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Angel investors are “high-net-worth-individuals that make private investments in startup companies with their own money” (Kerr et al., 2014). Recently, angel investors have been pulling their resources together in what are classified as either angel groups or angel funds. In these groups, combined capital allows a combination of larger investments or a more diversified portfolio of investments.
Currently, the U.S. Securities and Exchange Commission [https://www.sec.gov/] regulates the domestic definition for angel investor accreditation [https://en.wikipedia.org/wiki/Accredited_investor#cite_note-sec.gov-8], establishing a level of wealth (income or net worth) in which investors need to prove before being accredited. The Angel Capital Association [http://www.angelcapitalassociation.org], a collective of accredited angel investors in the United States, claims over 13,000 member investors and more than 240 accredited angel groups.
==Clubs, Meet-Ups, and Community Organizations==
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