Lessons from pitching
In the recent pitch event in Ancona, Paolo Anselmo, IBAN president (Italian Business Angel Network Association), made a presentation very useful for understanding the start up financing business. Here you can read the presentation (.pdf): Pres_Anselmo
Some remarks are particularly inspiring:
Banks perceive SME as a riskier biz; there is a great distance between the attitudes of businesses and the methodology used by financial bodies; in Europe (and in specific South Europe) capial market ids fragmented and immature; there is an under evaluation by start uppers as regard as the exit strategy of their business idea.
The final part of the presentation is useful to understand the different biz-models of equity providers, VC and Business Angels.
Tags: business angel, equity provider, venture capital