Comparison · 14 material differences
Angel Capital Association vs TMA
This comparison was generated on request from the records. It carries no editorial verdict and is not indexed. The published comparisons are listed on the compare page.
Read down each column for one organization, across a row for the difference. A bronze mark at the left of a cell means the organizations differ on that row. A dash or “not published” means the organization does not disclose the fact; it is not a zero.
Verified September 2026
Professional association
Verified September 2026 Angel Capital Association
Individual accredited angel investors, organised angel groups, angel funds, family offices investing in private companies, equity crowdfunding platforms, and ecosystem…
Professional association
TMA
Professionals working in corporate restructuring, turnaround and distressed business: turnaround practitioners, restructuring lawyers, lenders, investors, accountants, appraisers…
What the records say
- Maximum age at joining: Angel Capital Association: No published maximum age at joining; TMA: NextGen membership is limited to new members aged 40 and under at the time of application.
- Accredited-investor status: Angel Capital Association: Individual membership is aimed at accredited angel investors; online equity marketplace platform members must be comprised of accredited investors; TMA: No published accredited-investor status.
- Industry restriction: Angel Capital Association: No published industry restriction; TMA: Work in or around corporate restructuring, turnaround and distressed business: practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants.
- Annual dues: Angel Capital Association: $310 a year; TMA: $475 a year.
Side by side
| Angel Capital Association | TMA | |
|---|---|---|
| Profile | ||
| Type | Professional association | Professional association |
| Founded | 2004 (Formed out of four Angel Organization Summits convened by the Ewing Marion Kauffman Foundation in 2002 and 2003. One business directory gives 2005; 2004 is the date recorded on Wikipedia and in ACA's own account of its origins.) | 1988 |
| Headquarters | Overland Park, United States | Chicago, United States |
| Geographic footprint | United States, with some international members; ACA also serves as the US representative to the World Business Angels Association | 54 chapters worldwide, 34 of them in North America; international chapters across Europe, Asia, Latin America, Africa and Australia |
| Members | 15,000as of September 2026 | 10,000as of September 2026 |
| Chapters | ACA has no chapters. Its 250+ member angel groups and platforms are independent organisations that join as institutional members. | 54 |
| Primary audience | Individual accredited angel investors, organised angel groups, angel funds, family offices investing in private companies, equity crowdfunding platforms, and ecosystem organisations such as accelerators and universities | Professionals working in corporate restructuring, turnaround and distressed business: turnaround practitioners, restructuring lawyers, lenders, investors, accountants, appraisers and advisers |
| Typical member | Individual members are accredited angel investors, most of whom belong to one of ACA's member angel groups and are automatically included through that group's membership. Institutional members are angel networks, funds, family offices and platforms. | TMA reports its membership as roughly 43% turnaround practitioners and advisers, 20% attorneys, 14% lenders and bankers, 3% investors and 20% other related professionals including receivers, appraisers, academics, government officials, judges and recruiters. Membership is individual only, not by firm. |
| Qualification | ||
| Maximum age at joining | No published maximum age at joining | NextGen membership is limited to new members aged 40 and under at the time of applicationAvailable for two years or until age 41, whichever comes firstverified September 2026 · source ↗ |
| Accredited-investor status | Individual membership is aimed at accredited angel investors; online equity marketplace platform members must be comprised of accredited investorsACA states that membership is available to individual angels, accredited platforms, angel group investors and family offices. It does not publish a separate verification procedure for individual members.verified September 2026 · source ↗ | No published accredited-investor status |
| Industry restriction | No published industry restriction | Work in or around corporate restructuring, turnaround and distressed business: practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultantsTMA does not publish a formal eligibility test for professional membershipverified September 2026 · source ↗ |
| Invitation required | No | No |
| Sponsor required | No | No |
| Application process | Applicants complete an online application, agree to the ACA Member Code of Conduct and pay annual dues for the relevant category. Online equity marketplace platforms are asked to contact the membership team rather than self-serve. Individual investors who belong to a member angel group are enrolled through that group. | An individual joins through my.turnaround.org, choosing a membership category and a local chapter. Discounted categories (NextGen, government or academic, and student) require verification and are subject to approval. Membership runs for twelve months from enrolment on an individual anniversary cycle. |
| Selectivity | Not publicly disclosed. Admission is by application and code-of-conduct agreement rather than by selection; ACA publishes no rejection or acceptance data. | Not publicly disclosed: membership is open to professionals in the field; only the discounted categories are described as subject to approval |
| Cost | ||
| Annual dues | $310 a yearIndividual Investor membership, "starting at $310". Members of ACA angel groups are automatically included.verified September 2026 · source ↗ | $475 a yearProfessional membership; includes membership of the member's local chapterverified September 2026 · source ↗ |
| Local chapter dues | Dues are published as starting rates; the tiering above those floors is not detailed publicly. | No separate chapter dues for professional members: local chapter membership is included in the professional rateverified September 2026 · source ↗ |
| Event costs | Not publicly disclosed. ACA's annual summit carries a registration fee that is not published on the membership pages.verified September 2026 | TMA publishes two conflicting dues schedules on different pages; the Join & Benefits figures above are the ones consistent with its current chapter count. |
| Membership term | Annual | 12 months from enrolment, on an individual anniversary cycle |
| Structure | ||
| Meeting frequency | Annual summit held in a different city each year, plus webinars and education programming through the year | Local chapter programmes through the year plus TMA Annual, regional symposia and other conferences |
| Peer forums | Peer group syndication channels rather than confidential peer forums | No confidential peer forums; members organise through chapters, committees and volunteer groups |
| Confidentiality | Members agree to the ACA Member Code of Conduct; no separate confidentiality regime is published | Could not be independently verified: no published confidentiality policy was found |
| Time commitment | Not documented | Not documented |
| Organized as | Event-focused, Virtual | Chapter-based, Event-focused |
| Confidential peer forums | Partial | No |
| Local chapters | No | Yes |
| Virtual membership | Yes | No |
| Online community | Yes | Partial |
| Member directory | Yes | Yes |
| Events | Yes | Yes |
| Programming | ||
| Educational programming | Yes | Yes |
| Leadership development | Partial | Partial |
| Retreats | No | No |
| Travel | No | No |
| Family programming | No | No |
| Spouse and partner programming | No | No |
| Next-generation programming | No | Yes |
| Investment discussions | Yes | Partial |
| Investment opportunities | Yes | Partial |
| Philanthropic component | No | No |
| Networking emphasis | High | High |
| Social emphasis | Low | Medium |
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Sources
Drawn from the sources listed on each page: Angel Capital Association · TMA