HBS Alumni Angels New York

What HBS Alumni Angels New York does

HBS Alumni Angels of Greater New York (HBSAANY) is a 501(c)(6) not-for-profit angel investment network and the largest chapter of the Harvard Business School Alumni Angels Association. Founded in 2015 (firmographic data cites 2011 for the broader association predecessor activity) and headquartered in New York City, the organization provides a structured platform for accredited HBS and Harvard alumni to evaluate, conduct due diligence on, and individually invest in early-stage companies. Its core product is the HBSAANY Angel Investment Platform, anchored by monthly pitch nights held on the first working Monday of each month at Dentons' Manhattan offices. A screening committee and approximately 50 sector leads evaluate applications submitted via the Gust platform; up to six companies are selected to present monthly, after which deal teams are formed for diligence and individual angels invest on coordinated round terms.

The portfolio spans 25+ investment sectors including AI, Fintech, Life Science, Consumer Products, B2B Software, Healthcare Technology, and Drone Technology, with named investments in Integrated Reality Labs, SleepScore Labs, Arcturus, xCures, Skyfire AI, Ocrolus, Wellthy, Atraverse, Smartlens, and ProSentry. To date, the network has invested over $40M across 157+ companies, including 24 deals in 2025 alone. Supplemental programs include the Fast Track Program (expedited pitch-night access for qualified rounds), a Lead Investor program (assigning a senior volunteer to each portfolio company), an Expert Mentor network, the Angel Insights blog, and a structured Value Creation Framework covering People, Growth, Operations, Financing, and Portfolio leverage.

Revenue mechanics are limited to member subscription pricing ($350 for a 1-year membership or $750 for a 3-year membership), with inclusion of HBS Club of NY and Angel Capital Association memberships. Angels invest individually at their discretion with no required investment minimum. Geographic focus is the Greater New York area (including Connecticut, New Jersey, and eastern Pennsylvania), with broader deal-syndication capability through HBSAA's twelve chapters on four continents. Operational partners include the HBS Club of New York, HBSAA Global, Angel Capital Association, and a Venture Capital Advisory Board of seven named NY-area VCs who advise on follow-on funding pathways.

Name

HBS Alumni Angels New York

Legal name

Harvard Business School Alumni Angels of Greater New York

Website

https://hbsangelsny.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

HBSAANY is a 501(c)(6) New York angel investment network of 300+ HBS and Harvard alumni that has deployed $40M+ across 157+ early-stage companies via monthly pitch nights and structured sector-led diligence.

Ownership category

akta.pro rank

Product category

Angel Investing

NAICS

Portfolio Management and Investment Advice (52394), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282)

akta.pro primary industry

Early-Stage Venture Capital (Series A/B) (FSANAAAB)

akta.pro secondary industry

Endowment / OCIO-Style Multi-Manager Platforms (FSANAGAG)

Keywords

• Angel investment network
• Early-stage startup funding
• Investor membership association
• Startup pitch events
• Angel deal screening

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Marketing or Sales, Others

Revenue model

1. Membership Dues: Annual membership dues provide revenue to support organization operations. Members gain access to pitch events, due diligence participation, investor education, and alumni network benefits.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels10 records

Core offering

Harvard Business School Alumni Angels of Greater New York (HBSAANY) operates a member-driven angel investing platform that connects 300+ accredited HBS and Harvard alumni investors with early-stage startups seeking capital. The organization sources deals through the Gust application platform, screens them via 50+ sector leads, and hosts monthly pitch nights where selected companies present to members, who then conduct due diligence and invest individually as part of coordinated rounds. Post-investment, the network provides structured value-creation support including dedicated Lead Investors, mentorship, and a Venture Capital Advisory Board that connects portfolio companies to later-stage VC funding.

Product overview

HBSAANY is a 501(c)(6) not-for-profit member association and one of the largest HBS alumni angel networks in the United States, offering a unified angel investing membership platform. The core product is the HBSAANY Angel Investment Platform, through which over 300 members invest in early-stage companies. This platform is structured around Monthly Pitch Nights (first working Monday each month), a Due Diligence Process led by ~50 sector leads and deal teams, a Lead Investor Program assigning volunteer lead investors to each portfolio company, a Mentorship Program pairing founders with experienced HBS alumni mentors, and a Venture Capital Advisory Board connecting portfolio companies to later-stage VC funding. Supplementary offerings include the Angel Insights Blog (educational content on investing topics), the Fast Track Program (expedited entry to pitch nights for well-qualified companies), and quarterly Startup Showcase events co-sponsored with universities and accelerators. Value creation support is provided through a structured framework covering people engagement, growth acceleration, operational efficiency, financing, and portfolio-wide leverage. Membership costs $350/year or $750/three years and is open to HBS and Harvard alumni.

