growing number of books are being published on the subject of angel groups and angel investing in general. Below is a short list of publications recommended by ACEF.



  • Amis, David and Stevenson, Howard, Winning Angels, the 7 fundamentals of early stage investing, Edinburg: Peterson Education, 2001.

  • Benjamin, Gerald A. and Margulis, Joel B., Angel Investing - How to Find and Invest in Private Equity, New York: John Wiley & Sons, 2000.

  • Benjamin, Gerald A. and Margulis, Joel B., The Angel Investor's Handbook: How to Profit from Early-Stage Investing, New York: Bloomberg, 2001.

  • Gladstone, David and Gladstone, Laura, Venture Capital Investing: The complete handbook for Investing in Private Businesses for Outstanding Profits, Upper Saddle River, NJ: FT/Prentice Hall, 2004.

  • Gompers, Paul and Lerner, Josh, The Venture Capital Cycle, Cambridge, MA: MIT Press, 1999.

  • Hill, Brian E. and Power, Dee, Attracting Capital From Angels: How Their Money and Their Experience Can Help You Build a Successful Company, New York: John Wiley & Sons, 2002.

  • Kawasaki, Guy, The Art of the Start, England, Penguin Books, 2004.

  • May, John and O'Halloran, Elizabeth F., State of the Art: An Executive Briefing on Cutting-Edge Practices in American Angel Investing, Charlottesville, VA: Darden Business Publishing, University of Virginia, 2003.

  • Moore, Karl and Coveney, Patrick, Business Angels: Securing Start Up Finance, New York: John Wiley & Sons, 1998.

  • OHalloran, Elizabeth, Rodriguez, Peter and Vergara, Felipe, An Executive Briefing on Angel Investing in Latin America, Charlottsville, VA: Dardend Business Publishing, 2005.

  • Osnabrugge, Mark Van and Robinson, Robert J., Angel Investing: Matching Start-up Funds with Start-up Companies - The Guide for Entrepreneurs, Individual Investors, and Venture Capitalists, San Francisco: Jossey-Bass, 2000.

  • Peterson, Ron, When Venture Capitalists Say "No", Maryland: Comanche Press, 2003.

  • Preston, Susan L, Angel Financing for Entrepreneurs, Early-Stage Funding for Long-Term Success, San Francisco: Jossey-Bass, 2007.

  • Payne, William H., The Definitive Guide to Raising Money from Angels, Bill Payne and Associates, www.billpayne.com, 2007.

  • The Planning Shop and Bell, Joseph R., Finding an Angel Investor in a Day, Palo Alto, CA: Planning Shop, 2007.

  • Rogers, Steven, The Entrepreneur’s Guide to Finance and Business: Wealth Creation Techniques for Growing a Business, New York: McGraw-Hill, 2003.

  • Sherman, Andrew J., Raising Capital: Get the Money You Need to Grow Your Business, 2nd edition, New York: AMACOM, 2005.

  • Simmons, Chad, Business Valuation Bluebook: How Successful Entrepreneurs Price, Buy, Sell, and Trade Businesses, Tempe, AZ: Demand Press, 2002.

  • Simmons, Cal and May, John, Every Business Needs an Angel: Getting the Money You Need to Make Your Company Grow, Washington DC: Crown Business, 2001.

  • Willmerding, Alex, Term Sheet Valuations – A Line by Line Look at the Intricacies of Term Sheets & Valuations, Bedford, MA: Aspatore Books, 2006.

  • Williams, Kelly, Working with Angel Investors for Community Development, New York: Community Development Venture Capital Alliance, 2003.


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