Membership Categories

Provisional Member

The Provisional Member category is designed to include angel investment funds and structured angel investment organizations that are in formation and expect to meet the membership criteria of the Angel Capital Association within six months of their application for membership in the Alliance. The criteria are listed below, as well as on the Angel Capital Association website [www.angelcapitalassocation.org]. Provisional Membership is limited to two six-month terms by any single organization.

Criteria:

  • Group is in formation of an angel investment fund or structured angel investment organization
  • Group intends to hold their first investment meeting within six months of the application date and to meet all requirements for Membership within that same time period
  • Executed copy of the FAIA membership agreement
  • Completed FAIA Membership Application (Sections I and II)

    Examples of qualifying groups include, but are not limited to:

  • Groups that have met all Membership criteria, but have yet to sign up two or more members or have yet to hold a regular membership meeting
  • Angel funds that are in the process of raising their fund/ have not closed their fund
  • Initiatives that are in the process of selecting or developing investment and individual investor recruiting processes, procedures and structures.

    Non-qualifying entities include those in which participating investors are not involved in the investment decision process. Examples:

  • Broker-dealers
  • Investment advisors and bankers
  • Venture capital funds
  • Stock clubs
  • Groups in which the primary members are organizations rather than individuals
  • Virtual (i.e., Online) angel investment organizations or investment forums
  • Angel investment organizations without formal processes and procedures for making investment decisions (see "Affiliate Member")
  • Individual angel investors (see "Individual Member")

    Benefits/Privileges:

  • Access to all FAIA investment "deal flow"
  • Access to Angel Cast
  • Access to all FAIA programs and events (no fee)

    Annual Financial Obligation:

  • $250