If you’ve ever thought of becoming an angel investor, the new Be an Angel web site, launched today, is hosted by the British Business Angels Association, and has been designed to provide you with the information and resources you will need before making your first investment.
The launch of the Be an Angel web-site coincides with the launch of Lord Young’s Enterprise report “Make Business Your Business” being launched today and a new £82m loan scheme for young people seeking to set up a new company.
It’s aimed at raising awareness and encouraging individuals to become Business Angels, giving detailed information and advice about the overall angel investing process and identifying the risks and rewards. The site also includes new downloadable fact sheets on due diligence as well a newly revised legal precedent documents and a new revised guidebook on technical and regulatory issues related to Angel investing. It also includes quotes from angels (including yours truly) about why they became angel investors and encouraging others, as well as entrepreneurs that have received angel investment.
I’m welcoming of this online initiative, together with the enthusiasm that the government is showing for upping the rate of formation of new businesses. In the end though, it’s up to us as individuals to decide whether we want to back these businesses with our hard-earned cash.