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Content © HBS Alumni Angels of Greater New York | 2017 

Enhanced Design by Fairthorne Communications / Websïght Design | © 2017

Images courtesy of HBSAANY, and BigStock (a subsidiary of Shutterstock)

HBS Alumni Angels of Greater New York is the largest angel group in the Northeast in membership, with 300+ angel investors and growing.

  • Our members have invested $8 million in over 55 companies.
     

  • We provide active mentorship to invested companies, and assign a Chief Mentor based on company needs drawn from company investors as well as our large membership
     

  • We also provide access to the vast HBS network of leading executives in companies of all sizes.
     

  • We have expertise across 18 investment Sectors covering the breadth of the NY economy, with Sector Leads and Sector Teams.
     

  • We assist companies through their development and participate in follow-on funding rounds.
     

  • We provide access to our Venture Capital Advisory Board for Series A and other rounds. 
     

  • We hold monthly pitch nights, and on average invest in 1-2 companies of the 4-6 that pitch each month.
     

  • We syndicate companies for further funding with other HBS Alumni Angels chapters in California, Chicago, London, Paris, Brazil, China, India, and elsewhere.
     

  • We are also part of the HBS Club of NY and benefit from their commitment to HBS Entrepreneurship and the Alums in the Alley program.

INVESTMENT PROCESS:

APPLY

We invite companies from all sectors to submit their business plans for funding. Applicants do NOT need to have a Harvard affiliation.

Our process is as follows:

  1. Application and Screening.  Submit an application through our Gust website.  Our members will evaluate your application based on the information you supply on Gust.  We usually select five companies to present at each of our monthly pitch nights.  We encourage referrals and recommendations from our members.  A list of members can be found here.  Our geographic focus includes, but is not limited to, the Greater New York area, including Connecticut, New Jersey, and Eastern Pennsylvania.

  2. Pitch Night.    Presentations are almost always made in person by the CEO.  A schedule of upcoming pitch nights is here.

  3. Evaluation.  If there is sufficient interest following pitch night, those angels will form a “deal team” with one or more deal leads.  The deal team will conduct further due diligence on your company.

  4. Investment.   Angels invest individually, but as part of an investment round with the same terms and timing.  We can move quickly if circumstances warrant, and want the process to be efficient for our entrepreneurs.   We also can syndicate our investments with other HBS Alumni Angel chapters and angel networks.  Angel financing rounds can be up to $1 million or more, including syndicated investors.

  5. Mentorship.  We actively mentor HBSAANY-invested companies. Our Chief Mentor consults with the HBS investors and company and assists in identifying  Expert Mentors in particular disciplines.

WHY HBS ANGELS?

HBS Alumni Angels of Greater New York is the largest angel group in the Northeast in membership, with 350 angel investors and growing.

  • Our members have invested $13 million in over 80 companies in recent years, including a record $3 million in 2019.
     

  • We leverage our membership and network to drive added value for our invested companies:

    • We assign a Lead Investor contact to every invested company.

    • Our Mentor Committee draws on the vast HBS network to find the right assistance for each invested company.

    • We have expertise across 20 investment Sectors covering the breadth of the NY economy, with Sector Leads and Sector Teams, including Artificial Intelligence, CyberSecurity, Life Sciences, FinTech, and Consumer Products.

  • We support companies in follow-on funding rounds:

    • About a quarter of our recent member funding rounds were follow-ons to prior HBSAANY funding rounds.​

    • We provide introductions to top VCs on our Advisory Board for follow-on financing.

  • We can move fast from pitch to funding!

    • We hold monthly pitch nights, with dates and the next deadline always posted on this site, and occasional "fast track" events if the next monthly pitch night is too far away.

    • We quickly form diligence teams, and have funded companies in 2-3 weeks when circumstances warrant.

    • Our members closed a new round of investment every 17 days in 2018.

  • Our typical funding round of about $150,000 from members is supplemented by our relationship with other angel groups:

    • Other NY-based angel groups

    • HBS Alumni Angels chapters in California, Chicago, London, Paris, Brazil, China, India, and elsewhere.
       

  • We are also part of the HBS Club of NY and benefit from its commitment to HBS Entrepreneurship and the Alumni Startups program.