The story
Band members invest in deals directly; there is no pooling of resources or voting. Since 1994, Band members have invested over $186 million into over 200 startup companies. Thirteen deals that presented to the Band as seed investments became public companies; these alone returned $240M in cash to Band members and 63 other companies in the Band's portfolio have been acquired for a gain.
In 2004 The Angel Capital Association established the Hans Severiens Award to recognize one person each year for outstanding accomplishments in the advancement of angel investing.
From Wikipedia’s article on Band of Angels (investors), shared under CC BY-SA 4.0.4