• +34 645 37 94 43
  • info@dohertyassoc.com

Tag Archive EBAN

Turkish Dragon Baybars Altuntas

EBAN Congress 2015 – Baybars Altuntas of Turkey has been awarded second time as Europe’s best individual in globally engaging the early stage investment market within the entrepreneurial ecosystem at a gathering of more than 200 high net worth individuals from across Europe and the US in Eindhoven this week.

Baybars Altuntas was one of the 150 entrepreneurs invited by President Obama for the Presidential Summit on Entrepreneurship in 2010. Altuntas was the only entrepreneur given by personal audience by President Obama before the summit at the White House.He is a very succesful entrepreneur and angel investor who set-up his 50 million dollar valued company, Deulcom International, from scratch while he was a university student. He is also one of the dragons of the Dragons’ Den, a worldwide known TV show on entrepreneurship. His best-seller book  ‘Off the Bus! Into a Supercar’ has been translated into many languages. He is an idol of university students willing to be succesful entrepreneurs in the future.

Baybars Altuntas – President TBAA – Business Angels Association – Turkey

Recently, we sat down with the Turkish Dragon for his take on angel investing, the startup ecosystem and crowdfunding. He was recognized  by EBAN – The European Trade Association of Business Angels – as 2013’s Best Individual in Europe Globally Engaging with Entrepreneurial Ecosystem.

Turkish Dragon Baybars Altuntas

Baybars Altuntas is a global entrepreneur, best-selling author, angel investor, columnist, star of the Turkish version of the television show Dragons’ Den, President of the Business Angels Association of Turkey, President of Deulcom International, Vice President of the European Trade Association for Business Angels, Seed Funds, and other Early Stage Market Players (EBAN), and the World Entrepreneurship Forum’s Ambassador to Turkey & the Balkan countries. He was recognized again by EBAN in 2014 as the Best Individual in Europe Globally Engaging with Entrepreneurial Ecosystem.

Mr. Altuntas is also the founder of Deulcom lnternational, the first vocational training school of Turkey and named by the Economist – Turkey as one of the top 100 franchise companies of Turkey. Deulcom lnternational became one of the fastest growing trademarks in Turkey and was recognized in 1997 by Eurowards as the third-fastest growing brand in Turkey only five years after he had founded the company. Founder of UFRAD – Turkish Franchise Association. Introduced lATA Educational System to Turkey. Elected as the Best Businessman – 2010. Was one of the 150 entrepreneurs invited by US President Barack Obama to the White House Presidential Summit in Washington DC. He was the only participant who was given a personal audience by the US President before his summit. After the US President’s speech, CNN International interviewed Baybars Altuntas live at its Washington studios the only delegate interviewed.

One of the dragons of Dragons’ Den – Turkey, entrepreneurship TV show. His book ‘My way to Dragons’ Den’ has still been the best-seller in Turkey. His company Links Angel BAN is acting as a business angel platform supporting start-up businesses in Turkey. President of TBAA – Business Angels Association of Turkey. Board member of EBAN – The European Trade Association for Business Angels, Seed Funds, and Early Stage Market Players. Board member of WBAA – World Business Angels Association.

How did you get into angel investing?

I was invited to become involved Dragon’s Den (European version of Shark’s Tank). Through  that process I realized I was an Angel investor.  As a result of being on the show, I became a celebrity in Turkey and the go to guy for Angel investing.  I receive 50 or more business plans a day.  To handle the opportunities, I created Links Angel BAN with funding from 30 Turkish investors.  Our primary investment focus is IT and mobile.  I am now president of TBAA – Business Angels Association of Turkey and Vice President of EBAN. I am also the Coordinator of European Business Angels Week.

Turkey start up scene

Turkey passed a law recognizing accredited angels and providing tax credits and incentives.  This created about 250 accredited angels and 10 new angel networks.  To learn more – The Opportunities Behind Angel Investments in Turkey.

Most of the startup activity is centered around IT, Mobile and eCommerce.

Of course, we have not begun to see any significant exits. In Turkey, we have created liquidating events up to 1 million USD with Istanbul Stock Exchange Market.  This is result of the work done by EBAN in creating the Startup Investors’ Manifesto (in particular the 4th section) and will be introduced on December 15th at the 1st European Business Angels Investment Forum in Istanbul.

