I just remembered I did get an invitation at last week’s DEMO Africa Investor round-table meeting for an event happening later this evening. It sure looks like in another bid to solve the issue of ‘funding’ and building the ‘investor ecosystem’, the Wennovation hub in collaboration with other stakeholders has decided to launch the Lagos Angel Network.
Yes! The Angels are coming with bags of money. If you are asking who these angels are, we are in the same boat, and I cannot wait to see the list at the launch. However I can say one person most likely to be on the list is Tomi Davies (CEO, TechnoVision Communications).
My Top 3 Definitions for Angel Investor
How it works: An angel investor or angel (also known as a business angel or informal investor) is an affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity. – Wikipedia
Who they are: A person who provides backing to very early-stage businesses or business concepts. Angel investors are typically entrepreneurs who have become wealthy, often in technology-related industries.
What they do: (Angel Investors) Individuals who back emerging entrepreneurial ventures, sometimes as a bridge to venture capital. Funding levels typically range from $50,000 to $2 million.
OTEKBITS will be at the Inaugural event alongside the Lagos State Honourable Commissioner of Science & Technology, Adebiyi Madadeje who is the guest of honor. So keep an eye on this space for more information post-event. You can also check out lagosangelnetwork.com for more.
[image via BW]