ACE-Net, sponsored by the Office of Advocacy of the U.S. Small Business Administration, was announced by the President of the United States in October 1996. It is a major effort by the Office of Advocacy to start systematizing, on a nationwide basis, and expanding information available to investors on firms seeking equity financing. In addition, no securities trading takes place on ACE-Net. ACE-Net was developed in response to a critical problem facing growing U.S. companies. ACE-Net seeks to solve this problem by allowing angel investors to view the securities offerings of small, growing companies via the Internet.
Angel investors are typically wealthy individuals with significant business experience.
Until ACE-Net, there had been no nationwide, centralized listing service identifying small, dynamic, growing companies for angel investors to investigate and examine. The password allows investors access to the Entrepreneur Database. The Investor Application is brief and all information is confidential. The Application may be downloaded and printed from the ACE-Net Internet site. The necessary forms may be accessed at the ACE-Net Internet site.