37 Angels

Founder and CEO Alicia Syrett leads the organization, but investment decisions are made by a rotating Investment Committee composed of the network's angel members. The committee is structured to be majority female at every level, and members receive extensive training in due diligence before they participate in deal evaluation. This distributed model means no single partner controls the checkbook on any given deal.

The network sources through an open application process, evaluating roughly 200 startups per eight-week cycle, combined with a cultivated pipeline from university entrepreneurship programs, accelerators, and member referrals. Columbia Business School, where Syrett teaches and the network's Startup Forum bootcamp is integrated into the curriculum, serves as a significant origination channel. The group's transparent rejection process — every applicant receives a detailed memo — also generates inbound referrals from founders who respected the feedback.

It is a network, not a fund. Members invest on a per-deal basis with no blind-pool commitment, meaning each individual decides whether to participate in a given round. 37 Angels itself does not hold a pooled capital vehicle; the entity facilitates due diligence, term sheet negotiation, and post-close monitoring, but the capital flows directly from individual members to the company.

Enterprise software, fintech, digital health, media and entertainment, and consumer technology represent the densest portions of the portfolio. The network has historically been less active in hard tech verticals — biotech, semiconductors, hardware, and deep climate science — where the capital intensity and due-diligence timelines diverge from the cohort-cycle model. No official exclusion list exists, but the preference is observable in portfolio composition.