Archive for March 2018

By: Ham Lord, Managing Director of Launchpad Venture Group and Co-Founder of Seraf-investor.com

This post originally appeared on Seraf-investor.com

To learn more about the financial mechanics of early stage investing, download this free eBook today Angel Investing by the Numbers: Valuation, Capitalization, Portfolio Construction and Startup Economics or purchase our books at Amazon.com.

When I began making angel investments almost twenty years ago, I had no concept of what it meant to build a portfolio of early stage tech company investments. It wasn’t because I lacked financial savvy. I considered myself a fairly knowledgeable investor in the public markets. I understood key investing concepts like portfolio diversification, risk-adjusted investment return, market capitalization, and staging capital. However, I didn’t have a grasp on those terms in the context of making angel investments.

By: Marianne Hudson, ACA Executive Director

One of the most important and effective things ACA does for our members is to represent you in Washington, DC. We do this to ensure you have the best possible environment to invest in and support interesting entrepreneurs.  This gives you the best possible chance to enjoy your angel experience and to help wonderful companies exit, leading to good returns for you.

Sometimes our work is aimed at creating new tax benefits or legislation allowing more investors in a fund, but other times our work is truly “do no harm.”  In fact, over the last eight years, our main public policy work has focused on ensuring the definition of accredited investor is not changed in a way that cuts the number of angels in half.  The Securities and Exchange Commission (SEC) is lobbied all the time to raise the thresholds for net worth and income by inflation beginning in the 1980s, more than doubling the $1 million and $200,000 requirements.  Our past research with ACA members showed more than 30 percent of us would no longer be angel investors if that happened.  That’s what I call “existential!”

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Thank You From Chairman Linda L. Smith by Linda Smith  on  June 28
Angel Investing Exits: Base Hits to Home Runs by Ham and Christopher LM  on  June 07