What is Crowds’ Den?

Crowds’ Den is a live event to support startups. I created this idea and World Entrepreneurship Forum took this into their upcoming agenda in Lyon. It is an event where startups will be funded online by crowdfunding technique.

I am excited that we will be announcing Crowds Den at the World Entrepreneur Forum –  Entrepreneurship 3.0: Unlimited Opportunities.  The Forum’s 7th edition will take place in Lyon, France, on October 19th-22nd, 2014 and will revolve around Entrepreneurship 3.0: Unlimited Opportunities.  I am not just the creator of the idea and format but also I have been one of the panelists of the event.

What do you think of Crowdfunding for early stage capital?

We all know that the first thing angels want to see is a demo/product.  Producing the demo has a cost, and not all entrepreneurs have the finances to fund the demo.  I believe crowdfunding will fill this gap providing up to 25K to help businesses through the initial development stage.

What do you wish you knew when you started as an Angel.

In the beginning, I tried to understand if the business model and plan were compelling.  But it turns out that was really was all about the entrepreneur.  Angels invest in the founder’s ability to attract a team that can execute the business model.

What do you look for in a startup?

When I meet a new company, I want to see the demo first. If there is no demo, then you better be able convince me you have a viable business model.  The business model is more important than the business plan. Anyone can write a plan, but we really want to know how we are going to make money.

What is the worst thing someone can do when they are pitching you?

Entrepreneurs forget angels are human beings.  They try to tell us our job. They try to dominate the conversation, correct assumptions and such.  This shows me they are not open to suggestions and we won’t be able to work together to create value.

Do you only invest in Turkey?

Cross border investing is challenging, We can’t do it alone, so we participate with local business angel networks and syndications.

To learn more –

His blog for global angel investors: http://www.baybarsaltuntasnotes.com

His blog for Turkish entrepreneurs: http://www.baybarsaltuntastips.com

Turkish Dragon Baybars Altuntas


Our interview with Baybars Altuntas – President TBAA – Business Angels Association – Turkey & Vice President of EBAN is part of an ongoing series by Angelsbootcamp focusing on Angel investment and the Start Up ecosystem.  Angelsbootcamp is a Startupbootcamp initiative to train Angels across Europe and beyond…

 

EBAN Helsinki 2014 Winter University

Over 350 Angels Commute to Helsinki, Finland.

EBAN Helsinki 2014 Winter University starts Monday 17th November bringing the world’s top early stage investors together with Slush, Finland’s signature entrepreneurial event, lasting for three great days until Wednesday 19th November.

EBAN Helsinki 2014 Winter University

Mobile gaming, impact investing, creative industries, crowdfunding trends and cross-border investments will be among the most prominent sessions.

EBAN Helsinki 2014 is around the corner and EBAN anticipates an exciting event at starting this Monday 17th November running together with Slush, lasting until Wednesday 19th November. Mobile gaming, impact investing, creative industries, crowdfunding trends and cross-border investments will be among the most prominent sessions.


Join the Europe’s Number 1 Conference for Business Angels!

FiBAN and its over 400 private investor members have the great honor to host this upcoming EBAN Winter University event. This is your opportunity to invest in your knowledge and essential networks.

  • International startup investing superstars sharing business angels best practices and success stories
  • In line with the strongholds of Nordic startup community, focus on ICT, mobile, and games
  • Networking opportunities with international investor community and sector focused groups
  • Links to international startup funds, investor syndicates, and investment opportunities

We will offer you a well-organised world-class conference experience with two intense days full of conference program. We have over 70 international startup investing superstars sharing business angels best practices and success stories. And why not come already for the weekend to enjoy the city and the exciting social activities program we’ve planned to for you. It is also highly recommended to extend your visit for Slush, Europe’s leading startup event on 18-19 November. You can purchase combo tickets for both conferences from the Slush Investor Registration.

EBAN is the pan-European representative for the early stage investor community, gathering 146 member organisations in 41 countries today. Established in 1999 by a group of pioneer angel networks in Europe with the collaboration of the European Commission and EURADA, EBAN represents a sector estimated to invest 7,5 billion Euros a year and playing a vital role in Europe’s future, notably in the funding of SMEs. EBAN fuels Europe’s growth through the creation of wealth and jobs.

