Wednesday, February 4, 2009

The Baylor Angel Network – a New Angel Group

The Baylor Angel Network – a New Angel Group

The Baylor Angel Network just launched this week with a fresh set of investors and capital to go to work. Led by the Business School faculty member, Bill Petty, the Baylor Angel Network seeks to fund deals related to the “family and friends” of Baylor University. Built mostly on alumni the group seeks to make investments into deals with a portion of the proceeds going to the Hankamer School of Business at Baylor. There’s no connection with Baylor Medical Center at this time.

The Baylor Angel Group consists of twenty members and is actively seeking more members to join. Two Baylor alumni, Bob Brewton and Pat Horner spearheaded the organization of the group and championed it into its current position. While most alumni organizations seek donations for the university, an angel network gives another avenue to connect the alumnus back to the university.

While the majority of members are in Texas, those outside the state are invited to join as well. Presentation meetings will be held in Waco, Dallas, Austin, and Houston.

The group is open to accepting deals. If you have a deal that fits the requirements which are

– Baylor friends and family
– At least prototype product/service offering
– In discussion with customers and have roadmap to customer signings
– Seeking $250K to $2M (if over $500K, then you need to have a lead investor and a terms sheet signed)

then please submit an application.

Best regards,
Hall T.

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