What defines you as a person? What experience do you bring?
I am a pragmatic implementer and supporter of good entrepreneurial ideas. In difficult situations, I look for viable and fair solutions for all stakeholders. What gives me the greatest joy is seeing young people grow and turn an idea into an organization that creates value and meaning for society. With more than 25 years as a CEO in manufacturing SMEs, restructuring, and growth management, I can draw on extensive experience in handling different corporate situations.
Why are you a Business Angel?
I believe it is important that experience is not lost but passed on. As a Business Angel, I can support early-stage investments and help turn a good business idea into a viable business model, guided by a certain level of business excellence. For my investment of experience, time, and money, I also look forward to sharing in the economic success.
Why did you join BACB e.V.?
For me, BACB is the best platform to connect with well-selected startups and many experienced Business Angels.
How do you support the startup ecosystem and founders?
From different corporate situations, I know how important good sparring partners are. Contributing here is something I care about.
What is your vision for the startup scene?
I hope that startups will play an important role in transforming the European economy toward sustainable, innovative, and long-term profitable companies.
Which qualities should founders have to be successful?
Founders should be creative, ambitious, hard-working, persistent, assertive, and resilient.
Which qualities should Business Angels/investors have to be successful?
Business Angels should share the same qualities as founders, but add experience, tolerance, and the financial means for investments.
Final words to startups and founders?
- Be passionate and committed: your enthusiasm is contagious and can inspire others to believe in your vision.
- Flexibility and adaptability: be ready to change plans and adjust to new challenges.
- Learn from mistakes: failure is often part of the success process. Use it as a chance to learn and grow.
- Build networks: relationships with other entrepreneurs, investors, and industry experts can be invaluable.
- Focus on customers: understand your customers and their needs. They are the key to your company’s success.
Final words to Business Angels/investors?
- Industry knowledge: invest in areas you understand well to realistically assess risks and opportunities and contribute meaningfully.
- Diversification: spread your investments to minimize risk.
- Patience and long-term perspective: startup success can take time. Be prepared to think long-term.
- Active involvement: engage with your investments, provide support and advice, but respect the independence of the founders.
- Awareness of risk: be aware of the inherent risks of investing in startups and only invest what you are prepared to lose.
The most important thing for both groups is to believe in their vision and work hard to make it reality. Teamwork, perseverance and a constant drive for improvement are key elements on the path to success.
Thank you, Matthias. We are happy to welcome you to BACB.
