BeAngels Academy

An intensive training course, unique in Belgium

  • Learn how to invest in startups from experienced investors
  • A high-quality training program in 8 intensive modules
  • Topics for learning the mindset, the secrets and the techniques for successful investment
Price

The next cycle of the BeAngels Academy

Our 8 training modules

Our formulas are based on the experience of our investors and provided by them; participants will learn all the basic concepts necessary to embark on their investments with a hands-on approach based on real cases.

  • Module 1 – The Investment Cycle

    Complete overview of the typical investment cycle by a business angel, to provide a common base of understanding before addressing the subjects in greater detail.

  • Module 2 – Due diligence

    • Explain the benefits of a rigorous due diligence process as part of an investment
    • Define the steps preceding the due diligence process
    • Identify the available resources and apply the project-specific analysis methods
    • Establish a consensus on the economic viability and the risk management

  • Module 3 – Valuation

    • Understand the purpose of valuation for the parties involved
    • What are the conventional valuation methods?
    • Understand the limits of conventional valuation methods and adopt good practices

  • Module 4 – Negotiation: from Letter of Intent to Agreement

    • Understand the process steps leading up to the shareholder agreement
    • Understand the common clauses of the agreement
    • Identify good practices for seed capital

  • Module 5 – Portfolio Management and Monitoring

    • Making an investment decision
    • Measuring the participation
    • Monitoring your investment portfolio
    • Investing in equity vs convertible debt
    • Accretion plan – advantages and drawbacks
    • Capitalization table: what does it look like and how to update it?

  • Module 6 – Key Principles of Good Governance

    • How to establish an effective support relationship and the foundation for good governance?
    • What does a startup’s board of directors look like and how does it work?
    • How to create value as a director?

  • Module 7 – Refinancing

    • Main challenges and focal points - project risk management
    • When does refinancing generally make sense?
    • How does it work? Impact of the exercise of pre-emptive rights
    • New due diligence at the next round

  • Module 8 – Exit Preparation

    • Rethinking the investment process with sufficient emphasis on exit
    • How and why plan an exit strategy immediately after acquiring a shareholding?
    • What are the different types of exit and what does the process look like?
    • How to maximize the value of your portfolio by limiting losses and maximizing value at the time of the exit?
    • How to manage unprofitable investments?
    • How to make a “good loss”?
    • Tax aspects - treatment of capital gain