In 2014, the volume of venture capital investments in Russia fell by 26% to $ 480.9 million per year, according
to the Russian Venture Company (
RVC ) and
PwC . While investors of large funds are waiting, the activity of business angels is growing.
Firrma.ru publication together with RVK and
NABA (National Association of Business Angels) analyzed the work of Russian private investors in 2015. The study included those business angels who made at least one venture transaction in the last year, but not less than two in the last two years.
The main rating criterion is the number of projects invested in a year.
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Therefore, this list is not the best angels, but those who continue to invest most actively in startups.
Game "four wings"
The new rating confirmed the trend of recent years: business angels prefer to invest together with partners. True, if earlier they did it, including with the funds of the early stages, now they work mostly only with each other. Of the 23 business angels who filled out the questionnaire for Firrma, 13 syndicated all transactions for the last year - including through the Internet platforms (SmartHub) and thanks to the work of business angel clubs (VentureClub, Skolkovo Business Angels Club).
Issue price
Russian business angels invest not too large amounts in each project - usually $ 50–100 thousand and often even $ 25–50 thousand.
Being a guest is good, but being at home is better
The vast majority of business angels surveyed by Firrma invest in Russian start-ups - apparently, this is due to the fact that in a familiar environment it is easier to syndicate transactions and discuss working conditions with entrepreneurs. Only some private investors invest in Israeli, American and European startups.
Inputs and Outputs
For the majority of interviewed business angels, the quality of the team is more important than the project idea, and even how exactly it turned out to be embodied in the product prototype. “If I do not trust the founders or they are unpleasant to me as people, I don’t invest, no matter how attractive the project is,” admits Julian Zegelman.
Most business angels surveyed by Firrma do not have a single exit for the last year, only a few have managed to sell their share in 1–2 startups. For all the time that business angels work, most of them have no more than 2-3 exits, or none at all.
Top 7 Most Active Business Angels
1. Alexander Borodich
Source: FIRRMAThe number of invested projects for the last year: 14.
Average bill: $ 25-50 thousand.
Spheres of investments: Internet of things, cloud computing, smart cities, SaaS services.
Projects: video service GetShopTV; Healthy Food Delivery Service GrowFood.pro; Ulime.ru cleaning service; Indian Bitcoin Wallet UnoCoin; American manufacturer of home climate control equipment KeenHome; data analysis service for cost optimization AppZen; American 3D-bioprinter for regenerative medicine.
Outputs: 1.
The main rule: “I invest in people, not in projects”
2. Alexey Karlov
Source: bi-impulse.ruNumber of projects invested in the past year: 13.
Average bill: $ 10 thousand.
Investment areas: digital communications, social media, media analytics tools, infographic services.
Projects: Meerkat (online broadcasting); LifeFilm (video processing); Willdev.in (programmers testing system); an experiment with the packaging of content from events (together with the Arg.Events department), as well as a project in the concert market, an analytics project for GIF-images, applications based on LinkedIn and Twitter, a CRM service and an Apple Watch application.
There is no way out.
The main rule: “Interesting people who want and have already begun to work for themselves. To work (to program, make, sell, communicate), and not just to manage. ”
3. Bogdan Spring
Source: tadviser.ruThe number of invested projects for the last year: 10.
Average bill: up to $ 100 thousand.
Investment areas: big data, blockchain, wearable gadgets, virtual reality, financial technology, economics sharing, e-learning, healthcare.
Projects: a platform for selling photos from social networks Lobster; camera for shooting at 360 ° Panorics; baggage movement control system “Hand Luggage”; online shopping search for Shople; Mobile service for the game "Mafia" SmartMafia; Photo correction service “Right filter”; service advertising automation in social networks HiConversion.
There is no way out.
The main rule: “I choose projects whose teams are capable of setting ambitious goals for themselves, making technological breakthroughs that change established markets.”
4. Julian Zegelman
Source: intellectpro.ruThe number of invested projects for the last year: 10.
Average bill: $ 25-50 thousand.
Investment areas: e-commerce, SaaS services, iron projects, Internet of things, infrastructure projects for the bitcoin industry.
Projects: BioBots (3D printers for biological materials); mobile service for the delivery of dry cleaning to the house Cleanly; discount e-commerce platform for Purse bitcoins; search engine for large internal databases QBox.io; mobile platform for searching and managing VOIQ telemarketers; LitBit is a system for protecting data centers and hardware against hackers.
There is no way out.
The main rule: "It is better to invest more projects with a smaller check than a few, but with a large one."
5. Vitaly Polekhin
Source: RUSBASEThe number of invested projects for the last year: 8.
Average bill: $ 50–150 thousand ($ 1 million in the early stages).
Spheres of investments: joint consumption, digital health care, online education, Internet of things, games, consumer Internet services.
Some projects: German online drug selection service optobee.de; Chefmarket ready meal delivery service; service of online booking tables in restaurants Gettable.
Most of the business angels, according to Polekhin, happened because both the entrepreneur and the investor developed projects originally intended for sale, and not for an abstract contribution to the lives of future generations. “Investing even in a successful, but simply“ interesting and promising project ”can end in failure if they are out of the investment focus of the following investors in the chain,” Polekhin quotes the publication Slon.ru.
Outputs: 5
The main rule: "When entering a project, know where the exit is."
6. Konstantin Sinyushin
Source: retail-loyalty.orgThe number of invested projects for the last year: 8.
Average bill: $ 150-250 thousand.
Investment spheres: marketplaces, projects with the Uber model, services for increasing the efficiency of retail, cloud recommender services, services in the field of content crowdsourcing and unified communications.
Projects: JungleJobs online recruitment site; service advertising and shopping for SmartTV GetShopTV; the service of selection of artists for repair Radme.ru; personal content recommendation service for eContenta TV and video services; Giftoman loyalty service; Love2Shop shopping advisory service; service for the sale of clothes BoommyShop; MailBurn email service.
There is no way out.
The main rule: "New products that create new quality in established markets."
7. Edward Fiyaksel
Source: vitamin-group.livejournal.comThe number of invested projects for the last year: 8.
Average bill: $ 50-100 thousand.
Investment areas: cloud technologies, energy efficiency, telecommunications, Internet of things, medical technologies.
Some projects: Ornament, a local weather monitoring and forecasting system; VentureClub online investment platform; device for the correction of posture "Ortoton"; MegaTEK; Econ; Cloud Office Clouds NN.
Outputs: 2.
The main rule: "The road will master the road."