Important Things to Know About Angel （重要的事情要知道天使）.pdf

Important Things to Know About Angel Investors - 2014 Marianne Hudson Executive Director Angel Capital Association ACA Mission: Fuel the success of angel groups and accredited individuals active in in the early-stage landscape • World’s largest trade group for angel investors o 220+ angel groups o 12,000 accredited investors o Voice of accredited individuals, portals, and family offices • 50 states + Canada • Research/ education partner Who are Angel Investors? • Often successful, exited entrepreneurs or retired business persons – Active investors – Invest both time and money in companies • Accredited investors - SEC definition • Invest their own money (not money managers) • Generally invest in local companies • Marianne: Invest at least $20K in businesses not run by family • 2013: 298,000 investors invested ~$24.8B in about 71,000 deals (mostly early-stage) Profile of Angels in Groups - Median • Years investing 9 • Number of investments 10 • Total exits/ closures 2 • Years as entrepreneur 14.5 • Number ventures founded 2.7 • Age 57 • Percent of wealth in angel investing 10% • Education Masters degree Source: Returns of Angels In Groups, Robert Wiltbank, Willamette University, published by Kauffman Foundation - 2007 Motivations of Angels • Help entrepreneurs • Stay engaged – using skills and experiences to help build a business • Give back to community or university •