Diversity, in every sense of the word, gives us more capacity to help startup founders on a mission to solve big problems. Investing in women-led startups can generate both higher revenue and more gender-equal society. In the startup scene, there is a need for more female founders as well as female investors.
Currently, 11% of Finnish Business Angel Network (FiBAN) members are female investors, and the community of angels hopes to see more women joining the network. To encourage women and enhance gender equality, we now share brief stories of some female business angels, who represent the FiBAN community together with other enthusiastic angel investors.
These power ladies are "People of FiBAN" and belong to one of the world’s biggest business angel networks of 670+ angel investors.
My investment strategy is based on what I can give and learn with the company + understanding on what is sustainable business. Learning is the new currency.
My tip for fellow investors is to be patient and active - don’t be afraid to take a position in the board, the work always gives more than takes.
My tip for fellow investors: use enough time to find out broadly the real capabilities of the team members and its internal dynamics; 2. having a serial entrepreneur in the team from the beginning is a benefit; 3. timing is everything!
Outside the FiBAN activities you’ll find me being a downhill ski instructor for my grandchildren in the Swiss Alps, in my greenhouse growing trees & vegetables & herbs, in art exhibitions or searching for new scientific discoveries having large market potential.
Being a business angel makes me excited because I am able to develop Finnish startup communities further. I also hope that in the future I can give more time and know-how for startups.
My investment strategy is based on finding business ideas that I understand, scalability, and most importantly a good team.
Being a business angel makes me excited for many reasons: I get to know new, interesting people - both entrepreneurs and fellow-angels. I can apply what I have learned in the past, both working with corporations, but also as a start-up entrepreneur. Most importantly, sharing my own mistakes, so that entrepreneurs won’t repeat them - they have plenty of opportunities to make their own.
Outside the FiBAN activities you’ll most probably find me at New Nordic School negotiating deals for transforming education with Finnish type of education in India, Middle East or Southeast Asia.
Being a business angel makes me excited because of the opportunity to help other entrepreneurs.
Female founders rock because they deliver good results.
Outside the FiBAN activities you’ll most likely find me at my office listening to a startup pitch, running a business networking event or getting chlorinated at the swimming pool!
My tip for startup entrepreneurs is to embrace value creation, good work ethic, integrity and persistence and move faster than the rolling stones!
I get the most kicks when I can be part of building something new or something that is changing the world for a better place.
The last time that made me proud of myself was while on the board of a company - not being an engineer but economist, I got my mobile phone related idea patented. I enjoy innovating!
Being a business angel makes me really excited because working with start-up's and technology companies is interesting, rewarding and gives me perspective. Being an investor too brings me closer to the company and makes working together more meaningful.
Diversity matters because many studies show that diversity and gender equality promote better financial results of businesses. There should be more women and minorities in the boards and business leadership as well as investors of companies. Finding no qualified women does not tell anything about women not being qualified - but it does tell all about the lack of networks of the people who could not find any qualified women. Same of course applies to other minorities.
Currently I’m excited about developing the activities of the Global Super Angels Club and preparing for the next Global Super Angels Summit. Additionally, about Marbella Tech Meetups - we are organizing and promoting the tech community around Málaga and South of Spain. Big vision: #CostaDeStartups! I wish to contribute in bringing Finnish startups to Spain, and to the Spanish speaking market with huge potential. I advice eg. PropTech, TourismTech and HealthTech startups to consider the opportunities in this area.
As a multicultural Finn, living in Spain, I’m eager to find ways to help FiBAN and Finnish/Nordic startups in their internationalization efforts.
Being a business angel makes me excited because I meet a lot of interesting people with new business ideas and when I feel that I have been able to help in some way to take the idea further.
Currently I’m excited about establishing a venture capital fund in South Savo. The fund is intended for early-stage growth companies and hopefully the fund will start operations this summer. The implementation of this project has taken approximately two years.
Being a business angel makes me excited because it´s a sneak peak into the future. Working with startups provides a way to experiment on ideas and collect the learnings quickly.
Diversity matters because research shows that diverse teams make less biased and better decisions. This should ultimately result in growth of individuals, teams and companies.
Being a business angel makes me excited because you can learn a lot from the entrepreneurs and fellow angel investors.
At the moment, I’m eager to learn more about AI and machine learning.
My private angel investment strategy is based on the combination of finding startups that are solving grand problems with digital solutions, are working on areas that I understand and can help with but can also learn something new myself, have fantastic teams that are just nice to hang out with, and are not in the investment focus area of my day job. And naturally in addition to the previous, startups need to tick the right boxes on what makes them a good investment opportunity.
Outside the FiBAN activities you’ll find me investing in startups that are transforming the energy sector and the related fields. Personally, I am particularly interested in the teams that are trying to address climate change.
Who else are the people of FiBAN?
The ladies introduced in this article represent a part of FiBAN's female angel investors and the whole community of 670+ angel investors. Almost half of FiBAN's board members are women - check out what Noora Fagerström, Saga Forss and Annukka Mickelsson have to say. Also, a majority of people in the FiBAN office are women - get to know the team.
Want to join the FiBAN community of business angels? If you are thinking of becoming a business angel yourself read more on how to apply for FiBAN membership.
Heidi Tawast, Community Manager, FiBAN
FiBAN's news about startup investing.