The Bay’s own “Dragons’ Den”, Bay Business Angels, has hosted its second event in a continuing series of their new investment network, which has been set up in the Bay area by local business advisors.
There were five pitching businesses on the day with over 60% of them receiving investment offers, some more than one. This type of event usually attracts only 10% of investment – marking the Bay Business Angels event a huge success.
The investment meeting was held on 19 September, which was attended by over 60 invited guests. Pitches came from:-
Bee Industrious Ltd – A market research agency using big data mining techniques
Beer Hunter Ltd – Introducing a new way of buying craft beer wherever you live
Select Salvage Ltd – Supplier of top quality guaranteed used car parts
Simply Modular Ltd – A new form of low cost housing production
Mello Ltd – A fast growing new soft drink and organic food business.
There were also key speakers at the event from accountants CLB Coopers, whose tax experts discussed the key tax issues to be considered when investing in a business venture.