Angels often make their first real impact post-investment by helping a portfolio company develop a “real” Board, by insisting on documented processes, key metrics and measures and a more rigorous approach to corporate oversight and accountability. In these ways, better governance can lead to better outcomes, particularly during periods of the earliest stages of company growth, where funding is harder to raise.

The future of space exploration is incredibly promising, marked by recent unprecedented advancements and boundless horizons. In the coming years and decades, space expiration analysts anticipate the rapid evolution of space exploration technologies, capabilities and uses.

Overland Park, KS (December 6, 2023) – The Angel Capital Association (ACA) has released the Angel Funders Report for 2023. Published annually, the goal of the report is to increase awareness about angel investor activity and build a deeper understanding of the investing environment. The report provides context for seemingly disparate data points, identifies trends and highlights innovative ways that ACA members are working together to fuel the entrepreneurial ecosystem.

We have all heard the importance of having one or more of our angel investments noted as a “home run” In terms of a return exit. What is a “home run”? Generally speaking we can define a home run for an angel investor as a company having a very successful return multiple at the time of their exit, generally with a return multiple of 10.0x or more. Why is this important?

On September 29, 2023, the U.S. Small Business Administration (SBA) and the Department of Defense (DoD) announced the rollout of the Small Business Investment Company Critical Technology (SBICCT) Initiative, a joint effort between the SBA and the DoD to increase private capital investment in critical technologies vital to U.S. national security interests.

As the catalyst for companies at the earliest stages, we recognize that access to resources and opportunities needed to pursue founding a company are not equitably distributed in society.

The Angel Capital Association (ACA) has received an $123k award from the National Science Foundation’s Directorate for Technology, Innovation and Partnerships (TIPs) designed to catalyze private investment in the Deep Tech Sector. This project is designed to better educate the early stage investor community on the benefits of Deep Tech investments with the intention of increasing the amount of private capital available for deployment in the Deep Tech sector. Grant activities will focus on the ten technology areas identified in the Chips and Science Act.

The reasons for failure are diverse, but almost never due to fraud. Unfortunately, the intense media coverage of a few spectacular failures such as Theranos and FTX (and the fraud associated with them) have sadly led many policy makers in Washington DC to conclude that fraud is rampant in this asset class and therefore further regulation is necessary to help “protect” investors. This perception is a remarkable misunderstanding, and this article will present data and analysis to set the record straight.

This is Part II of a two-part series on Revenue-Financed Capital (RFC) for angels. Part I addressed the question of when RFC might be appropriate to meet some of the capital needs of angel portfolio companies. This post discusses why RFC may be appropriate for angel portfolios.

This is Part I of a two-part series on Revenue-Financed Capital (RFC) for angels. Part II will address the question of whether angels should include RFC in their investment portfolio.