Field Reports


Each month, GBAN hosts a one-hour conference call for its members, observers, and special guests to developments from the field. The goal of these Field Reports is to facilitate the exchange of knowledge, foster cross border cooperation and explore emerging angel investing trends. Moderated by members of the GBAN Board, the discussions feature presentations by angel investing leaders and experts. Below is a summary of our Field Reports going back to October 2016, with links to relevant materials, such as reports, presentations, etc.


October 30, 2019: India's Angel Ecosystem

Presenter: Padmaja Ruparel, Co-Founder, Indian Angel Network

Moderator: Jonathan Ortmans, Co-Chair, GBAN


Ruparel presented a thorough overview of India's rapidly developing angel ecosystem, and the impact Indian angels are having on entrepreneurship across the sub-continent. She recounted how angel investing has gone from basically non-existent at the time she co-founded IAN to become an established financial sector. IAN investments now average in the $750,000 range. She also described which startup sectors are booming, how startups vary across India's regions, and how government policy supports entrepreneurship (e.g., administrative digitalization, entrepreneur support programs, investment incentives, etc.).


May 18, 2017: Building an Angel Network

Presenter: Tomi Davies, co-founder of Lagos Angel Network and President of African Business Angel Network 

Moderator: Candace Johnson, President, European Business Angels Network and GBAN co-chair


For the first half of the call, Davies used his experience in co-founding Lagos Angel Network as a case study for building angel organizations. Utilizing the World Bank guidebook, Creating Your Own Angel Investor Group: A Guide for Emerging and Frontier Markets, Davies broke down the components and how he used them to form LAN in Nigeria. Davies also noted that his experience is in many ways unique to the entrepreneurial environment in Lagos and that it isn’t as important to ‘check boxes’ when it comes to forming a network. In the following discussion, GBAN members compared notes on managing their organizations based on LAN’s continued success, with some taking time to share their own experiences and the unique challenges they faced in founding their local networks. 



October 12, 2016: Cross-Border Investing

Presenter: Candace Johnson, President, European Business Angels Network and GBAN co-chair

Moderator: John May, President Emeritus, Angel Capital Association and GBAN co-chair


In an intervew format, Candace Johnson discussed her personal experience with investing across borders. For Johnson, the major reason to invest globally is that entrepreneurs are increasingly going global. Startups are either growing out of emerging markets or looking to enter markets where they see a need to solve complex problems – which means there is an opportunity for angels to invest in these ventures. Over the course of the call, Johnson provides valuable advice for those looking to invest beyond their own ecosystem, as well as examples of her successes working with partners around the world.