National Organizations of Angels and Angel Groups

February 2 2010 No Commented

National Organizations of Angels and Angel Groups

In my last post, I confessed that a decade ago I was skeptical about the value of national organizations of angels and angel groups, but I was wrong.  

Despite my doubts, I participated as a member of the organization committee of the Angel Capital Association in the US.  Since then I have been engaged with AANZ (New Zealand), AAAI (Australia), BBAN (UK), NAO (Canada) and EBAN (Europe).   Here are some of the benefits offered by national angel organizations to local angels and angel leaders: 

  • Networking with other angels and angel leaders – Developing relationships with other angel leaders facilitates the exchange of ideas, procedures and processes to improve operations of groups and the deals we angels do.  It also begins the trust-building necessary for angel groups to work together on deal syndication.
  • Collections and exchange of best practices for starting, growing and operating angel organizations.
  • Education – National organizations can identify and distribute the best educational opportunities and lists of outstanding speakers.
  • Mentoring to new groups – Experienced angel leaders can provide invaluable assistance to new groups.
  • Promoting syndication thru education and best practices among domestic groups and assisting in coordinating international syndication, when appropriate.
  • Gathering and distributing deal flow and group statistics (group size, meeting frequency, investment data, etc.)
  • Advocacy – Depending on the legality in your jurisdiction, national groups can lobby, advocate and/or serve as a spokesperson for angels with local and national governments.  Promotion of angel investing is an important feature of these national organizations.
  • Finally, national organizations can recognize deserving individuals and organizations for outstanding efforts in advancing angel investing.

For these reasons, I am now convinced that national angel organizations are a critical component of domestic angel investing environment in all jurisdictions.

It’s a GREAT time to be an angel.  Find a group and jump in!

Bill Payne is the 2010 BNZ University of Auckland Business School Entrepreneur In Residence.