Entrepreneurship is thriving even in this market. Take a look at some promising new companies with fellow alums as part of "MIT Angels". MIT Angels are interested and engaged in the start-up community and committed to investing their time and money into new, cutting edge, early stage businesses.
Our group is made up of individuals with broad experience in technology, semiconductor, energy, general management, entrepreneurship, finance, consulting and law. The involvement of the group in portfolio companies will vary from deal to deal. Entrepreneurs will have access to the group for general advice and direct involvement by individual members where we can make a difference. Potential roles for MIT Angels include “money only investor”, Board member, CEO mentor and advisor/consultant.
Our group meets on a quarterly basis and invite three startups per meeting that can benefit either from advice or investment as they seek angel investors (with a preference for companies started by MIT alum entrepreneurs). The Deal Selection Team evaluates more than 50 business plans to select the 3 presenting companies. Entrepreneurs can expect a thorough examination and, occasionally, an investment from some of Silicon Valley's most accomplished entrepreneurs.
We strongly encourage business plan submissions from MIT Alumni, but
consider all investments based on potential economic returns.
The format is simple: 15 minutes Power Point time, 15 minutes Q&A, and a 5 minute group general feedback summary per company. Our upcoming events are listed below.
ENTREPRENEURS:
To be considered as a presenter please email your executive summary to Shuja Keen (shuja.keen@alum.mit.edu).
ANGELS:
To attend the meeting as an "angel" you must be an "accredited investor" (or at least meet the definition), and you are welcome whether or not you have made angel investments previously.
For the purposes of MIT Angels events, if you meet the following criteria, you are considered to be "accredited." Accredited investors are individuals who professionally represent a relevant investment institution OR personally have either a) individual net worth, or joint net worth with the person's spouse, that exceeds $1 million and/or b) have income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year. This is an unofficial summary. For the official SEC definition please see: here.
GETTING INVOLVED:
Join us to help organize interesting events, network with the leaders in our field, and provide an important service to our community. For more information contact: Shuja Keen (shuja.keen@alum.mit.edu).
UPCOMING EVENTS:
Financing The Cleantech Vision
Hosted by Reuters and Venture Capital Journal
1/2 Day Conference: Thursday June 25 , 2009 - 7am - 2pm
The Sheraton Palo Alto
625 El Camino Real
Palo Alto, CA 94301
Reigistration Link: Click here to register, or call Greg Winterton, at 646 223 6787
MIT Discount code “vcjsub01”
PAST EVENTS:
Cleantech Pitch Lunch
Saturday June 13 2009
12.30pm-2:00pm
Computer History Museum
1401 N Shoreline Blvd
Mountain View, CA 94043
Registration Link: Cleantech Pitch Lunch
AFFILIATE EVENTS:
20th Annual Venture Capital Investing Conference
3 Day Conference: June 3 - 5 , 2009
The Palace Hotel
2 New Montgomery Street
San Francisco , CA 94105
Registration Link: 20th Annual Venture Capital Investing Conference
Quickstart Global, Investor Academy: Micro Multi-Nationals: A New Global Start Up:
Wednesday June 10 2009
5:30-8:00pm
Law Offices of Hanson Bridgett,
425 Market St., 26th fl.,
San Francisco, CA
Please register at http://micromults.eventbrite.com
Entrepreneur Funding Boot Camp
Friday, June 12
8:00am – 4:30pm
PG&E, 77 Beale St., San Francisco
On-line registration: http://fundingbootcampjune.eventbrite.com/
Keiretsu Forum San Francisco
Wednesday, June 24
7:30am-11:15am
City Club, 155 Sansome, 11th fl., San Francisco
Please register at: http://june09.eventbrite.com
4th Annual Summer Solstice
Tuesday, June 30
5:30pm - 8:00pm
PG&E Auditorium, 77 Beale St., San Francisco
The Premier Gathering Of Women Investors And Entrepreneurs
On-line registration: http://summersolstice.eventbrite.com/
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