Joining BeAngels’ First Startup Investment Programme In Luxembourg

(Photo © BeAngels)

Wanting to democratise access to angel investment, BeAngels is a launching its first startup investment initiation programme called BAC in Luxembourg in February 2022. With many of the 20 spots already filled, interested parties need to be quick if they want to join this one-year coaching programme and investment adventure.

Angel investing is one of the few financial investments where the investor can really exercise some control over their performance. As such, it is an attractive avenue for many avid investors, especially those active in the world of startups.

“By sharing your experience with the entrepreneur, by giving him/her some advice and opening your address book, you optimize the chances that the project will succeed and therefore you maximize your return on investment,” says Benjamin Tillier, BeAngels Luxembourg Chapter Lead.

While one might think that joining the BAC programme is a considerable time commitment, members are given a lot of flexibility in how much time they want to spend on this programme.

“Overall, the amount of time a group member spends on the BAC will highly depend on their situation and availability. It can be as little as a few hours per month, or it can become much more substantial for those who wish to investigate in detail a large number of cases on their own during the year,” says Benjamin Tillier.

Becoming Autonomous

Suited for those who have an interest but little or no experience in investing in startups, the BAC is an excellent programme to put “collective intelligence to work” and gain the confidence and knowledge to make investment decisions in “an autonomous and reasoned manner.”

Financially speaking, participating in a BAC program requires an investment of 15.000 €. Of this amount, 2.000 € are going to the organization of the BAC and the BeAngels Academy training cycle – consisting of 8 training modules of around 2 hours. The remaining 13.000 € represent the minimum capital that each participant commits to invest during the program.

These 13.000 € are pooled with the other members of the BAC to form a shared investment capital of 260k € (20 participants in total). This shared capital is then invested in 3 startups during the year (3 investments of ~85k €, excluding possible top-ups from individual group members).

Investment decisions are then made by the group by simple majority. It is therefore a collective experience, where each participant gives their opinion based on their experience and where the group can rely on the skills of all the participants and the coach’s guidance to make the best investment decisions for one year.

Members can, of course, also invest individually during the year, independently of the investments decisions made by the BAC.

If this sounds like something you’re interested in, feel free to get in touch with Benjamin Tiller. The preparator meeting with BAC 2022 members will take place after their pitch night on 27 January at 6pm at the House of Startups and the kick-off for the launch is scheduled for the 24 February.

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