The organized angel group movement is maturing. As angel groups are growing in membership, portfolio size, experience, increased effort and involvement are required to manage each group.
Angel groups often start with volunteer members doing the work. Over time, some angel groups remain member-led and managed. Other groups compensate members who do additional work, sometimes on rotation, and still other groups hire professional managers, who may be full-or part-time.
Based on 2009 data, just over half of all 165 angel groups that belong to the Angel Capital Association are led by their member angels and the remainder are led by non-affiliated professional management.
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