The Angel Capital Association, the North American trade association of angel groups and private investors that invest in high-growth early-stage ventures, has elected Stephen Flaim to its Board of Directors. It has also named director Parker MacDonell treasurer. Flaim is past chairman of the Board of Governors at Tech Coast Angels and past president and chairman of the board at Tech Coast Angels San Diego Network. He is an Entrepreneur-in-Residence with CONNECT. MacDonell is a seasoned fnancial services and business executive with his advisory frm Invergarry Partners.