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Harry Potter and the Angel Investment

Posted On: 27 Aug 2019   |   Posted By: Tech City UK

Harry Potter and the Angel Investment

With one of the most recognisable startup brand names in the wizarding world, Weasley's Wizard Wheezes saw the kind of hockey stick growth that tech scaleups dream of. In just a few short years they took their business from ideation and product development in their bedroom, to a company offering direct sales and mail order service , before finally opening a flagship bricks and mortar store on the prestigious Diagon Alley, all in the middle of a You-Know-Who-induced economic downturn no less.
Of course none of this would have been possible without a crucially-timed 1000 Galleon Angel round led by the Weasleys' good friend Harry Potter. Though he was understandably eager to find a home for his tainted Triwizard Tournament winnings, it was an investment for which Harry was ill prepared, lacked basic due diligence, and as far as we know was conducted even without any paperwork! When Mr Potter looks to build his magical investment portfolio, we'd advise he consider a few things...

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