MEMBERSHIP
Benefits of membership
Shoulders of Giants
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. Nearly all members have made an investment in the last 2 years.
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.
Innovation Fund
Alliance of Angels has launched its inaugural Innovation Fund. This fund provides investors with the opportunity to spread their investment across a diverse set of early stage companies. This member-led fund capitalizes on the experience and expertise of our extensive member network and over 50 fund participants. The fund aims to make six figure investments in around a dozen companies over the course of a year.
Superior Returns
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. Model term sheets and a due diligence checklist are also available.
Model Preferred Equity Term Sheet
Model Convertible Note Term Sheet
Model Convertible Note
*Accredited Individual Investor Note: Investments resulting from introductions by AoA may involve a high degree of risk. AoA has not evaluated or endorsed the merits of any investment opportunities presented through its services and makes no recommendations regarding the appropriateness of particular investment opportunities for particular investors. Each potential investor may rely on his, her or its own judgment regarding the merits of a particular investment opportunity. Participating in AoA is limited to investors who qualify as “accredited investors” under Regulation D of the general rules and regulations under the Securities Act of 1933 of the Securities and Exchange Commission AND who have such knowledge and experience in financial business matters that they are capable of evaluating the merits and risks of prospective investments.
If you are an accredited investor and interested in joining the Alliance of Angels, contact us
to request additional information or to receive an application.