The Lisbon Business Angels Club hosted another round of startups pitches where entrepreneurs showcased their projects to investors. According to Sergio Gonçalves, the former project manager for the Lisbon Business Angel Club, “about 30% of the event attendees were investors and the event outcome was, once again, extremely positive”.
Sergio Gonçalves interview.
Miguel Carvalho: We’re at the 3rd anniversary of the Lisbon Lisbon business angels club with Miguel Gonçalves. Tell us a little bit about what happened here today.
Sergio Gonçalves: This was a special session of our club. It’s our third anniversary and we have a full house with young entrepreneurs and not so young entrepreneurs, and lots of business angels.
Some of them started the process of making investments in these projects, so I think this was a super session and a success.
“The biggest advice for entrepreneurs is to go for the long term and just do it. It’s better to do it, rather than aim for perfect.”
For you as an investor, what kind of traits do you find interesting in an entrepreneur?
The biggest advice for entrepreneurs is to go for the long term and just do it. It’s better to do it, rather than aim for perfect. You should go for the long term, but in the short term, you have to be able to execute.
What kind of startups have been coming to do pitches here?
This session we had some entrepreneurs from the clothing, tech, and mobility industry. We had a lot of sectors, which was great. We’re doing well in Portugal in terms of startups.
Projects for the future? What kind of new ideas or new ways of doing things are you finding with these kinds of projects?
I think Portugal, after the web summit, will have a great drive to the tech industry. The fin and wealth tech will be the future of our investments.
“The Web Summit was great, lots of inputs from investors, fellow investors and of new ways of doing business. I hope to go again in 2017.”
We met at the Web Summit, tell us a bit about your experience there.
It was great, lots of inputs from investors, fellow investors and of new ways of doing business. I hope to go to the next web summit in 2017. I hope some of the key speakers come again, because they were great giving us a drive to the future.
At the Web Summit, the CEO Paddy Cosgrave said there was a record in women attendees. Could you comment on that?
It’s not something I find odd. Even in our club, the vast majority is women. At the start of our club, we were known for being a women club. Not so much now, but I think women will run the future.
If you could sum up in a sentence a good advice you could share with young entrepreneurs, what would you say?
Do it, go for the long term and don’t get lost with short-term results.
“Young entrepreneurs must understand their business before seeking investment.”
Do you think it could be detrimental for a company to get funded too soon?
Depends on the company and the business. Young entrepreneurs must understand their business before seeking investment. But in some cases, early or pre-seed investment is the only way for a product to reach the market.