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Course curriculum

  • 1

    Introduction to Angel Investing

  • 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

  • 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

  • 6

    Module 5: Valuations

    • Introducing Module 5

    • Introduction to valuation

    • Valuing early-stage companies

      FREE PREVIEW
    • 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

    • Course feedback

  • 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 8: Investment Management and governance

    • Introducing Module 8

    • Boards

    • Adding value and hard decisions

    • Reporting and portfolio management

    • Angel interviews: How do you manage your investments and add value to your portfolio?

    • Additional Resources

  • 10

    Module 9: Exits

    • Welcome to Module 9

    • Understanding exits

    • Executing exits

    • Exit options

    • Additional resources

    • AAA Glossary

  • 11

    Module 10: Angel group management and structure

    • Introducing Module 10

    • Establishing your angel group

    • Discussion: Establishing or growing an angel group

    • Managing your angel group

    • How do you form and manage your angel group? How do you keep the group engaged and motivated?

    • Co-investing

    • Angel interviews: What partnerships do you have with other organisations in the angel space?

    • Additional resources

  • 12

    Course resources

    • AAA - Full Resource Bank

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.

African Angel Academy Consortium Partners