business devils?

Posted on 12 décembre 2007 at 14:00 in Business |
Author : pauline

angel_investorTheir favourite place to be during LeWeb3? The networking lounge. Here they can make deals -most of the time big deals. They are the business angels - the ones who make it possible for many startups to blossom.

Their philosophy can be summed up by these words from Morten Lund: “Revenues and profits. I’m crazy about that”.

This is mostly a matter of good choice and selectivity. “You have to pick the right companies you want to invest in,” Jean David Chamboredon explains.

The key principle is to sense trends as they are happening in order to invest in the right company at the right time: be selective, because if you fail, you could lose a lot of money. Oliver Jung, for instance, makes 38 to 39 deals a year, because as he says: “I really love startups and deals”.

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