As an organization that was established by angel groups for angel groups, the Angel Capital Association is led by A Board of Directors comprised of representatives of leading angel groups:

• Chair: John May, New Vantage Group (Washington, DC)
• Vice Chair: Ian Patrick Sobieski, Band of Angels (Silicon Valley)
• Treasurer: Steve Mercil, RAIN Source Capital (Minnesota)
• John Huston, Ohio TechAngels (Ohio)
• Liddy Karter, Angel Investor Forum (Connecticut)
• Tim Keane, Golden Angels Network (Wisconsin)
• Knox Massey, Atlanta Technology Angels (Georgia)
• Richard Sudek, TechCoast Angels (California)
• Henry Vehovec, The National Angel Organization (Toronto)