The African Angel Academy launched

The first cohort of the African Angel Academy brings together over 40 current and aspiring angels from Namibia, Zambia, South Africa, Tanzania and Mauritius. This 11-module online course will equip you with knowledge and resources to start or progress your journey as an African angel investor. Please note that applications for the course are closed.

Course Overview

The first chapter includes the Introduction, Module 1 and Module 2. The next chapter will be released on 15 June.

  • 1

    Introduction to Angel Investing

    • Welcome to the course

    • Introduce yourself to the group

    • What is angel investing?

    • Meet the angel investors

    • The African early-stage investment landscape

    • Angel interviews: the benefits of angel investing

    • Angel interviews: The Risks and challenges of angel investing

    • Additional resources

  • 2

    Module 1: Angel Investing Strategy

    • Introducing Module 1

    • Strategy: Why, what and forms

    • Strategy: Types and models

    • Angel Interviews: Invest alone or as a group?

    • Angel Investing Strategy Template

  • 3

    Module 2: Deal Sourcing

    • Introducing Module 2

    • Sourcing investments

    • Angel interviews: How do you source deals?

    • Deal screening

    • Deal requirements

    • Additional resources

    • Discussion: Deal sourcing and screening in your ecosystem

    • Survey: Intro, Module 1 and 2

  • 4

    Module 3: Due Diligence

    • Introducing Module 3

    • The due diligence process

    • Angel interviews: What do you look for when assessing a potential deal?

    • Initial DD

    • Discussion: What grabs your interest?

    • Formal DD

    • Angel interviews: How do you manage your DD process?

    • Additional Resources

    • AAA Glossary

  • 5

    Module 4: Deal Structuring

    • Introducing Module 4

    • Deal structuring and parameters

    • Term sheets

    • Angel interviews: How do you approach term sheet negotiations?

    • Deal mechanisms

    • Debt and equity structures

    • Concluding the deal

    • Additional Resources

    • AAA Glossary

    • Survey: Module 3 and 4

  • 6

    Module 5: Valuations

    • Introducing Module 5

    • Introduction to valuation

    • Valuing early-stage companies

    • Mzuri Taxi case study & valuation model

    • Introduction to the case study

    • Multiples approach

    • DCF approach

    • Angel interviews: How do you calculate valuations?

    • VC method approach

    • Other valuation methods

    • AAA Glossary

    • Survey: How did you find this module?

  • 7

    Module 6: Negotiations

    • Introducing Module 6

    • Negotiation principles

    • Preparing for a negotiation

    • Negotiation process

    • Additional Resources

    • AAA Glossary

  • 8

    Module 7: Mentorship and People

    • Introducing Module 7

    • Intro to mentorship

    • Mentorship principles

    • Discussion: Your role as a mentor

    • The people

    • AAA Glossary

  • 9

    Module 9: Exits

    • Welcome to Module 9

    • Additional resources

Instructors

Alex Fraser

Alex is Founder and Director of Fraser Consulting; a founding member of the African Business Angel Network (ABAN); and a co-founder of Dazzle Angels, a South African female-focused angel fund. She is passionate about building a vibrant, sustainable entrepreneurial ecosystem and culture on the continent. Alex has over a decade of experience in the early-stage funding space, having working for government, academia and corporate; and has evaluated over 4000+ businesses in a wide variety of sectors.

Stephen Gugu

Stephen is a co-founder and Director at ViKtoria Ventures, the entity that runs Viktoria Business Angels Network (VBAN). VBAN is a sector agnostic angel network out of Kenya focused on commercially viable early stage investments from East Africa which are post traction. Through Viktoria, Stephen has made several investments and assisted angel investors in Kenya access and make investments. He has consulted widely for early-stage innovative businesses training over 400 entrepreneurs, carried out valuations and assisted them in fundraising and deal structuring. He sits on the advisory board of several start-ups and of the African Business Angels Network. Stephen is also a Venture partner with Consonance Investment Managers, a focused early-stage and growth investing platform that helps entrepreneurs build leading companies across Sub-Saharan Africa.

David Van Dijk

David van Dijk is co-founder and managing director of the African Business Angel Network (ABAN), a pan African non-profit association founded to support the development of early-stage investor networks across the continent and to get many more investors excited about the opportunities in Africa. Until recently he was also the managing director of Stichting IGNITE, a Dutch not-for-profit organisation supporting entrepreneurship in post-conflict countries through direct and indirect financing and part of the investment committee of the IGNITE Fund. Since 2011 David has been involved with Venture Capital for Africa (VC4A), a community that includes the world’s largest database of African startups.

AAA Consortium Partners

FAQ

  • How much time will I need for the course?

    There are 10 modules plus an introductory module. We estimate that each module will take you minimum 30 minutes and maximum 1 hour, depending on how you engage with the additional resources and discussions. This means a total of 11 hours.

  • What is the course schedule?

    We will be releasing the modules in "chapters" of 3 modules, every 2 weeks. You will therefore be able to complete the course in 8 weeks, but the content will be available if you need longer to complete. This is a self-paced course, meaning that you can log in and complete the coursework whenever suits you.

  • Can I get help or ask the instructors questions?

    Yes! Instructors will be watching the course discussion forums and will be answering questions there, but you can also reach out on email.

  • What does the course content look like?

    Modules consist of video lectures by the course instructors; as well as videos featuring interviews with African angels. Additional resources (articles, reports) and tools/ templates are included in the resources section of each module. Lastly, there will be discussions for participants to contribute to in some modules.

  • When do I need to finish the course by?

    Ideally, you will have completed the course by the end of July, but we can offer extensions to those that need more time.

  • Are there any live sessions?

    Yes, we will communicate optional webinars or online discussions when we release a new chapter. These will take place on Zoom and will be related to the current modules.

  • Who do I contact if I need assistance with the course?

    You can email the team on info@africanangelacademy.com with any questions, and we will respond within 24 hours.