ACA Angel University Deeper Dive is virtual! Take advantage of this unique opportunity to learn from experienced gurus.  See below for exact program dates from October 19-21, 2020.

Separate registration is required for each of these programs.  Certificates of completion with professional angel investing training hours will be awarded for each registrant completing the track.

Angels face many challenges when investing in startup ventures. One crucial, but sometimes overlooked, detail is the impact of new funding on the company’s capital structure. Whether funding comes as equity or debt, the savvy investor needs to understand how this round of funding will impact the ultimate outcome for all shareholders. So early stage investors need to be fluent in the structure of cap tables to understand the impact on their potential returns from current and future rounds of funding.

ACA in cooperation with VentureSouth offers entrepreneurs and investors alike a practical education in understanding the details of cap tables through the lifecycle of a startup venture.   This workshop will include a combination of presentations, exercises and a case study to illustrate common cap table mathematics a startup and its investors must consider. Among the important topics to be illuminated are the impacts of: valuation, liquidation preferences, anti-dilution terms, convertible notes, and option pools and vesting.

This workshop assumes some familiarity with basic cap tables, typical deal terms and Excel spreadsheets. 

What do we know about expected returns from angel investments?  Multiple studies on angel investment returns suggests an effective portfolio strategy will be grounded in a variety of investments in multiple business segments.  This workshop presents returns data from five studies of the factors impacting returns on investment and internal rate of return.  Special emphasis will be placed on insights from extensive 2018 studies of two of the larger angel groups. Topics covered include the importance of diversification, time to exit, investing in specific business verticals, and trying to time market (and role of angels during downturns).

Serving as a Director of an early stage angel-backed company is a serious responsibility. This workshop reviews smart practices in forming boards, managing board meetings and serving as a Director—all with the goal of creating an effective governance structure for startups. Key topics will include the legal obligations and risks faced by Directors, how to deal with conflicts of interest and how to navigate trouble zones (such as managing M&A) that occur during a company’s journey from initial investment through exit. Learn how to add value while staying out of trouble!