Start an Angel Group
By starting an Angel group, you will strengthen the Angel investing ecosystem, make a positive impact on the community and, in turn, enhance the economy.
Angel groups can be any size, from 4 to over 100 members.
Steps Towards Starting an Angel Group
- Develop relationships with local professionals who work with high-growth companies;
- Identify potential member Angels;
- Hold an information session to engage potential Angel members and explore the possibility for a new Angel group;
- Determine the structure for the new Angel group, including the needs of potential Angel members, geographic boundaries, targeted industries, expectation of financial returns, and mission and vision;
- Invite accredited investors to join the Angel group; and
- Hire a group manager to oversee administrative responsibilities, such as advertising the group’s existence to entrepreneurs in the community, maintaining the membership roll, and coordinating member events, member communications, and public relations.
- Require all members to be accredited investors and have them reaffirm their accredited investor status annually, when they renew their membership; and
- Have existing members refer new members to the Angel group, which will enhance the credibility of the community of investors.
Overall, an Angel Group and its Members:
- May employ professional part-time or full-time management;
- Maintains the privacy of individual members, but has a public face with a website and public relations activities;
- Coordinates members’ efforts towards due diligence, but make individual investment decisions; and
- Allows members to invest under a single set of terms
For more details on establishing an Angel group: