Leaders in Action

By: Pat Gouhin, Chief Executive Officer

The U.S. House of Representative has just passed the historic $2.2 trillion dollar COVID-19 emergency relief bill, the Coronavirus Aid, Relief, and Economic Security (CARES) Act to speed recovery across the U.S. economy.  These funds will be distributed to individuals, businesses and states in response to the coronavirus pandemic under H.R. 748. 

Dan Rosen, Alliance of Angels

Editor’s Note – Dan Rosen shares a note to Alliance of Angels members and his portfolio companies with his thoughts on the financial impact of COVID-19 on startups. 

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

This post originally appeared on Seraf-investor.com

It’s amazing how the world economic situation changed seemingly overnight with Covid-19. One moment we were enjoying a healthy economy with a robust outlook on the future. Suddenly, a pandemic crisis sweeps over the globe creating uncertainty in all aspects of our lives. We’ve been through economic downturns before, yet this time it feels different. Being forced to live in a world of “social distancing” has changed people’s psychology because it has altered everything about our day-to-day world. 

By: Pat LaPointe, Frontier Angels

Forward by Pat Gouhin, ACA CEO: We have created “Leaders in Action” so that we can share with you much of the thought leadership, conventional wisdom, and emerging trends that we are seeing within ACA.  Some of the posts will be unique to ACA activity and others will be more general in nature. We are headed for challenging times for everyone.  As I took a moment to reflect on the recent past and all that is going on around the world, I felt some level of comfort in being surround by a wonderful Board of Directors that is filled with vision, knowledge, experience, and the passion that will be needed to push us through the upcoming months.  My second thought was that much of that wisdom should not remain isolated in a boardroom conversation.  For that reason I have asked one of our many board sages for his permission to reprint a letter that was recently distributed to his portfolio companies.  A special thank you goes out to Pat LaPointe for permission to push out this letter…

By: Pat Gouhin, Chief Executive Officer

As we have continued to monitor the impact of Covid-19 on our Country, and in fact the World, and worked through our contingency plans for the ACA 2020 – The Summit of Angel Investing event, we have continuously reached out to our partners and local government officials to gather the most up to date information needed to guide us in our decision process regarding the Summit.  As we consider the health and safety of our Summit attendees, and given the meeting guidance we have received from local, State and Federal agencies, we have decided to postpone the ACA 2020 Summit meeting. The future configuration, format, and date are all under review. 

By: Pat Gouhin, Chief Executive Officer

The Angel Capital Association cares deeply about the health and well-being of our community. ACA understands the coronavirus outbreak is an evolving situation and we are aware of how the uncertainty affects your decision to participate in ACA and Angel Group activities. We are monitoring the coronavirus impact and following recommendations by the World Health Organization (WHO), the Centers for Disease Control and Prevention (CDC), and local health organizations. We are empathetic to those already touched by the impact of coronavirus, as well as for all the other stakeholders that share the responsibility of demonstrating effective judgment and strong leadership during these tumultuous times. 

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