As Startup Supporter, we address outstanding founders of technology based startup companies with high growth potential. We acknowledge our support role as helping towards:

  1. building of the company
  2. fundraising

Why?

The set-up of a company is only a means to an end, never an end in itself. In an ideal case, founding a company starts with an idea how to do something in a better way – it is about the “reason why”. Thus the focus lies on the product, and it is the founder who must be the product expert.

However to set up a company and make it successful, it is not just about being a product expert. This is where we enter into the picture.

How do we work?

We can help you build your company on solid ground right from the start. We can support you and teach you the craft of company building. But it’s your company…and you are the ultimate decision maker.

The situation is quite similar to professional sports. Every athlete always has a personal coach to push him to explore his full potential. In contrast, founders have to bear the pain on their own. Rarely do they have a long term partner to bounce their ideas off and coach them through this challenging process.

At Business Buddies, we aim to change that. We act as a supporter, networker, “ass-kicker” and sparring partner – but we promise to stay in our coaching zone.

As a partner, we will be demanding, supportive, motivating and provide constructive criticism. We will help to cope with setbacks and fears. Frequently, we will also challenge you and play the devil’s advocate. We will encourage you to make mistakes and learn from them, recover and continue. As Marc Andreessen once said: “Along the way all kinds of shit hits the fan over and over again.”

We will push you, encourage you and support you through the challenging times. Because one thing is damn sure: To build a company is like riding a rollercoaster, mentally and financially. One day, you feel like a hero, the next day like a loser, and that can continue for years.

However, there is no guarantee of success. In fact, the likelihood to fail is much higher. But that does not matter as life continues even after you have failed. And as you are already down on the ground, sooner or later you’ll bounce back.

Who we are?

At Business Buddies, we are a small, select and experienced team. We combine many years of experience in building up companies, investments, online and offline marketing, sales, IPOs, trade sales, turnarounds and other relevant disciplines. Through our successes and failures, we hope to have become a little wiser.

<span style="font-family: Helvetica;">Dr. Marc Mogalle

Dr. Marc Mogalle

Marc has studied economics in Hannover and St. Gallen. Afterwards he completed a doctorate at the University of Oldenbourg and the Federal Institute of Technology, Zurich and graduated with magna cum laude.

Just in time with the burst of the Internet Bubble, Marc started his career at innotech, a smaller VC where he learned the VC business from scratch, in particular all the things that can go wrong.

In 2004, he moved to the Altira Group where he was involved in a number of investments, IPOs, mergers, trade sales and even fund investments, e.g. investments in RTT AG (acquired by Dassault Systèms) and blau.de (acquired by KPN) and fund-commitments in Creathor Ventures and Neuhaus Partners.

In 2007, Marc took the chance to participate in the set up of the AIG Sustainable Investment Group managing finally a €400m fund with focus on later stage cleantech investments
Following the bail-out of AIG during the financial crisis, Marc switched sides and co-founded Zapitano, a social TV platform. He was responsible for the financing of Zapitano, legal, operations and HR.

Besides that, Marc acts as Venture Partner for Finlab AG and Heliad Equity Partners, Coach at the Climate KIC Accelerator, is guest lecturer for Entrepreneurship and Strategy at the University of St. Gallen and TU Berlin and runs also the Berlin Alumni chapter of the University of St. Gallen.

<span style="font-family: Helvetica;">Stefan Schütze

Stefan Schütze

Stefan studied Law at the Universities of Halle and Münster. On completion of his legal clerkship, he started his career at bmp in the legal department. At that time, bmp had several offices with more than hundred employees and was one of the leading Venture Capital investors in Germany. Apart from the New Economy, Stefan could learn a lot about Venture Capital investing.

Following the bubble burst, bmp had to sell a significant amount of its shareholdings and decrease headcount. During this trying time, Stefan became head of bmp’s legal department, gaining valuable experience in restructuring and how to turn around businesses.

In 2004, Stefan moved on to Finlab AG (before Altira Group) where he acted as in-house lawyer. Finlab is an asset manager based in Frankfurt investing via stock-listed funds in early and late stage fintech companies. In the meantime, Stefan has become an executive director of Finlab AG.

Stefan is also an attorney of law. Since 2000, he has been responsible for the legal site of numerous financings, set-up of companies, fund-commitments, IPOs, mergers and acquisitions, hirings and firings etc.

Through his rich experience, Stefan has been appointed as board member at several companies and funds. He therefore has extensive experience on a broad range of legal aspects which only few lawyers can claim.

Stefan continues as an executive board member at Finlab AG and supports the Business Buddies in legal aspects and more generally by leveraging his extensive network to further Business Buddies’ goals.

Arthur Schopenhauer

“A man must know what he wants and what he can do: For then he will show character and be able to create something of value.”

Arthur Schopenhauer
Friedrich Nitzsche

“Each has an inborn talent, but only in a few is that degree of toughness, endurance, and energy born and trained that he really becomes a talent, becomes what he is, that is, that he discharges it in works and actions.”

Friedrich Nitzsche