INVEST ALONGSIDE EXPERIENCE
Investing alongside experienced angel investors enables the pooling of capital and aggregation of expertise from multiple industries and operational skills, resulting in more effective due diligence, terms negotiation and board stewardship. Our members are very active conducting extensive due diligence on two to three companies every month. AoA is experienced in setting up SPV's.
QUALITY DEAL FLOW
Members attend monthly meetings where 3 to 5 companies deliver investor pitches. These companies are selected from the 30+ companies that are actively sourced by AoA each month and screened via a process that has been honed over the last 15+ years.
Alliance of Angels Innovation Fund makes $150k investments in around a dozen companies over the course of a year. The Fund moves quickly, typically making decisions within 6 weeks of the AoA screening meeting. When a company is successful with the Fund they often receive additional capital from individual AoA members.
This member-led fund capitalizes on the experience and expertise of our extensive member network and over 50 fund participants. The annual fund is sector agnostic and invests in a diverse set of early-stage companies.
AoA’s internal rate of return (IRR) is about 20%. We calculate our IRR over the prior 10 year period based on total cash invested by our members thru AoA, cash realized from exits, and the current value of non-liquid holdings. Non-liquid holdings are initially valued at cost and written down over time on a linear scale. We do not mark-to-market. Data on investments and returns is obtained from our members, our portfolio companies, as well as from public records.
AoA has celebrated 40+ exits generating more than a billion dollars of returns.
TRAINING AND RESOURCES
Members have access to regular investor education and networking gatherings around the Seattle/Eastside area, which cover topics such as due diligence, term sheets, board governance and exits.