ACA Member eNews - New Returns Study & Reg A+ Rules Out

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May 26, 2015

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FEATURE STORY

Reg A+ Rules Effective on June 19 - Expect Mini-IPOs The new “Reg A+” provides a new option for "mini-IPOs," allowing companies to raise up to $50 million from investors in unregistered public offerings. Angels benefit it two ways. This is another opportunity to invest or it can help their portfolio companies secure the funding needed to take them to the next level. And despite articles to the contrary, Reg A+ is definitely NOT unaccredited crowdfunding aimed at supporting startups. It may be akin to crowdfunding at a higher level, if you will, but for a later stage of funding. Click here for more details from Marianne Hudson’s interview of Don Reinke of Reed Smith.

ANGEL RETURNS

Study: Go Beyond Angles Achieve Returns & Liquidity Go Beyond Investing has published a report that demonstrates that angel investing can provide positive returns for angels that follow a portfolio approach, receive education in angel investing, and have access to data, community intelligence and deal leadership. 87 percent of angels with more than a year since their first investment had a positive annualized return. The report, which includes the group’s American chapter Go Beyond Network, an ACA member, is based on six years of audited data for 192 investors, 36 investments in 77 rounds and 7 exited companies. Learn more in a blog by Bethann Kassman and in the report (go to https://go-beyond.biz and click on “Download Report”).

2015 Returns for Angels Across North America - Provide Your Data Now The 2007 study Returns to Angel Investors in Groups, which found a 2.6X return for angels in 3.5 years (or 27% IRR), is now nearly eight years old. Rob Wiltbank recently announced a new 2015 study to bring this important data up to date and for a large number of investors. The new research aims to answer important questions: what are the financial returns to angel investing? Are there strategies that appear to outperform others? Be a part of answering these important questions, helping build from knowledge gain from studies like the Go Beyond study above. Take a few minutes to provide your investment outcomes to the Angel Resource Institute. Wade Brooks can answer any questions.

ACA WEBINARS

ACA’s Summer Webinar Series Offers a Variety of Programming The Angel Insights Webinar series has some great topics and speakers set for the Summer. Join us for special topics that can make a difference in your investing. The programs are live, but are also archived for later viewing, usually including the presentation decks. Highlights include: What FG Angels Learned in its First Year as a Syndicate on AngelList (Brad Feld, on June 10) Grassroots Public Policy: How to Tell the Angel Story When Legislators are Home (Mike Eckert and Linda Smith, on June 17) Accelerators and Angels: A Perfect Match (Patrick Riley of Global Accelerator Network, on June 24) How Top VCs Work with Angels to Achieve Success (Bill Bryant and Geoff Entress, on August 12 – rescheduled from earlier date)

ACA AND INDUSTRY EVENTS

Events for ACA Members to Enjoy National Science Foundation SBIR/STTR ​Phase II Grantee Conference, Atlanta, GA - June 1-3 ACA Northwest Regional Meeting, Vancouver, BC - June 2-3 National Innovation and National SBIR/STTR Conference, Washington DC, June 15-18 NACO - 2015 National Angel Summit, Niagara-on-the-Lake, ON - October 6-8 ACA Southwest Regional Meeting, Tucson, AZ - October 23

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