Select an Account to Sign In

Thryv

Text & Email, Appointment Scheduling, Customer Database

MyDex Account

Pay Bills, View Reporting, Manage Your Listings

Online Listings

Alumni Angel Groups Investing in New Startups

Alumni Angel Groups Investing in New Startups

By | 07.23.12
Alumni Angel Groups Investing in New Startups

A recent small business investment trend that is directly affecting small business start-ups is the emergence of alumni angel groups affiliated with prominent colleges and universities. Currently, there are around 40 alumni groups connected to university business schools and/or entrepreneurship programs aimed at connecting established alumni investors with newly launched companies founded by other alumni. The average investment by individual alumni is typically around $25,000 or more, and often these angel alumni are able to offer additional help in terms of mentoring, education, and other forms of business support.

For alumni entrepreneurs looking to take advantage of this type of opportunity, they are able to benefit in so many other ways beyond simply the initial monetary investment. University based angel investors have a strong motivation to promote the success of the business so as to protect their investment and thus are usually also able to connect entrepreneurs with other potential investors and venture capitalists for further backing. Likewise, established investors are typically willing and able to mentor new entrepreneurs to help get their businesses off the ground, as well as connect them with a variety of other supportive resources and educational opportunities to help them succeed.

There has been a recent push for universities to strengthen their entrepreneurship curricula and degree programs, and alumni angel programs have provided an innovative and effective way for these universities to connect with their alumni, all while promoting their unique business-oriented offerings. These programs typically align nicely with many of the community building and economic development missions of most universities, and also have the potential to provide a unique learning opportunity for students by connecting them with practicing investors.

Strong alumni angel groups exist at such leading institutions as University of California Berkley’s Haas School of Business, Harvard Business School, and Stanford Graduate School of Business. Harvard Business School’s angel group today boasts 10 active chapters: 5 in the U.S. with additional organizations in London, Paris, India, China, and Brazil.

References

Damast, Alison. “MBA Startups Find Alumni Angels with Money to Burn.” Bloomberg Businessweek. 7/2/12. (7/22/12.) http://www.businessweek.com/articles/2012-07-02/mba-startups-find-alumni-angels-with-money-to-burn.

(Visited 23 times, 1 visits today)
Share on: Share to Facebook Share to Twitter Share to LinkedIn
Comments

Like what you see?
Get more free content.

Next Up In Online Listings

Want to Add Your Business to Bing? How to Get Found with Bing Places

Want to Add Your Business to Bing? How to Get Found with Bing Places

Read More

[Video] The Smart Way to Use Keywords in Your Online Listings

[Video] The Smart Way to Use Keywords in Your Online Listings

Read More

Last Minute Fourth of July Promotions With Online Listings

Last Minute Fourth of July Promotions With Online Listings

Read More

Explore the Blog