Angel Networks

Part A
I live in Massachusetts. Four Angel networks in my state are discussed below:

The Hub Angels Investment Group

The Hub Angels Investment Group is one of the oldest angel groups in the Boston area,

making investments in young tech and life science companies since March 2000. They have 26

companies across four funds and have invested more than $20 million in a broad range of sectors

including Mobile/Media, Internet/Web Services, Software, Life Sciences, and

Electronics/Industrial.

The Hub Angels Investment Group believes that money is only one part of the way in

which angels can help to grow companies. Through contacts, connections, advice, and board

work, Hub seeks to add value and make companies more successful-faster. In addition, Hub has

developed an extensive network of academic, venture capital, legal, accounting, and industry

contacts which provide significant value. This network is a rich source of high quality deal flow,

technical expertise to assist in the due diligence process, and connections and contacts for their

portfolio companies.

Criteria for investment:

1. Sector: Healthcare/life sciences, IT/Internet/communications, and technology

 2. Stage: 12+ month-old companies with core management team, significant addressable

market, defensible technology, beta sites or market validated product/service, and

capital efficient business model (< $10 million to reach exit)

3. Location: Preference for Massachusetts, but also the Northeastern states

4. Investment: $250k - $500k purchase of preferred equity, (far) less than $10 million

pre-money valuation, board representation, active investors

Contact Information:

Email: info@hubangels.com

Website: http://www.hubangels.com/index.html

Boston Harbor Angels

The Boston Harbor Angels is an alliance of more than 60 independent investors. Boston

Harbor Angels is a group of proven business leaders interested in investing a portion of their

assets in high-growth, early-stage companies. Since 2004, they have made investments in

companies in medical devices, IT, consumer products, business products, specialty materials,

Internet, aviation, etc. BHA believes they contribute more than money to the companies they

fund and welcome the opportunity to work with entrepreneurs who are open to taking advice, yet

have the smarts and determination to make their company successful.

The focus of the BHA is on early-stage companies, usually looking to raise $250K to

$1.5M, where the investors can fund a portion of the round and syndicate the deal with other

angel groups or early-stage venture funds. The company should be close to the
commercialization stage and have a clear and defensible competitive advantage. The BHA are

looking for capital-efficient businesses that can reach profitability with less than $5M of equity

investment and provide at least a tenfold return on the investment within five years.

BHA does not invest as a fund—each of the members makes his or her individual

investment decision—but they collaborate in due diligence. They are open to any opportunities

that can make a strong business case and can take the position of a lead investor if one of them

has strong expertise within the group.

Criteria for investment:

1. Business should be aimed to significantly large target markets of $200+ million.

2. Business is comprised of high-quality entrepreneurs’ team with a track record of

leadership and performance.

3. Business has a clearly demonstrated customer plan.

4. Business that has a breakthrough product, or is one of a kind and not an existing

product enhancement.

5. The new venture has the potential to grow quickly and manage the scale necessary

success for a $50M+ in revenue in four years.

6. The business should already have the necessary patents and licenses to prove

competitive advantage in the area.

7. The entrepreneur should be a good fit for the investment group and willing to take

advise and follow guidance.

8. The business should require an investment of $0.5 – $1.5 million.

 Contact Information:

Website: http://bostonharborangels.com

Beacon Angels

Beacon Angels is a Boston-based angel group that makes investments in the $50,000 to

$300,000 range in small, fast-growing New England based companies. Beacon Angels consists

of 18 accredited investors seeking to share in the success of startup companies.

Participation helps members to access a steady flow of early-stage private investment

opportunities, and to build portfolio value through shared capital, experience, and strategic

relationships. 

Beacon Angels has a positive ROI this far—ranging in multiples from 0.5X to 8X

Investment Criteria:

1. Foreseeable exit strategy.

2. Competitive barriers to entry.

3. Significant third party buy-in (from customers and/or investors).

4. $3 million or less pre-money valuation preferred.

