Martin Velasco, Early Investor in Terra Networks, to Keynote at European-Wide Angel Forum
London, June 11, 2001 - Ariadne Capital Ltd (www.ariadnecapital.com), a new venture group in Europe architecting deals in technology, media and telecommunications, is the exclusive partner with the Red Herring for the first Angel Investors Forum in Europe being held at the Park Lane Hilton in London today.
Ariadne Capital and Red Herring Communications bring together a pan-European group of active angel investors, start-ups looking for angel investment, and partners of venture funds. The renewed interest in angel investing stems from current market conditions, which make it an exceptional time to invest.
“When there’s blood on the streets, that’s the time to invest,” says Bundeep Singh Rangar, founder and COO of Ariadne Capital. “There are plenty of bargains out there and investors get more value for their money. More early-stage investments by European angels will foster innovation and entrepreneurial activity across the continent and help Europe catch up with the U.S.”
U.S. angels lead the world in seed stage investments. One out of every 750 people in the U.S. is an angel investor contributing to $40 billion in funding last year. In the U.K. by contrast, only one out of every 2,000 people made angel investments last year in about 6,000 companies totaling $1.4 billion, according to a report by Southampton University.
Fourteen European companies from technology, media, telecommunications and biotechnology industries will make presentations to a select group of invited guests at London. Keynote addresses will be by Martin Velasco, one of Europe’s top business angels who has invested in more than 20 global companies, including Spain’s Terra Networks, S.A. as well as Julie Meyer and Bundeep Singh Rangar, founders of Ariadne Capital. The opening address will be by Jason Pontin, editor of the Red Herring magazine.
According to Julie Meyer, founder and CEO of Ariadne Capital, “We decided to work with the Red Herring on the Angel Investor Forum because our senior team know outstanding angel investors from Helsinki to Rome, Madrid to Dublin, and felt that it was time to bring our Friends and Family together and help worthy start-ups at seed stage.”
Candace Johnson, founder of EuropeOnline S.A., co-founder of SES Astra (Société Européenne des Satellites S.A.), and founder of five telecommunications start-ups and an investor in Ariadne Capital, commented, “Europe needs Ariadne Capital. I believe strongly in Ariadne Capital’s model of working with companies to achieve critical mass and long-term sustainability through strategic investment, accessing senior talent, and active involvement at the Board level.”
Roman Stanek, investor in Ariadne Capital, founder of NetBeans, Inc. [successfully sold to Sun Microsystems Inc.] and global business angel, commented, ‘Julie’s track record and the vision that she has articulated over the past couple of years for ‘building Europe.com’ is one that I cannot help but support. As an entrepreneur from Europe that wants to create an efficient marketplace for European technology firms to enable them to succeed on par with their North American counterparts, I wanted to support the team at Ariadne Capital by investing in their Friends and Family round.’
Michele Appendino, investor in Ariadne Capital and co-founder and managing partner, Net Partners, one of Europe’s earliest seed stage venture capitalists, commented, ‘As a fellow entrepreneur and venture capitalist in Europe, I believe that the arbitrage opportunity that Ariadne Capital is sitting on by virtue of its senior management team’s networks and reach will enable it to make more technology and media firms successful in this next stage of the new economy.’
“Ariadne Capital has come out of the gate fast with the right proposition for this market – consolidation and an ability to extend tech firms on a European stage,” said Ziad Salem, founder of Future Internet Technologies Plc and antfactory and an investor in Ariadne Capital.
Ross Ahlgren, a founding partner of European Venture Partners, www.evp.co.uk, said, "I've known Julie for over 3 years now, and believe that her network will help to achieve the kind of connectivity that Europe requires. I personally support her new franchise, Ariadne Capital, because it is a team of experienced entrepreneurs that promises to give other entrepreneurs the kind of qualified, early stage resources that are crucial to success but often lacking in European seed investors."
About Ariadne Capital
Founded in December 2000, Ariadne Capital Ltd. is a new venture group in Europe dedicated to architecting the leading deals of the technology, media and telecoms sectors in Europe.
The Industry Standard has called Ariadne Capital “the Net’s Next Business Model” – December 8th, 2000 [cover story]. For more information visit http://www.ariadnecapital.com
Tel: +44 207 653 0204
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