Finding the Champion
In launching an angel network at a university, it takes a champion to see it to fruition.
In addition to a business school sponsor and five check-writing angels, you’ll need someone who will be the champion for the group.
The champion needs to be well connected with the university, the alumni, and the investor community.
The university angel network lives at the intersection of those three groups.
The champion must have a solid reputation in the community and be recognized for their contributions to the university.
The champion needs to be good at crafting the message and effective at delivering it to faculty, university administrators, alumni, investors, and students.
The champion must show how the university angel network benefits all of the groups and not just one or two.
It takes time to build momentum in launching the group, so anyone signing up for the champion role needs to commit at least three years to getting the group launched.
The alumni have a strong affinity for their alma mater and want to support it.
The university angel network provides an ideal platform for connecting the alumni back to the university.
Before taking on a university angel network, make sure you’ve identified the champion.
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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.