AFRICAN ANGEL INVESTOR SUMMIT #AAIS2017 is here

Africa’s early stage investor community comes together November 15th and 16th, with a bonus ‘Cape Town Innovation Tour’ November 17th for the 4th annual African Early Stage Investor Summit – #AAIS2017. This exclusive investor-only event, hosted at Workshop17 in Cape Town, South Africa, unites key stakeholders in the ecosystem from across the continent to exchange best practices, share lessons learned and plot the roadmap for the future.

This years’ theme ‘START-SCALE-EXIT, F(o)unding Great Startup Teams Poised For Global Success’ focuses on the role investors play in working with startup teams to scale internationally and ultimately exit. Topics key to this year’s event will for example be:

  • expanding from Africa to the world;
  • building international syndicates;
  • taking startup teams from idea to exit;
  • angels exiting to VC’s.

WHY ATTEND

Joining #AAIS2017 provides a unique opportunity for you to network with the most influential thought leaders in the early stage investment space and to plug into the African tech startup ecosystem. Learn and exchange knowledge with a network of top investment experts and exchange best practices with like-minded investors. Register now to get access to quality deal-flow and explore co-investment opportunities in the continent’s top companies.=

SUMMIT PROGRAM

Tuesday evening – November 14:
Invite-only speakers cocktail (at the Waterfront – exact location TBA).
Wednesday – November 15:
Full day Summit at Workshop 17 (17 Dock Rd, V & A Waterfront) + the network dinner at Two Oceans Aquarium (Dock Rd, V & A Waterfront).
Thursday – November 16:
Full day Summit at Workshop 17 + World Bank Policy Meeting (invite only parallel track) + After party.

Friday – November 17:
‘Cape Town Innovation Tour’: Mainly for our overseas guests (limited seating + $50 contribution). This tour aims to give you a great introduction to the ecosystem, access to the entrepreneurs and leaders building the sector, and you’ll spend the day being hosted by industry experts who are embedded in the community. Register your ticket here.

FOR FULL SPEAKERS, SCHEDULE AND TICKETS VISIT: https://vc4a.com/aais2017/

ANNUAL AFRICAN ANGEL INVESTOR SUMMIT 2017 INVITE

Join us in Cape Town to meet Africa’s early-stage investor community!

Get Tickets here

Women in Angel Investing – Cape Town session

Women in Angel investing – JHB session

The “Women in Angel Investing” Session in JHB was hosted by Innovation Summit, GoBeyond Investing and SABAN on May 16th.

Angel Breakfast with EBAN president emeritus Peter Jungen

Global Entrepreneurship Congress JHB

Angel Investor Masterclass

SABAN hosted an Angel Investor Masterclass at Rise in Cape Town with Newtown Partners’ Llew Claasen and about 25 prospective or current Angel investors.

Here some insight snippets:

  • Many startups fail because of the inability of the entrepreneur to execute on the opportunity”
  • Angel Investors utilise their own experience and network to extend the start up entrepreneur’s opportunity and ability.
  • Focus on an industry segment that is underserved by existing solutions. Start ups that do something a little bit better are a poor bet.
  • Out of 10 investments: 4 will fail in year one, 4 will do alright, 2 will do well.

     

 

SABAN Angel Investor Training & News Updates

It’s a particularly busy time in the South African entrepreneur-investor world over the next week as Johannesburg hosts GEC 2017 – the Global Entrepreneurship Congress. SABAN is co-hosting cocktails for investors and agripreneurs on Wednesday 15th March, contact us if interested in attending.

This afternoon SABAN hosts its first angel investor training session in Cape Town, where Newtown Partners Managing Partner, Llew Claasen, will unpack key principles and share from his many investment experiences. More below.

Looking ahead: Towards the end of March, Peter Jungen will be in SA, with decades of experience and legend-status in Germany. Join him for lunch in JHB on the 24th or dinner in CPT on the 28th.

And then, hot-off-the-press, in May we will have two ‘Women in Angel Investing’ evenings, more details to follow, Save The Date: 16th May JHB, 18th May CPT.


Angel Investor Training | Cape Town

Taking place at Rise, created by Barclays at the Woodstock Exchange in Cape Town this afternoon, we look forward to kicking off Angel training in SA. If you could not make this session, but are interested in future training, please contact us so we can guage interest and plan future events.

The session will cover everything you need to know to get started as an angel investor in SA, including: the setup process, identifying good opportunities, due dilligence, negotiating transaction terms, valuations, deal syndications, balancing your portfolio, your involvement as an investor, second-round financing and exits. The session will also look at best practices for maximising your returns.

Email chrisc@socius.ch for enquiries on last minute availability.

More details of the event are available at: http://qkt.io/tJx0sy

**Note: All proceeds go to SABAN. The South African Business Angel Network (SABAN) is a non-profit, industry association dedicated to growing angel investing in South Africa.


Peter Jungen Visits South Africa

Mr Peter Jungen, German Angel legend, is in town (ie. South Africa) for an Oppenheimer family moment late March and we will be hosting two informal meet-ups to hear his thoughts on the future of global angel investing. [100 word bio]

Check your diary: lunch in Johannesburg on Friday 24th March and dinner in Cape Town on Tuesday 28th March. Not to be missed.

Space is limited, if interested in joining contact Chris at chrisc@socius.ch with a winsome reason to have a seat at the table.



