Angel Insights Publications

Angel investing success requires knowledge and awareness of market trends, deal strategies, and smart investing practices.

Angel Insights Publications provides precisely that, via peer-reviewed resources from angel experts around the world.

These powerful insights will power smarter investment decisions.  This series is brought to you by the Angel Capital Association and our charitable arm, the Angel Investor Foundation.

Empowering Change: Lessons from the Women's Investor Forum​

Written by esteemed thought leaders, this white paper sheds light on the significant outcomes of the Angel Capital Association’s (ACA) Women’s Investor Forum (WIF) events held in 2023 and 2024.

Model Convertible Promissory Note

The last few years have seen a dramatic increase in the use of convertible instruments for early stage financings. The two primary means of effecting these financings are SAFEs (Simple Agreement for Future Financings) and Convertible Promissory Notes (“Convertible Notes”). The former typically utilizes established form agreements created by the Y Combinator accelerator. These agreements have several defined template flavors.  By contrast, Convertible Notes do not have a single established template, making review more time consuming and expensive. Learn more and get editable sample documents here.

Revenue Based Investing

Revenue-based investing may produce returns on an IRR basis that are equivalent to traditional angel investments. It does this enjoying regular cash flow and is not dependent upon exits for these returns.

Establishing the Valuation of Pre-Revenue Companies

Revenue-based investing may produce returns on an IRR basis that are equivalent to traditional angel investments. It does this enjoying regular cash flow and is not dependent upon exits for these returns.