Do Angel Investors Always Have to Purchase Equity?
Former ACA board member, Kevin Learned and his partners decided to pilot revenue-based capital as an alternative to typical equity. Now in their fourth year, Sage Growth Capital provides capital to early-stage companies in exchange for a small share of their revenue until Sage has received an agreed upon return. Kevin will discuss the Sage experience, including how deploying this type of capital may leverage the angels' equity investments. Dr. Learned served on the ACA board from 2016-2022 and was the founding chair of the ACA Education Committee. After twenty plus years of angel investing, he decided he had "aged out" of traditional angel equity but wanted to stay involved in the early-stage capital ecosystem. He is chair of the ACA community of interest on revenue-based investing, and will be presenting a session on the topic at the Summit.
Speaker: Kevin Learned, Sage Growth Capital