5. Concise, compelling plan, organized documentation.

6. New England companies only

Contact Information:

Email: beacange2@gmail.com
Address: 44 West 28th St, 7th Floor, New York, NY 10001, USA

Website: https://beaconangels.com/

Landmark Angels

Landmark Angels is a private angel group located in Greenwich, Connecticut. They

invest in companies with potential for exceptional growth. The group is comprised of high net-

worth investors, including prominent CEOs and successful entrepreneurs, with proven business

experience in diverse industries

Landmark Angels’ primary focus is on bridging the funding gap that exists between seed

capital and institutional equity financing and other growth investments. Landmark Angels invest

in companies with strong and experienced management teams. Companies interested in

partnering with the angels that must operate in large, definable markets and possess “must have”

or disruptive products. The Landmark Angels invest in companies that are able to show a

realistic path to large, recurring revenues. In the view of the Landmark Angels investors,

companies seeking investment must have the potential to generate a 5x return or more on the

principal amount invested.

Criteria for investment:

1. Focus on investing in East Coat companies

2. The company must be in one of the following sectors: Biotechnology, Software,

Medical Devices, CleanTech, Networking & Equipment, Media & Entertainment,

Consumer Products, Financial Services

 3. The company must be capital efficient and intends to use the proceeds for meeting

definable goals, such as further development of the products, protection of intellectual

property, meaningful partnerships and collaborations.

Contact Information:

Email: info@landmarkangels.com

Address: Two Greenwich Office Park, Suite 300, Greenwich, CT 06831

Phone: 203-552-1445

Website: http://www.landmarkangels.com/

Part B

Boston University is the fourth largest university in the U.S. and it provides a focused

funding for technology transfer programs funded through the Community Technology Fund.

Founded in 1975, CTF provides venture capital and access to Boston University’s

scientific and technical resources to growing businesses. The Fund is valued at more than $50

million and it has held equity positions in more than 175 companies in the United States. It has

made direct investments in venture deals and as a limited partner in numerous venture funds,

such as Oak, Sigma, Domain, NEA, Oxford, Charles River, Polaris, Sequoia, Alta, and others.

CTF manages the Technology Transfer Program at Boston University and assists the

University’s faculty in identifying, protecting, and commercializing intellectual property. It is

also one of the most active supporters of Boston University faculty start-up companies.
 Contact Information:

Address: 985 Commonwealth Ave., Boston, MA 02215

Contact Person: Ann Deveney

Email: devenea@bu.edu

Phone: 617-353-2240

Part C

MassVentures is a venture capital firm focused on fueling the Massachusetts innovation

economy by funding early-stage, high-growth Massachusetts startups as they move from concept

to commercialization.

MassVentures focuses on Series A investments and considers occasional and

opportunistic seed rounds. They provide capital for first-time CEOs and/or founders and consider

industry segments not adequately served by the venture community.

Formerly known as the Massachusetts Technology Development Corporation (MTDC),

MassVentures was formed in 1978 as a quasi-public corporation by the Commonwealth of

Massachusetts to address the capital gap for start-up companies and to encourage the growth of

early-stage technology firms. MassVentures’ enabls and governs legislation of Chapter 40G of

Massachusetts General Laws as amended in 1993 and 2002.

 Companies backed by MassVentures have employed over 7,500 individuals in the

Commonwealth area with an annual estimated payroll of $229 million. Over its 30+ year history,

the MassVentures Traditional Fund, an evergreen fund, has enjoyed an excellent rate of return.

Contact Information:

Address: 308 Congress Street, 5th floor, Boston, MA 02210

Phone: 617-723-4920

Fax: 617-723-5983

Website: http://www.mass-ventures.com/
 Bibliography

The Hub Angels Investment Group. (2016). Retrieved From:

http://www.hubangels.com/index.html

Boston Harbor Angels. (2016). Retrieved From: http://bostonharborangels.com

Beacon Angels. (2016). Retrieved From: https://beaconangels.com

Landmark Angel. (2016). Retrieved From: http://www.landmarkangels.com

Boston University. (2016). Retrieved From:

http://www.bu.edu//boston-universitys-community-technology-fund-announces-new-
director-of-venture-capital

MassVentures. (2016). Retrieved From: http://www.mass-ventures.com