"To live is to choose. But to choose well, you must know who you are and what you stand for, where you want to go and why you want to get there."
Kofi Annan
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Verslo Angelas = Business Angel
Business Angel is a public institution that was established in Alytus in 2002. Following the demise of the planned economy, there was a lot of opportunities for, but little experience with, establishing private businesses in Lithuania. Business Angel was founded in order to help people with little theoretical and practical knowledge about private business, to prepare business plans and evaluate their business ideas realistically.Business Angel was established with the goal of promoting the creation of new businesses in the region with the help of so-called business angels: private investors who finance new and perspective companies. These are wealthy individuals with experience from business and management who are willing to make both financial investments and share their experience and contacts. The creation of a Business Angel Network was based on the idea of the Swedish association "Jobs and Society" which has had success in promoting businesses in Sweden.
A business angel is generally defined as a private individual who invests part of his personal assets in a start-up and also shares his personal business management experience with entrepreneurs. The investment often takes place in the early days of the investee business existence. Genuine business angels are therefore experienced entrepreneurs themselves, who invest venture capital in exchange for stock and are personally involved in managing investee businesses. Business Angel in Alytus is a so-calles Business Angel Network (BAN) - an organization whose aim is to facilitate the matching of entrepreneurs (looking for venture capital) with business angels. As a BAN it aims to remain neutral and generally refrain from formally evaluating business plans or angels. BANs make a market place for matching services.
