Membership Terms
Membership Benefits
- Discounts for all individuals in the member group to attend annual ACA Summits, regional meetings, and webinars (a per-person savings of at least $500).
- Access to the Members-Only section of the ACA website and receipt of special publications that include data and information on specific items such as best practices, syndication guide, member data and deal flow.
- Participation in committees (Public Policy, Membership, Data Analytics, etc), generally held via conference call and email, but in-person during the annual Summit.
- Reports on US federal and state public policy issues of importance to angel investors.
- Access to exclusive educational products including live ACA webinars and the historical webinar archive.
- Discounts on services for angel investors through select partners.
- Use of the ACA Member logo on angel group’s website and printed materials, the right to place the angel group’s logo on the ACA website and listing on the ACA directory of angel groups.
- Such other benefits as identified and provided to Investor Group Members.
Membership Dues
Networks
- 1-100 members – $1,200
- 101-200 members – $2,250
- 201-300 members – $2,500
- 301+ members – $3,500
Funds, Total AUM
- <$10M – $1,200
- $10M-$19M – $2,250
- $20M-$50M – $2,500
- > $50M – $3,500
Family Offices
- Flat annual fee – $1,200
Ecosystem Builders
- Flat annual fee – $1,200
Group Membership
Membership is granted at the discretion of ACA’s Membership Committee or Board of Directors, based on evaluation of membership criteria:
- The participants in the organization are predominantly individuals.
- Participating investors are actively engaged in investment of their personal capital.
- The participants or, in the case of an angel fund, a subset of the participants make investment decisions on opportunities presented to the full group. Individuals do not delegate investment decisions to a third party.
- The group holds regular in-person meetings as part of its investment process.
- The group has defined processes and procedures for making investment decisions.
- The organization has held an investment meeting within the 12 months prior to the application.
Examples of qualifying groups include, but are not limited to:
- Member-managed angel groups
- Manager-led angel organizations
- Investment funds
- Angel groups with no formal legal structure
- Family Offices
- Newly Formed Groups that have not yet decided on their investment structure
- Ecosystem Builders as defined below
Non-qualifying entities include those in which participating investors are not involved in the investment decision process. Examples:
- Broker/dealers
- Investment advisors and bankers
- Stock clubs
- Groups in which the primary members are organizations rather than individuals
Ecosystem Builders – Organizations committed to the formation of new angels, angel organizations, and enhancing the success of existing angel investing groups, as well as those funding early-stage companies as a collaboration partner with angels, are invited to fully participate with the ACA community via our Ecosystem Builder membership.
Membership Terms
- All ACA members agree to abide by ACA by-laws, and actively promote the intent and spirit of the by-laws.
- Member groups will be required to annually re-qualify for membership, including agreement to all membership qualification requirements.
- Member groups and their individual participating investors, agents and representatives, recognize and respect the confidential nature of individual member information and agree to maintain such confidentiality.
- Member groups recognize and agree that certain information regarding the group, but not its individual participants, may be made publicly available in furtherance of ACA’s by-laws. Member groups will cooperate with ACA in all manners for the promotion of the ACA mission, including response to research surveys by ACA.
- All members and member groups agree to a “total non-solicitation policy” related to all affiliates, sponsors, partners, and other members of ACA. Direct, unsolicited contact with ACA member angel groups using the contact information obtained from the ACA website, meeting attendance lists or other sources is specifically prohibited. ACA has a “zero tolerance” of this non-solicitation policy and reserves the right to terminate members for any such offense.
- ACA’s Board will set the annual Full Membership fee schedule, and ACA membership renewal will be conducted annually.
Membership Termination
ACA membership is subject to annual renewal, non-renewal, revocation or termination by the ACA Board. ACA membership may be terminated or membership revoked at the discretion and determination of ACA Board, should it be determined that an ACA member has become an inactive angel investment organization for more than 12 consecutive months, defined by the failure to hold any group meetings in this time period for the purpose of review and analysis of potential angel investments, other than a venture forum which is open to individuals outside of member representatives. ACA membership may also be terminated or revoked should any member or member agent or representative breach any term of ACA membership. A member will be notified in writing by the Board of Directors of the intent to terminate or revoke membership, and the on-notice member shall have thirty (30) days in which to submit a written response to the Board, should the member deem that its actions or inactions do not warrant or qualify for termination or revocation of membership. The Board shall consider, in good faith, such on-notice member written response within sixty (60) days. The decision of the Board of Directors is final.
Disclaimer
It is understood that ACA is not a venture fund, investment bank, broker/dealer, investment clearinghouse, investment portal nor any other form of investment advisor or otherwise, and is not registered with the Securities and Exchange Commission or any state securities commission. Any investments made involving one or more ACA member organization, or individuals in one or more member groups, is done so at the sole risk and responsibility of those making the investment decision and does not in any manner involve or relate to ACA. All members will indemnify ACA for any and all actions or proceedings relating in any manner to ACA being named a party in an action or proceeding involving an investment of any kind by a member or individuals comprising the member, or entities, representatives or agents of member or individuals comprising the member.