Chairman and Founder, AngelsDen
Bill qualified as an accountant at Virgin but was a very bad one. (Accountant, that is, not virgin). He then moved into Investment Banking and was shockingly bad at that as well. “They saw through me in 3 days.”
He lucked out and sold his business to a Wall Street Bank, retired and discovered he was bad at that as well. Bill then set up Angels Den in 2007 with some very bright people and appears to have finally found his niche. He has been named the most influential figure in Alternative Funding by City AM and perhaps more importantly 92% of all the businesses funded since that fateful day are still growing with the help of 22,000 angels. AngelsDen.com facilitates over 5000 pitches per year, across ten countries and there are not many businesses we have not seen poorly pitched.
Bill started off thinking it was all about the money but has come to realise that the real value-add the angels bring is not their money, but their mentorship and their contacts. Those who just chase the money will most probably fail, as equity crowdfunding shows us.