Trends

The great bull market of 2010 – 2021, fueled by cheap capital, caused a nearly unprecedented rise in the valuations of speculative assets, from real estate to angel and venture equity. By 2021 investors were paying 2x the “normal” price of early-stage deals, 4x for growth deals and 7x for late-stage deals.
Kwame Anku is the Founding Managing Partner and Chief Investment Officer of Black Star Fund, an early-stage venture capital fund.
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.
The Angel Capital Association, in concert with Jeffrey Lang of the Desert Angels and ACA’s proud partner Dealum, have come together to conduct an informative interview on one of 2023’s most important topics in the angel investment space: angel group collaboration.

By: Dror Futter, Legal and Business Adviser to Startups, Venture Capital Firms and Technology Companies
This article originally appeared in Crowdfund Insider.

Imagine a Baskin Robbins where you can get any flavor you want, as long as it is vanilla. Based on recent data provided by the National Venture Capital Association in partnership with Aumni, the market for venture capital deal terms seem to be that kind of store. 

By: Sarah Dickey, ACA Membership Director

10. It fits into your life, nicely. The event features interactive sessions, over three days with plenty of down-time – a chance to learn and grow that’s remarkably easy on the schedule. 

By: Marianne Hudson, ACA Executive Director

This post originally appeared on Forbes.com

Entrepreneurial finance has changed more in the last five years than the previous 100. The evolution is coming so quickly these days that it almost feels like the opening credits of the Big Bang Theory television show.  It may be, though, that 2016 speeds up the changes an innovations.  I can’t think of a more exciting era for angel investors.

So what does this all mean and what should we be on the lookout for? As the New Year begins, here are my top themes and questions for how the rapidly evolving world of entrepreneurial finance may impact angel investing:

By: Marianne Hudson, ACA Executive Director

Last Friday, November 13 was an extraordinary day for angel investors across the globe:  during the first ever Global Angel Investing Forum a new book on angel investing was released, with chapters written by investors in 27 countries.  Angels without Borders: Trends and Policies Shaping Angel Investment Worldwide was released during the forum event in Beijing with many of the authors in attendance.

By Krista Tuomi, Associate Professor, American University

European crowdfunding laws and experience provide some background on how crowdfunding might work in the US. One of my earlier blogs dealt with some implications of equity crowdfunding for angels, drawing on the experience of Sweden and the UK. It highlighted some concerns about crowdfunding, particularly the low success rates for complex products and those that require follow on financing.  Despite tax and co-funding sweeteners, repeat investment has been low.  Only 17% of Swedes crowdfunded more than once, slightly lower than the 24% reported by a Scottish Crowdcube survey.  Another oft-mentioned concern is that “naïve” investors will get burned, leading to regulatory backlash.  Recent events in Germany may be a test case of this.

Don’t be surprised to see substantially more companies using Regulation A to sell securities through public solicitation of investors beginning June 19, when the SEC’s new “Regulation A+” rules take effect. Why? The new “Reg A+” provides a new option for “mini-IPOs,” allowing companies to raise up to $50 million from investors in unregistered public offerings. Angels benefit it two ways. This is another opportunity to invest or it can help their portfolio companies secure the funding needed to take them to the next level. 

Subscribe

ACA On the Road by Angel Capital Association  on  March 11
ACA Announces Keynote Speaker for Summit: Kwame Anku by Angel Capital Association  on  March 08