Harvard Business School Alumni Angels

Deal flow is sourced through the network's extensive alumni base and local chapter events. Entrepreneurs apply through chapter websites or are referred by HBS alumni, with initial screening conducted by volunteer chapter leadership. This model creates a broad funnel that leverages the professional networks of thousands of HBS graduates globally (public record).

It operates purely as an angel network, not a venture capital firm. There is no central fund or pooled capital vehicle; all investment decisions and checks are made individually by accredited investor members. The organization facilitates introductions and provides due diligence support but does not make investments on behalf of the group (per the firm's official communications).

Individual members of HBS Alumni Angels make their own investment decisions. The network's chapter leadership screens and presents deals to the membership, but there is no investment committee with binding authority over member capital. Each member is free to participate or decline on a deal-by-deal basis (public record).

HBS Alumni Angels does not charge traditional management fees or carried interest because it does not manage a pooled fund. Operational costs are typically covered by modest membership dues or event fees, ensuring the economics remain distinct from a fund manager. Members invest directly and keep the full economic return on their individual investments (public record).

The network is an independent alumni association and is not a direct investment arm of Harvard Business School or its endowment. While the brand association provides access to a high-caliber network, the organization operates autonomously with its own governance and is not a custodian of university funds (public record).