On Friday, May 4, 2023, The Securities and Exchange Commission announced 14 new members of the Small Business Capital Formation Advisory Committee - including ACA Board Chair Marcia Dawood. The new members were appointed to four-year terms to fill vacancies arising primarily from the expiration of prior members’ terms.

Marcia, who also hosts the Angel Next Door Podcast, will be serving alongside other experts.

Read the full press release online.

Understanding our ecosystem drives the Angel Capital Association and how we support our members as the steward of the angel investment community. 

We have extended the deadline for the 2023 ACA Investor Sentiment Survey! In addition to landscape awareness, this annual survey, which is a complement to ACA’s Angel Funders Report collection, serves as a benchmark for the growth and character of angel investing.

Please contribute to this important work by completing the survey today!

Learn, IN PERSON, From Some of the Greatest Minds in Angel Investing

May 9, 2023 at 11:00 am - 1:00 pm Eastern

A capitalization table is a formal document that lists all the securities in a company (both debt and equity) and the ownership percentages held by the start-up founders, employees, and/or investors. This course will provide a step-by-step analysis of a capitalization table, with a perspective on gaining a critical understanding of how cap table construction can impact potential returns from both current and future rounds of funding. Through a combination of presentations, exercises, and case studies, course participants will be introduced to common cap table mathematics. Among the important topics to be illuminated are the impacts of: valuation, liquidation preferences, anti-dilution terms, convertible notes, and employee option pools and vesting.

If you're interested in sponsoring ACA annually or for the Summit of Angel Investing, please reach out to Partnerships Director Damien Delgado.