Angel Capital Association

JANUARY 26, 2023

By: Pat Gouhin, Chief Executive Officer Looking back over the past few years of uncertainty and effort, The Angel Capital Association has made it through stronger than ever because of the work of our dedicated members, volunteers and professional staff. Without this support, many early-stage companies wouldn’t get off the ground.

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Angel Capital Association

JULY 31, 2023

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. ACA member Sage Growth Capital hosted a meet-up of attendees who were interested in RFC at the recent ACA Summit in Las Vegas.

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Angel Capital Association

SEPTEMBER 7, 2021

Roughly 40% of the data fields included in the Aumni survey relate to the frequency with which certain deal terms are found in financing transactions. Most deal terms are present in 80-90%+ of financings. Minimal Variation by Round – The lack of variability by financing round is striking. Covid, What Covid?

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Berkonomics

APRIL 20, 2023

We have years of real data to call upon: data that impacts both investors and entrepreneurs. Entrepreneurs will always start new enterprises. Angel investors will always finance many of them. Restaurant startups would not top my list. Data does not lie. We are a cadre of optimists and that is unlikely to change.

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Onevest

APRIL 30, 2015

Wikipedia notes that “in 1996 there were about 10 angel groups in the United States. In a report on startup investing and “How the Rich Invest” Forbes notes that the Angel Capital Association counted more than 330 active angel groups in North America as of 2013. There were over 200 as of 2006.”

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This is going to be BIG.

AUGUST 2, 2010

The other day, Ron Conway said at an event that “ he hopes that any entrepreneur that has “the guts” to start a company gets funded.” First off all, not every company is right for equity financing—and many other companies would be better off starting without it. Step one: Ask for money.

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Paul G. Silva

JULY 11, 2018

Marianne Hudson, executive director of the Angel Capital Association (the trade association for angel investors in the US) wrote an article on this topic. One of the biggest debates in the angel industry is how much due diligence investors should do before they invest. Do they feel good about forming a relationship?

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Angel Capital Association

AUGUST 14, 2020

By: Pat Gouhin, Chief Executive Officer One of the fundamentals pillars of the Angel Capital Association is protecting and advocating for the rights of angel investors and the entrepreneurs they support.

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David Teten VC

MAY 19, 2017

Revenue Based Financing Network Group. No-cost accelerators: Afore Capital Angel to Fund Manager (AFM), Founder Institute VC Lab , Recast Capital Enablement Program – Accelerators with tuition: Oper8r , OnConduit ‘s Emerging Fund Managers Initiative. Wharton Executive Education Venture Capital program.

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Angel Capital Association

JUNE 7, 2021

We need angels. Angels are nimble, identifying and supporting entrepreneurs with desperately needed new technologies and innovations. Angels empower growth and solutions, right here, right now – we can exponentially grow economies at a local and regional level. and locally on key issues that impact angel investors.

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Innovation 2 Enterprise

FEBRUARY 9, 2020

That’s why Oklahoma’s unique, pre-seed capital fund, Technology Business Finance Program (TBFP), is so critical to Oklahoma’s innovation economy. TBFP deploys state funding to provide equity-free capital for startups at such an early stage that there are virtually no other sources of capital available.

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Gust

DECEMBER 1, 2011

New Company Formation – According to the Kauffman Foundation, entrepreneurs start about 700,000 companies per year in the US. We have no measure of the changes in available capital resources from entrepreneurs and their friends and family, but we have no reason to believe they have changed radically over the past few years.

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Angel Capital Association

AUGUST 10, 2020

By: Pat Gouhin, Chief Executive Officer The Angel Capital Association and the broader angel investor community were represented during the recent committee meeting with the Securities and Exchange Commission to discuss vital issues that impact capital funding. A challenge many entrepreneurs face is access to funding.

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Angel Capital Association

MARCH 25, 2021

Angela sits on the boards of the Angel Capital Association, Crowd Supply and TIE Oregon. Event Vice Chair Marcia Dawood, Mindshift Capital As a passionate board member of ACA and a venture partner within Mindshift Capital, Marcia evaluates and mentors startup companies with a clear emphasis on women-led businesses.

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Angel Capital Association

AUGUST 28, 2023

This is Part II of a two-part series on Revenue-Financed Capital (RFC) for angels. In 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.

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This is going to be BIG.

MARCH 1, 2010

What gets frustrating is that I tend to hear the same arguments over and over again from new entrepreneurs, and many of them are just completely unfunded. Unfortunately, they tend to resonate really well with frustrated entrepreneurs and a lot of dust gets kicked up over them. You know what—it’s supposed to work like that!

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Angel Capital Association

JUNE 1, 2020

For Angels, this is a good time for both investing and tough love. I believe this is because only the most dedicated entrepreneurs (the ones that feel absolutely compelled to create their new company) will leave a stable, good-paying job in the middle of a downturn. Same is true of Angel investing. Multiple financing rounds.

