Seeking $500,000 to $5 million in angel investor capital? Your
old alma mater may be able to help. UniversityAngels.com is a
network of 75 university-specific sites that allow current students
and alumni to post business plans for 90 days for review by
accredited investors.
Interested entrepreneurs start the registration process by
completing a business plan summary at the Web site. If accepted,
business owners pay a one-time fee of $199, for the plan to be
ranked and posted on the site. Prospective investors receive notice
of all new postings. You'll have access to the entire network
of potential investors; however, your school's alumni are given
advanced notice of business plan postings.
If you successfully raise money through UniversityAngels, you
pay a success fee to the organization.
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Originally published in the May 2001 issue of Entrepreneur Magazine