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#0433: Angle investors

Gjest: Reetta Ilo

International Affairs Manager of FiBAN

Med Vert Silvija Seres

In this episode of #LØRN Silvija talks to Reetta Ilo, International Affairs Manager for FiBAN about how you must first invest time and effort before you can expect investors to trust you with their money. As an international growth, funding, sales, and cooperation expert with two Master's Degrees in international relations, politics, and economics, Reetta facilitates international funding rounds and is in charge of FiBAN Academy, training modules for business angels. Her expertise lies in running international projects and building paths for angels to collaborate and co-invest beyond borders. Under her leadership, this Finnish association of investors is on a mission to inspire private investment and she describes their work as connecting the connectors.
Full transcript (Available soon)

Who are you and how did you become interested in technology?
I think that everyone born in the 80s, 90s and 00s probably grew up programmed to be interested in technology.

What is the most important thing you do at your work? 
Connecting the connectors.

What are the central concepts in your tech? How do you usually explain it to kids?
The central concept is to scale analogue trust-building to facilitate investments in a digital environment.

Why is it exciting? What drives you here? 
It is exciting because it is an ambitious and difficult task, and it is motivating to be at the forefront of building new ways to fill in the gaps in current methods.

What do you think are the relevant controversies? 
Our tech allows regular people to co-invest and buy shares in companies to which they would otherwise never have access, on the same terms as lead investors.

Who are your customers?
We operate in a two-sided marketplace, so our customers are both amazing founders and smart investors.

What do we do particularly well in Norway or in your country?
Waffles. In Norway, Finland and Estonia, we are too small – especially with regard to angel investors, just investing in a few of their closest friends. We must understand the value of collaboration.

A favourite future quote, as a gift to our audience?
The quote should come from our conversation.

If people are to remember only one thing from our conversation, what would you like it to be? 
Be kind.


Samle deg med en venn eller en kollega for å se om du klarer å svare på spørsmålet nedenfor.

Spørsmål:Engel investorene deler sin kunnskap, sitt nettverk og gir penger til startups. Hvordan vil konkurransemarkedet utvikle seg når deling og støtte seg imellom blir mer og mer vanlig?


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This is what you will learn:

Angel investors

Our tech allows regular people to co-invest and buy shares in companies they would otherwise never have access to, on the same terms as lead investors. How to develop better collaboration terms so more startups get in touch with angles investors?

- Reetta Ilo

Recommended literature:
When Nietzsche Wept Novel by Irvin D. Yalom

This is FiBAN

Finnish Business Angels Network (FiBAN) is a non-profit association of private investors on a mission to inspire private investments. The network is one of the largest and most active business angel networks in Europe with over 650 approved members. Their three main activities consist of 1. Matchmaking of startup and investors, 2. Sharing of best practices and 3. Representation of the private investors' interest.