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David Teten VC

SEPTEMBER 13, 2023

We’re fortunate to interview William Stringer, Founder of Chisos Capital , a structured finance company. Chisos is a structured finance company that provides startup and brand capital to entrepreneurs, athletes and creatives. My background is finance, investments and operations. Q: What’s your background?

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Angel Capital Association

JUNE 23, 2021

Convertible notes are a popular instrument for raising early-stage capital. For a comprehensive discussion of convertible notes, see Angel Capital Association’s former Chair Emeritus John Huston’s excellent paper on this subject: here. If the entrepreneur says, “I don’t know” or worse, “I’m not going to issue 1099s”, beware.

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Angel Capital Association

AUGUST 13, 2021

By: Daren Cotter, Tech Entrepreneur & Investor, Member of Gopher Angels I’ve been asked this question many times over the past 8 years. I’m sharing my thought process because perhaps it will nudge some of you to angel invest too! As my portfolio has grown, so has my answer to this question. A lot of new things.

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Berkonomics

DECEMBER 17, 2020

Let’s take a few minutes to examine the kind of equity financing available to small or early stage businesses. Angel groups invest from $250,000 to $1,000,000 or more in qualified investments. How many angel groups are there? Individual super angel investors. Then there is venture capital.

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Angel Capital Association

JUNE 4, 2020

By: Kevin Learned and Denise Dunlap, Sage Growth Capital “My investors want to renegotiate terms” or “I thought my round was committed but now my investors are backing out”. If this sounds like you, you’re not alone – we have been hearing similar stories from several entrepreneurs over the past two months. So is your exit strategy.

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Angel Capital Association

SEPTEMBER 4, 2020

Editor’s Note – This story originally appeared in the Idaho Business Review by Sharon Fisher and reposted with permission by the Angel Capital Association. To many Idaho companies, Kevin Learned isn’t just an icon, he’s ang angel. We raised angel capital,” Learned said. “I Later, he went on to earn a Ph.D.

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Berkonomics

APRIL 3, 2014

We’ve spoken of financing a young company through friends and family, known as “inside angels.” First, angel investment groups come in all sizes from a few organized angels to large groups of three hundred or more. Angel groups invest from $250,000 to $1,000,000 or more in qualified investments. Raising money'

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Both Sides of the Table

JUNE 8, 2014

Cincinnati, like many startup communities in the US over the past 5 years, has revitalized important regions in its urban core, created accelerators, built co-working facilities, pooled together angel capital, attracted VCs, involved educational institutions and solicited the help of important corporations in a more cohesive ecosystem.

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Angel Capital Association

NOVEMBER 13, 2020

A founder can siphon off revenue for themselves and the angel investor will be cut out. The angel investor is helpless. Patents represent downside protection for an angel investor, in the sense that an entrepreneur can license/sell the asset if the business does not succeed. What if the Patents are Owned by Someone Else?

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Angel Capital Association

JANUARY 16, 2024

If the entrepreneur has not taken the time to create the models, how do investors know they have considered the costs of their strategy, their ability to reach revenue goals, or when they will require additional cash infusions? With a BSBA and an MBA, he excels in financial analysis, ERP implementations, and strategic planning.

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TechCrunch

SEPTEMBER 11, 2022

The company is mostly bootstrapped, having raised about $2 million from family offices, angels, Capital Factory and its own management team. “We Can’t we all just get along? Recipients included the following fintech startups: CashEx, a currency exchange platform that leverages AI to help U.S.-based Image Credits: TechCrunch.

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Angel Capital Association

FEBRUARY 10, 2023

The outlook for Series Seed startups raising Series A is tougher than it has been but is still stronger than for companies raising later stage capital. FIGURE 17: NUMBER OF COMPANIES ANNOUNCING NEW FINANCING ROUNDS Source: Crunchbase In 2022 the demand for capital outstripped the supply and this gap worsened as the year progressed.

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Angel Capital Association

JULY 22, 2023

Angel investing has undergone significant changes in recent years. As an important source of financing for startups and small businesses, it's critical for current and emerging angel investors to understand the shifts occurring in the industry. Here are some of the most notable dynamics impacting angel capital today.

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Angel Capital Association

FEBRUARY 16, 2024

These public comments could be very important because the SEC’s Division of Corporation Finance is considering recommending that the SEC propose amendments to Regulation D , including updates to the accredited investor definition, and to Form D, that would improve protections for investors.

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Angel Capital Association

NOVEMBER 15, 2021

For Angel Capital Association members, the provision in Build Back Better that we are focused on is a potential “pay-for” that would limit the use of the 100% capital gains exclusion on qualified small business stocks (Section 1202) for people who have an adjusted gross income over $400,000. Timeline for Senate Action.

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