To submit a business plan for funding by HBS Angels of New York, please visit our Gust website at http://goo.gl/9lXm0. Please note: The companies in which we invest do not need any Harvard affiliation.
Who are the HBS Angels?
HBS Angels started in 2007 as a special interest group of the HBS Association of Northern California. Internationally, HBS Angels members have invested in over 35 companies since 2007. Among the companies backed by HBS Angel's members under the group’s auspices are: ShopItToMe, RepairPal, S Two, and Grouply (acquired by Oodle).
HBS Angels of NY (HBSANY), founded in December 2010, is comprised of Harvard alumni interested in investing primarily in early stage companies. HBSANY is open to all Harvard alumni and others affiliated with the school, not just HBS graduates.
What are the benefits to you of being a HBS Angel?
We have a large deal flow.
We generally see at least 50 deals per quarter - far more than the typical private investor is likely to see - and our deal flow is growing.
Our deals are screened and analyzed.
We have a diverse screening committee, whose members have prior experience in venture capital, private investing, investment banking, early stage startup management and a variety of other disciplines. Our collaboration provides a deeper and broader analytical capability to review deals than is otherwise typically available to private investors.
Our Angels have the opportunity to meet face-to-face with screened companies.
We hold approximately one meeting each calendar quarter, at which we bring together 5-10 selected companies and our Angels. The meetings offer great opportunities to discuss the presenting companies among peers, meet other like-minded investors, and to learn more about early stage investing.
We facilitate our Angels' deal due diligence and follow up.
For those who are interested in learning more and potentially investing in a company, we form teams that work together on due diligence, review of deal documents and negotiation of terms. Most private investors are on their own.
How to Join
Members are required to be accredited investors (per SEC regulations) and are expected to agree to the terms of the HBSANY Membership Agreement. Membership is $150/year.
We are using Gust as the platform for membership and the applications from entrepreneurs interested in raising money from HBS Angels. If you are interested in participating as an Angel, please set up a Gust account at the following link: http://goo.gl/I9c4B. Also, you need to pay the $150 annual dues via Paypal at http://goo.gl/kq7iQ to become a member.
Please note that we expect members to plan to invest at least $25,000/year in early-stage investments, although there is no contractual commitment to do so. If you have any questions, contact David Teten, MBA 98, Founder & Chairman, HBS Angels New York, mailto: david@ffventure.com.
We welcome inquiries from potential corporate sponsors. In addition, the HBS Clubs in several other regions, including Shanghai, Paris, Southern California, and Boston are also in the process of launching chapters of the HBS Angels. Contact those clubs directly if you have an interest in getting involved in angel activities in those regions.
