A collection of individual Angel Investors who combine under a common brand with defined rules of membership and conduct to collectively identify, review, select, evaluate, invest in and exit from Angel investments. Angel groups vary in structure, focus and formality.
A typical Angel group’s investment ranges widely from $50,000 to $500,000 per deal, depending on how many group members are interested in the deal and the right level of funding for any given venture. While no two Angel groups operate exactly alike, most Angel groups maintain a local or regional geographic focus in order to maximize members’ ability to actively engage in the growth of their investments. Angel groups have processes for collecting and evaluating investment opportunities then typically organize regular meetings for members to hear pitches from companies selected to present. If the group (or members of the group) decides to proceed, interested members commonly collaborate on due diligence and deal negotiation. In most group’s investments are made directly by individual members while some groups pool investments through a persistent investment vehicle. Most groups apply standard terms to their investments, with some flexibility to negotiate.