The Impact Angel Group’s Impact in 2013

It’s been a busy year at the Impact Angel Group! We’ve been working hard to fulfill our mission to make a difference and realize a return for investors. Below is the progress we’ve made in 2013.

We became a formal membership organization. Until August of 2013, the Impact Angel Group operated as a loose consortium of angel investors who came together on a deal by deal basis. After working together more regularly, we decided to become a formal organization.

We recruited 36 angel investor members. The Impact Angel Group has grown to 36 angel investor members since our membership launch in August of this year.

$709,324 has been invested by our members since August. In the five months that we’ve been a formal membership organization, our members have invested more than $700k in the companies presented by the Impact Angel Group. Note: This is the amount reported  to date which may increase upon the completion of our 2013 investor survey.

$264,324 has been invested via LLCs. Of that $709k, more than $250k was invested via special purpose LLCs formed by the Impact Angel Group to streamline investor relations for entrepreneurs and allow individual investors to pool capital and achieve more preferential terms.

We’ve invested in six opportunities. Of the 160+ deals reviewed by the Impact Angel Group since August, we invested in six of them.

We’ve stayed focused on Colorado. Those six investments included five Colorado-based companies and an investment in the Colorado-based Foundry Group‘s FG Angels syndicate (The Foundry Group is based in Colorado, but the investments it will syndicate will not necessarily be.).

Our members invested more than their money. As a result of the time and connections our members have contributed to the Colorado startups that have applied to the Impact Angel Group, we have helped to recruit three advisory board members, one board member, and two significant customers resulting in more than 30% of total revenue for the companies they were referred to.

Our investors are demanding more impact measurement and focus. We are thrilled to report that our members are looking for more focus on impact investing. Defining and measuring “impact” is not an easy task, but it will be a top priority for 2014. Stay tuned for more information on that.

It’s been a good year, but we still have a long way to go. We look forward to moving onward and upward, and would like to express our deepest gratitude for all of our volunteers, sponsors, members and startup community supporters who have made this possible.

Happy New Year!!

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