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.
Make a Big Difference in Your Region or Industry
Angel groups can be any size, from 4 to over 100 members.
General 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 boundary, targeted industry, expectation of financial returns, and mission and vision
- Invite accredited investors to join the Angel group
- 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.
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
- Maintain the privacy of individual members but has a public face with a website and public relations activities
- Coordinate members’ efforts towards due diligence but make individual investment decisions
- Allow members to invest under a single set of terms
For more details on establishing an Angel group:
- Refer to Age of the Angel, our textbook of best practices for Angel investors and groups. To find out how to obtain a copy, click here.
- Consult the “Modules for Angel Group Start-up” in the Resources for Angel Investors and Groups section.
Support is Available
The Angel Network Program (ANP) provides administrative and educational support to help Angel groups thrive. For specifics, refer to our Angel Network Program page. The Grants section may be especially beneficial for new Angel groups.