For startup investing, the biggest challenges for investors are finding investable companies (a.k.a. dealflow) and doing enough due diligence on those deals. To overcome those issues Angel Groups are organized, with over 1,000 of these in the United States, some with just a half dozen members and no formal organization, some with 200+ members and a paid staff.
They each have their own personalities, but the formats are similar. The group meets 8-12 times annually, usually at lunch, and the meetings are centered on 2-5 companies who present a formal 6-10 minute pitch, followed by some Q&A.
The downside of this format is that the meetings are focused on investing, with little (or no) time devoted to learning about investing. The best example of different is the Seattle Impact Investing Group (a.k.a. SIIG), a group of 16 impact investors who have been meeting monthly for over five years with a goal of deeply understanding what it means to be an impact investor.
The bulk of the meetings are spent learning about some corner of life as an investor. This has included discussions in due diligence, deal structures, “zombie” investments, and other common Angel topics, but it has also included guest speakers leading discussions on impact bonds, affordable housing, and blended capital as well as guest speakers helping us understand inheritance, wealth education of our children, and family dynamics.
If you are looking for more articles and resources for Impact Investing, take a look at these Giving Compass selections related to impact giving and Impact Investing.
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