EBAN Congress 2014

“The Power of the collective: Business Angels, Seed Funds, Accelerators & Incubation Space”

EBAN Congress 2014

The theme for the EBAN 14th Annual Congress and 9th Annual Awards is “The Power of the collective: Business Angels, Seed Funds, Accelerators & Incubation Space”. EBAN is the pan-European representative for the early stage investor community, gathering 109 member organizations in 37 countries today. Established in 1999 by a group of pioneer angel networks in Europe with the collaboration of the European Commission and EURADA, EBAN represents a sector estimated to invest 5.1billion Euros a year and playing a vital role in Europe’s future, notably in the funding of SMEs and creation of wealth and jobs.

Our members range from Business Angel Networks to Early Stage Funds and other market players active in the equity investments into early stage companies. EBAN’s mission is to lead the representation of Business Angels Networks and other Early Stage Investors in start-ups in Europe and to be a platform of exchange and professionalization for them.

About EBAN

Who are we

EBAN is a non-profit association representing the interests of business angels, business angels networks (BANs) and federation of networks, seed funds and other entities involved in bridging the equity gap in Europe.

EBAN was established with the collaboration of the European Commission in 1999 by a group of pioneer BANs in Europe and EURADA (European Association of Development Agencies).

EBAN is a non-profit association representing the interests of business angels, business angels networks (BANs)

EBAN is a non-profit association representing the interests of business angels, business angels networks (BANs)

 

What We Do

  • Represent the early stage investment market in Europe
  • Carry out research on the angel market and produce facts and trends
  • Identify and share best practice
  • Promote the role and visibility of business angel networks and early stage funds in Europe
  • Promote synergies and networking opportunities among actors in the industry
  • Support the emergence of professional structures and quality standards across Europe
  • Support the internationalisation of the angel and early stage industry and movement
Note:  EBAN is not a direct investor in entrepreneurial companies.

Our Constituency

  • Federations of business angels networks
  • Business angels networks with a transnational, national, regional and local coverage
  • Early stage venture capital funds
  • Other entities involved in promoting the early stage investment market in Europe
  • Individual business angels

EBAN Congress 2014

Business angels learning from each other

According to EBAN (The European Trade Association for Business Angels), only 10% of potential European angel investors are actively investing in start-ups. We believe transparency, experience sharing and hands-on training will motivate executives, entrepreneurs and finance professionals to become active angels. Our goal is to motivate investors throughout Europe to become active angel investors thus supporting the European Start-up ecosystem, building companies and creating jobs. We will meet this goal by reducing the barriers that prevent them from becoming angel investors. This is why we have created Angelsbootcamp as a hands-on, interactive way for angel investing veterans and early stage venturing insiders to share the knowledge they have accumulated over years of executing deals.

Angel Investors have a huge impact on early stage company growth and job creation because they provide nearly 90% of all outside equity for startups. Angel investors tend to invest in companies with the potential for high growth. In 2012, European Angels financed 2.913 companies and created 17.881 jobs.

The more an angel investor understands about executing and managing the fundamental elements of early stage investing, the better positioned they are for generating greater returns on their investments. At Angelsbootcamp, we offer you the tools and experience to execute early stage investment deals to increase investment returns, grow successful companies and create jobs.

Business angels learning from each other

Angelsbootcamp participants learn through shared stories of success and failure.  Battle scars will be revealed in a judgment-free and supportive environment.  Connections will be made with other angels, many of which will continue to network and syndicate far after the event has completed.

At Angelsbootcamp, we deliver practical, actionable and relevant knowledge to the next generation of European angels – especially those aiming to become lead investors in the long run. Whether you are a first timer or an active angel, Angelsbootcamp is for investors who want to learn hands-on.

Angels Wanted

  • Entrepreneurs looking to make their first investment following a successful exit
  • Industry heavyweights who are looking to connect with exciting innovation happening outside the corporate world
  • Wealth management executives and representatives of family offices looking to diversify their portfolio
  • Active angel investors looking to hone their skills and take their portfolio to the next level
  • Start-up mentors, accelerator & incubator managers looking to make better choices

Join angels from around the world for an intense 2 days of interactive investing sessions run by seasoned veterans and industry insiders.

Angelsbootcamp

This Week in Digital Health
Get the latest content first.
We respect your privacy.