How Public Policy Affects Your Wealth, SEC Adopts New Rules, 4 Tips for Founders, Revenue-Financed Capital Pt 2 & More!

On Wednesday, August 23, 2023, Dr. Margaret Bacheler, ACA Director of Education, alongside leaders from other funding institutions including ACA Partner University City Science Center, participated in the first Tech Talks event hosted by the City of Philadelphia’s Department of Commerce.

The panel of experts outlined four tips for founders when seeking funding including, “Build a strong relationship with investors.”

“The average angel deal right now is taking, believe it or not, eight to 10 years for an exit,” said Bacheler. “So this is a long-term relationship that we’re seeing with founders,” said Bacheler.

Read the full article from Technical.ly.

Join us for an informative discussion on how a tax law can give you up to a 37% increase in profits from the sale of a company and learn how the ACA contributes to this benefit.

Are you dealing with a current investing dilemma? Want to engage in dialogue with others who are on the Angel Investing Journey? Tune in and be inspired by the real-world angel investing experience of some of the pioneers of the asset class! We will be talking about some of your most requested topics like Do Angels really see a return on their investment? How long does it take? Join us on September 14 to get answers in real time!

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.

In Part II, author Kevin Learned covers:

“The SEC’s amendments include new requirements related to quarterly statements, private fund audits, adviser-led secondaries, restricted activities, preferential treatment and annual reviews under Rule 206(4)-7.”

In the coming weeks, the ACA Legal Advisory Council will be reviewing the more than 600 pages of the release and offer insights and a response on their findings. Read this full article from Davis Polk for more details by clicking here.

The Angel Capital Association is proud to announce the creation of the Angel Box Basics Toolkit. This complimentary resource was created courtesy of funding from VentureWell. We are delighted to provide this complimentary resource courtesy to community ecosystem builders to assist you in the planning and implementation of a new community angel fund or network.

This interactive toolkit is organized into four sections designed to highlight best practices in the following topics:

Get Connected Now!

For questions about AngelBox, VentureWell, the Ann & Bill Payne ACA Angel University or other topics, please reach out to us at aca@angelcapitalassociation.org.

Upcoming Events in the Ecosystem

Prior to Covid, the Angel Capital Association hosted annual gatherings exclusively for its female angel members. After a significant hiatus, the much-awaited meeting is set to return on October 19, 2023, in Boston, MA. The forum will kick off at 10 a.m. and conclude at 5 p.m. with a cocktail reception to follow at the Foley Hoag offices in Seaport West, Boston.

We will be covering current trends in the market and how to move more funding to all underrepresented founders.

During the event, attendees will hear an overview of the state of angel investing across the US as seen through the eyes of the female angel investing network as well as takeaways and tools to affect change.

The Growing Women’s Capital initiative is a driving force in mobilizing capital directed at investment in female founders and women-led companies.

The Ann and Bill Payne ACA Angel University is built to deliver cutting-edge insights, practical tips and lessons learned for early stage investors. Attendees gain meaningful expert connections in comprehensive, easy-to-access virtual courses.

If you’re interested in attending, or securing group attendance, please reach out to our Educational Initiatives Director Margie Bacheler.

Basics of Angel Investing Certificate

Deeper Dive Courses

If you are a new angel, an aspiring angel or entrepreneurial ecosystem builder in one of the Great Lakes states (ID, IL, MI, MN, OH, WI), you might be eligible to join the Catalyst Angel Program.

This program is an EDA-funded initiative, designed to to train 200 emerging angel investors by September 2024. The program helps emerging angel investors in the Great Lakes Region who identify as Black, Latinx and/or women. This program is a partnership with TechTown Detroit, VentureWell, Angel Capital Association and Ann Arbor Spark. In addition, TechTown can assist with coordinating a Catalyst Angel Program cohort for your specific region/entrepreneurial ecosystem.

Excited and ready to join the Catalyst Angel Program?

Interested individuals can complete the following interest form.

ABOUT

Now in its tenth year, Stella’s annual Women’s Venture Summit is an unmatched event that builds bridges between female founders and investors (including aspiring investors!). The goal of the conference is to boost female founders’ access to capital and to grow the number of investors who invest in female-led startups. To date, Women’s Venture Summit has facilitated in raising $100M+ for female founders.

WHO IS THIS EVENT FOR?

Founders, investors, community partners, and especially women aspiring to start their investing journey. While WVS is focused on building opportunities for women, all genders are valued and invited to the event. We value perspective, and believe that we can create a more equitable future together.

Thank You to Our ACA Annual Partners

If you’re interested in sponsoring ACA annually or for the Summit of Angel Investing, please reach out to Partnerships Director Damien Delgado.

Protecting ACA Member Data Privacy

We have recently become aware that some bad actors are contacting angel groups and others with a solicitation to sell ACA member names and contact information. Rest assured that ACA does not and will not sell lists directly or through any third party nor do any of these groups have ACA member data. Unfortunately, this scam is fairly typical and many of these bad actors reside outside the U.S. making prosecution for fraudulent activity even more challenging. Under no circumstances should you engage with nor send funds to any entity reporting to have ACA member information for sale. If contacted by any such groups that claim to represent ACA, please notify ACA immediately.

If you have any further questions, please reach out to our Membership Director, Sarah Dickey, by email or by calling 913-894-4700, extension 2.