Business angels provide capital, but at least as important is their expertise, which they use to help startups navigate difficult waters. Threatening insolvency, restructuring, and successful reorganizations all occur, but they're topics that no one really likes to talk about. Nevertheless, you should always be up to date on them so that you, as a startup and angel investor, shareholder, or managing director, can avoid nasty pitfalls.
Due to current events – a reform of insolvency law came into force on January 1, 2021, which, among other things, provides a legal framework for restructuring – the BAND Academy is putting the topic of “Insolvency, especially of startups” on the agenda, discussing the legal innovations, clarifying what to do if angel-invested companies are threatened with insolvency and whether and how insolvency can be averted, and urgently warning against hastily following incorrect advice.
