SEC’s New Rules, Keynote Announced, Failures and Fraud, Podcast & More!

By Mark Heine and Gary Kocher – K&L Gates LLP

On August 23, 2023, the U.S. Securities and Exchange Commission (the “SEC”) adopted a number of new rules (the “New Rules”) under the Investment Advisers Act of 1940 (the “Advisers Act”). The New Rules are designed by the SEC to increase investor visibility into adviser practices and to address certain practices that could lead to investor harm. The New Rules impact three categories of investment advisers: (i) all registered investment advisers, (ii) registered investment advisers (“RIAs”) that advise private funds, and (iii) advisers (both registered and non-registered) that advise private funds.

Read the full article reviewing the new rules online here.

In a new article in Fast Company, authors Sue Bevan Baggott and Marcia Dawood write about the stress-inducing responsibility that could prove crucial to a startup’s success—and it’s a big mistake if you fail to do it.

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!

ACA is thrilled to announce an extraordinary keynote speaker for this year’s ACA Women’s Investor ForumJoAnn Price, Co-Founder and Managing Partner of Fairview Capital Partners. JoAnn isn’t just a titan in the investing world; she’s an inspiration who has transformed the way we think about leadership, inclusion, and impact. Featured on the Forbes 50 Over 50 list, her influence extends far beyond numbers and spreadsheets. It seeps into the hearts and minds of anyone who has had the privilege to learn from her rich career journey that began at Howard University and crescendoed into co-founding Fairview Capital Partners.

The Angel Next Door podcast is back with a new episode!

Can revenue-based financing revolutionize the way startups raise capital and allow anyone to invest for as little as $100? In this episode of The Angel Next Door Podcast, host Marcia Dawood is talking to Justin Renfro from Wefunder, who heads up the Revenue-Based Financing division. Together they explore the potential of revenue-based financing as an alternative to traditional equity funding. Listen here!

The best ideas for sessions at ACA Summits come from ACA members and friends. We’re searching for the best, brightest and innovative thinkers and topics among us. This is your opportunity to not only suggest topics, but also recommend speakers and how the sessions will be presented.

Upcoming Events in the Ecosystem

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.