AVA Angels will establish its first angel fund.
Creating a new early-stage investment model

With the rise of DAO (Decentralized Autonomous Organization), the model of venture capital or angel investment will definitely change greatly in the future, and the channels and tools for new fundraising will become more and more diverse. Many things in the Web3 world have changed, but many essential things have not changed, only the way of value presentation has become more diverse. AVA Angels will establish the first angel fund to create a new early investment model, and invite more talents to participate in the investment from Web2 to Web3, and continue to focus on discovering value and early investment.

Structural changes in investment organizations In the past, the traditional venture capital GP/LP structure was an investment environment centered on professional managers, so not many people could participate in early investment decisions. Taiwan's entrepreneurial environment has always been very diverse, but there is not enough volume in a single field for investment institutions to focus on a single field. Therefore, it has always been a huge challenge for investors, who cannot continue to replicate experience in industries or models that they are familiar with. There are things that do not change in the investment industry, and there are things that are constantly changing. In an environment of rapid industry iteration, if investment energy can be invested together with experienced entrepreneurs and experts with operational experience in various fields, and investment energy can iterate with the environment, it will deliver more value to the invested team.

Taiwan's investment environment In Taiwan, whether it is starting a business or investing, it is not a simple matter. When the environment talks about startups, it is mixed with information from the US market, the Chinese market, and the Taiwanese market. For example, the simplest fundraising structure, Taiwan can produce several company structures, and each company uses a different structure, not to mention that we have to face structures such as Singapore, Cayman, the United States, and Hong Kong. The company's structure should not affect the company's value, but in practice, the difference in tools affects the communication between investors and teams. In recent years, the fundraising channel of Token has been added, which seems to simplify many processes and break the restrictions of national borders and legal currencies, but the challenges faced are actually increasing rather than decreasing. When it comes to starting a business, the team must have a strategy that uses Taiwan as a fulcrum but can also enter the global battlefield.

There are already mature organizational operation methods for early-stage investment all over the world, such as China's Great Wall Club, the United States has Sand Hill Angels, and the angel platform Angel List. The background of the formation of the organization is not only related to the prosperity of local early-stage investment, but also closely related to the local regulations on angel investors and special purpose investment vehicles (Special Purpose Vehicle, SPV). However, the methods that can be done and are suitable for doing in the Taiwanese environment are not entirely the same as the above. Therefore, investors must have a high degree of understanding of Taiwan's characteristics and advantages, and then generate unique investment strategies.

AVA Development Status
Since its establishment, AVA's core value has always been to involve more investors with investment and industry experience to bring more value to entrepreneurs. Among the 9 companies that have been invested, the average revenue growth of the investment group in 2022 exceeded 100%, and the most outstanding one reached a growth of more than 400%. Among the co-investors, there are many serial entrepreneurs, seniors who have been listed on Nasdaq, early well-known venture capital in Taiwan, international accelerator funds and venture capital and national development funds. Portfolio companies such as FST Network, Vocus and Moovo are about to enter the next round of financing, and it is expected that there will be a lot of improvement in valuation.

AVA's investor backgrounds also include depth and breadth. In addition to the participation of many people with investment experience, there are also people with investment and operation experience in the Taiwan, China, the United States and Hong Kong markets. The industry background also includes e-commerce, education, media, tourism, games, semiconductors, construction and blockchain. This investment team has experience and knowledge that is difficult for any single investment organization to have.

AVA will establish its first angel fund. In order to continuously enhance AVA's competitiveness and further provide more resources and value to the team, we have combined our past investment experience and considered the early-stage investment structure that we believe is most suitable for Taiwan. We will continue to operate the current angel organization model and establish the first angel fund to continue to gather talents and resources. We will continue to focus on new investment topics that can create long-term value, such as digital transformation, ESG and Web3, and do our best to improve Taiwan's early-stage investment environment.