SABAN News & Updates:

– Investor Cocktails in Johannesburg at GEC 2017 on 15th March [Enquire]

– National Treasury Announces Relaxations on IP Exchange Control [Read]

Save the Date: Women in Angel Investing, 16 May (JHB) & 18 May (CPT)

 


SABAN Objectives:

– Raising awareness of Angel investing activity

– Capacity building / training

– Lobbying for regulatory improvements

– Seeding Angel Groups in major economic hubs

– Research

– Accreditation

– Networking

– Awards

5 lessons for (women) business angels

Sara Weinheimer, Founder of podcast series BroadMic looks at her top 5 lessons learned in years of angel investing. The article was published on linkedin.

When I first started out as an angel investor, I didn’t know any other women who were doing what I was doing. If you look at the data, my experience makes sense: In 2004, just 5% of angels were women; when I started out in 1997, there were probably even fewer.

So it’s only natural that everything I learned about investing, I learned from the guys. Not that it occurred to me then that I was learning to invest in a particularly “male” way. It’s only now, after nearly twenty years in the business—the last ten of which I spent investing specifically in women-led startups—that I realize just how important some of those lessons that I learned early on were to my success.

It’s not that men have some sort of secret playbook for investing that they hide from women. But what they do have is a strong network of—mostly male—colleagues and friends who pass on knowledge to one another such that it becomes second nature. If they did have a playbook, however, here are the top five things it would probably include:

Lesson 1: Bet on the jockey, not the horse

I can’t stress this one enough. It’s true that there will be good investments and bad investments, but at the end of the day, what you are investing in is a person more than a product. And if you don’t believe in that person—his or her ideas, talent, and ethics—then it’s going to be a poor investment of your personal capital—no matter how sound the business fundamentals are.

When you’re an angel, it’s not just money that you’re putting on the line: It’s an investment of your time, energy, social and intellectual capital. You have to ask yourself: Am I willing to spend my nights and weekends giving this founder advice? Will I go to bat for them? Will I put my own reputation on the line by connecting them to my network? In short: you have to ask yourself whether you believe in them and trust them.

Lesson 2: Deal flow trumps due diligence

A mistake I see many women angel investors make is thinking that doing more due diligence will lead to a higher probability of success. Due diligence can be a time-consuming and costly process, and many entrepreneurs have been advised—correctly—that they should make the fundraising “campaign” as short as possible in order to get back to running their business. Be sensitive to their reality.

Yet, there is a basic assessment of a company’s prospects that every angel investor must make in order to get comfortable with writing the check. But doing more homework does not necessarily equate to a better outcome. Instead, focus your energy on deal flow, which “is everything,” as prominent VC investor Marc Andreessen once put it.

The best entrepreneurs don’t just walk through the door—you have to go out and find them. It’s a lot of work. It’s hard to do on your own, which is why joining investor networks—whether formal or informal—can make sense. Here’s where doing the homework is important: Look at how well these investor groups do their job of attracting the best entrepreneurs.

Lesson 3: Diversify, diversify, diversify

It’s also a waste of time to try to be a great early-stage stock picker. A much better strategy is to place smaller bets on a portfolio of 20-30 companies, as a large majority of startups simply won’t make it—for any number of reasons—and you need to prepare for that. Early-stage startups are a much more volatile asset class than your average stock or bond: More than half of them will fail to return your invested capital.

By spreading your risk, you increase your chances of finding big winners (think Uber) that will more than compensate for your losses. Research confirms this: diversification is the single factor with the highest correlation to successful returns in early stage investing. Furthermore, the biggest hits don’t look like big hits early on.

Diversification matters not just at the level of your portfolio, but also upstream, at the source of your deal flow. You don’t have to join just one investor network; in fact, I recommend participating in several groups that are complementary in terms of industry sector, investment size, stage, process and membership profile.

Lesson 4: Know what you don’t know

One way to minimize—but not eliminate, that’ll never happen—losses is by developing relationships with people who understand the space you’re investing in. And I don’t just mean the company or product, but the entire space, whether it’s food delivery, social media or artificial intelligence. You can’t become an expert in everything, but, in the same way that the President has his or her cabinet, so do you need a network of people you trust whom you can call upon to advise you about your potential investments.

These people shouldn’t all look the same, and they don’t all need to fit a certain mold, (e.g., be professors or industry lifers). They just need to be people who have their finger on the pulse of whatever space your startup is disrupting. If it’s social media, for example, then it may be someone who’s a lot younger than you—because they sure as hell better understand how Snapchat works, especially if you, like me, are still not entirely sure what the big deal is.

Lesson 5: Be in it for the long haul

If you’re looking for quick returns, you’re in the wrong business. You should assume that every investment you make won’t yield returns for at least five to seven years (usually closer to 10). Of course, there may be some quicker exits, but for the most part, you should operate under the assumption that when you write the check, you won’t see the money again for a long, long time.

Just as your investment in the company is long-term, so too is your investment in its founder. Like in any relationship, there will be bad times along with good times, and the only way it can work is if you are willing to stick by the founders and help them work through their issues in whatever way you can. That can be through proactively making introductions to clients, talent, or other investors; offering strategic advice; or just periodically checking in to see how they’re doing.

Continuing to move forward in this space is a lofty, but worthy goal. When there are more female angels, more women-led companies get funded (about 20% today vs. 3% in 2004). The same is true in venture capital: the gender gap in startup success disappears when women fund women. When more of these companies get funded, everyone wins: the economy, thanks to the jobs that are created; and the consumer, who gets better products, thanks to the unique insights that women bring to innovation.

So let’s take this mythical “secret playbook” and make it our own. Network, share deal flow, find the best entrepreneurs, cultivate their trust, write checks, diversify…rinse and repeat!

Launch – Event Photos