Forming Angel Groups - Provisional Membership
Thank you for your interest in Provisional Membership in ACA. This membership type is groups (networks or funds) in the formation stages. If you're group is already making investments, please consider apply for Full Membership.
Please take a look at the information below including membership criteria & terms and feel free to contact us with any questions you may have.
ACA Provisional Membership
In order to provide expertise & collaboration partners to groups in the formation stages, ACA provides the option of a Provisional Membership option to North American organizations. Provisional Members may be networks or funds which have good faith intent to meet the criteria for full membership within twelve months of the ACA application.
Provisional Membership Benefits
Criteria for Membership
Membership is granted at the discretion of ACA's Membership Committee or Board of Directors, based on evaluation of membership criteria:
This type of membership is open to groups that are in formation or that intend to hold their first investment meeting within 12 months of the application date and to meet all requirements for Full Membership within that same time period. Examples of initiatives in this category include:
The ACA Membership Committee will consider each application to meet the criteria outlined below. ACA will contact you by email or telephone with the results of the evaluation. If your group is accepted, ACA will also provide a welcome membership letter, including an invoice. Membership is not final until your application has been accepted and the payment is received by ACA.
Complete membership submission includes:
Once you have received acceptance, please submit your check to:
It is understood that ACA is not a venture fund, investment bank, broker/dealer, investment clearinghouse, investment portal nor any other form of investment advisor or otherwise, and is not registered with the Securities and Exchange Commission or any state securities commission. Any investments made involving one or more ACA member organization, or individuals in one or more member groups, or individual members of ACA, is done so at the sole risk and responsibility of those making the investment decision and does not in any manner involve or relate to ACA. All members will indemnify ACA for any and all actions or proceedings relating in any manner to ACA being named a party in an action or proceeding involving an investment of any kind by a member or individuals comprising the member, or entities, representatives or agents of member or individuals comprising the member.
ACA membership is subject to annual renewal, non-renewal, revocation or termination by the ACA Board. ACA membership may be terminated or revoked at the discretion of ACA Board, should it be determined that an ACA member group or individual has become an inactive angel investor for more than 12 consecutive months, or should any member or member agent or representative breach any term of ACA membership. The decision of the Board of Directors is final.
Annual Membership begins July 1st and ends June 30th each year. Applicants who join between these months have membership years adjusted to the nearest quarter.
Angel groups that are in formation will be charged a flat fee of $750 once they are accepted for Provisional Membership. The fee covers benefits for up to one year. A group may apply for Full Membership any time within the period when they have met the requirements for Full Membership. Once accepted as a Full member, they will be charged the pro-rated Full Membership fee.
Please note that ACA reserves the right to complete a background check on any individuals applying for membership in ACA. Please contact our offices with any questions you may have.