Leaders Changing the World: No 2 John Maffioli
What if every entrepreneur with a game changing idea who
needed advice could get it from others who had been there and done
that and knew precisely what was needed.
What if angel investing actually became a game changer in its own
right, rather than the frequent disappointment it is now, for both
the investor and the entrepreneur.
John Maffioli has created FE BE to do just that .
http://www.purefebe.com
John left his job at Ernst and Young less than a year ago and
has taken on this world changing initiative. FE BE is
an elite network designed by entrepreneurs who are already game
changers in their industries to serve the needs of new, upcoming ,
potentially game changing entrepreneurs. He has persuaded me to be
Chairman.
The idea of FE BE is that an entrepreneur with the right idea
and the right qualities will be able to find a mentor who will
become an angel investor . The game changer is FE BE co-invest, a
fund designed by successful entrepreneurs to meet the needs of
upcoming entrepreneurs and which can be invested
alongside angels.
Angel investing often fails because just as businesses get
going they need a further tranche of investment beyond the capacity
of angels. Venture funding is either not avaiable or comes with so
many strings the entrepreneur baulks at it. Many a potentially
great business runs out of steam at this point or soon
afterwards.
If John can sort that out he will indeed have changed the world
of British entrepreneurship.
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