FiBAN challenges angels to ask a thousand startup founders "What's up?" - zooming in on the wellbeing of the entrepreneur
“Responsible investing is an important aspect to FiBAN and the well-being of the entrepreneur has a key role in this entirety” says FiBAN’s Managing Director, Amel Gaily. She leads a network of 670 private investors, which is one of the world's largest and most active business angel networks. FiBAN members are business angels who invest their own capital, time and know-how in unlisted potential growth companies. Business angels are driven by a strong desire to positively influence the development of future technologies, and thus advancing employment and economic growth.
The campaign aims to reach a thousand investor-entrepreneur encounters in 2020, where the focus of each connection will be on the well-being of the entrepreneur rather than the day to day business. “We encourage investors to get involved and promote a responsible discussion. One of the ways an investor can support the cause is, for example by updating their social media about the interaction with the hashtag #WhatsUpFounder. The idea behind the drive is to create a way of working where remembering the entrepreneur's well-being is a part of everyday life at FiBAN.” says Gaily.
There are always people behind a company's financial numbers. “Entrepreneurs that feel supported and recognised, are better equipped to lead their team and grow their company.” Gaily states. She emphasizes that the future’s success stories are built on a sustainable and healthy work environment: “Especially in startups, development and progress can be really fast, yet the entrepreneurs wellbeing shouldn’t be overshadowed by growth goals.”
FiBAN’s Board’s Vice Chairperson, and active business angel, Teemu Varpanen continues along the same line. “Taking care of people is not only the right thing to do, it is also beneficial to the companies. It can, for example, reduce personnel related risks and make attracting new talent easier - and more affordable. Adding to that, a business angel can be offered new investment opportunities earlier, when in addition to having the right investor profile, they are nice people as well.” Teemu concludes.
FiBAN challenges other international business angel networks, venture capitalists, family offices, and other investors to join the campaign and to remember the entrepreneur and their wellbeing, and not view them solely as growth numbers or other data points.
Managing Director, FiBAN
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