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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.

ACA Investor Insights Report 2023 cover image

ACA Investor Insights Report 2023

For approximately the last three and half years the ACA has collected once a month key learnings that angel groups have seen from collecting and analyzing data around angel investments. These insights from ACA angel groups and funds are shared on a monthly basis in order to help individual angels and angel groups learn more about key trends in our industry and improve outcomes.

Model Convertible Promissory Note

ACA model convertible promissory note cover image

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.

ACA Investor Insights Report 2022

ACA Investor Insights Report 2022

For approximately the last three and half years the ACA has collected once a month key learnings that angel groups have seen from collecting and analyzing data around angel investments. These insights from ACA angel groups and funds are shared on a monthly basis in order to help individual angels and angel groups learn more about key trends in our industry and improve outcomes.

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.

ACA Investor Insights Report 2021

ACA Investor Insights Report 2021

For approximately the last two and half years the ACA has collected once a month key learnings that angel groups have seen from collecting and analyzing data around angel investments. These insights from ACA angel groups and funds are shared on a monthly basis in order to help individual angels and angel groups learn more about key trends in our industry and improve outcomes.

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.