Differentiator

Problem solved

Functional benefit

Products and services

• Monthly Pitch Nights Monthly pitch events held on the first working Monday of each month at 5:30pm where up to six pre-screened startups present to HBSAANY member investors, followed by group discussion and individual investment decisions.
• Due Diligence Process Expert-led, detailed evaluation of startups selected for further review, with deal teams led by sector leads conducting deep-dive assessments of market potential, product viability, team capabilities, financial health, and regulatory standing.
• Mentorship Program A program matching founder/CEOs of HBSAANY-invested companies with experienced HBSAANY members who provide ongoing mentorship, supplemented by Expert Mentor consultations on specific topics such as regulatory, clinical, and operational issues.
• Lead Investor Program A volunteer Lead Investor is designated for most invested companies, serving as the gateway to the HBS network, assisting with follow-on financing, and coordinating investor communications on behalf of the company.
• Venture Capital Advisory Board (VCAB) A board of leading senior-level HBS graduate venture capitalists in the NY area who advise HBSAANY and source candidates for subsequent venture investment from the HBSAANY portfolio, including Chip Austin, Deborah Farrington, Matt Gorin, Rick Heitzman, David Teten, AJ Plotkin, and David Arcara.
• Fast Track Program An expedited funding process guaranteeing qualifying companies a slot at the next monthly pitch night, available to companies with an active HBSAANY member as deal lead who has committed at least $25k and where the round is at least 50% subscribed with a minimum of $100k committed.
• Startup Showcase Quarterly co-sponsored events with universities, alumni associations, and accelerators highlighting entrepreneurs and their companies, open to the public and not focused on formal funding solicitation.
• HBSAANY Value Creation Framework

Quantifiable outcome

• Over $40M+ invested in 157+ companies with new rounds closed monthly or less
• +2 more outcomes

Named customers9 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

16 partnerships are on record, tiered core and minor.

• Harvard Business School Club of New York (HBSCNY)coreStrategic or Co-development PartnerHBSAANY is part of the HBS Club of NY, benefiting from its commitment to HBS Entrepreneurship and the Alumni Startups program. Joint membership offers programs, fellowships, and awards.
• Harvard Business School Alumni Angels Association (HBSAA) GlobalcoreStrategic or Co-development PartnerHBSAANY is the largest chapter of HBSAA Global - a growing group of 12 local chapters on 4 continents. Can introduce companies to HBS investors across the globe.
• Angel Capital Association (ACA)coreStrategic or Co-development PartnerACA provides angel development resources, investor events, industry updates, and advocacy. Membership included with HBSAANY membership ($199 value).
• DentonsminorGTM or Marketing PartnerGlobal law firm sponsor. Pitch nights hosted at Dentons - 1221 Avenue of the Americas, NYC.
• Viking CruisesminorGTM or Marketing PartnerSponsor of HBS Alumni Angels of Greater New York.
• Harvard Innovation LabsminorStrategic or Co-development PartnerPast co-sponsor of Startup Showcase events.
• HBS Healthcare Alumni AssociationminorStrategic or Co-development PartnerPast co-sponsor of Startup Showcase events.
• Harvard Alumni EntrepreneursminorStrategic or Co-development PartnerPast co-sponsor of Startup Showcase events.
• Cornell Red Bear AngelsminorStrategic or Co-development PartnerPast co-sponsor of Startup Showcase events.
• MIT Sloan ManagementminorStrategic or Co-development PartnerPast co-sponsor of Startup Showcase events.
• Princeton Entrepreneurship CouncilminorStrategic or Co-development PartnerPast co-sponsor of Startup Showcase events.
• Bunker LabsminorStrategic or Co-development PartnerPast co-sponsor of Startup Showcase events - veteran entrepreneurship support.
• Harvard Veterans Alumni OrganizationminorStrategic or Co-development PartnerPast co-sponsor of Startup Showcase events.
• SOSAminorStrategic or Co-development PartnerPast co-sponsor of Startup Showcase events.
• SAP.iominorStrategic or Co-development PartnerPast co-sponsor of Startup Showcase events.
• B CorpminorStrategic or Co-development PartnerPast co-sponsor of Startup Showcase events.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Keiretsu Forum: One of the largest global angel networks with multiple chapters. Comparable in operating model (monthly pitch forums, due diligence, syndication) but broader in scope and not university-affiliated.
• Tech Coast Angels: One of the largest and most active US angel networks with structured pitch and diligence processes. Comparable in scale and operating cadence, though geographically focused on Southern California.

Direct peers

• Wharton Alumni Angels: University-affiliated alumni angel network with a comparable model — curated pitch events, member-by-member investing, and sector lead structure targeting early-stage founders.
• HBS Alumni Angels Association (Global): The parent global organization of HBSAANY with 12 chapters across 4 continents. Operates the same model of HBS-alumni angel investing and shares deal flow, members, and brand with the NY chapter.
• Stanford Angels & Entrepreneurs: Stanford-affiliated angel group with a member-driven, sector-lead structure similar to HBSAANY. Both share the elite-university alumni-investor thesis and operate curated pitch events.
• New York Angels: One of the largest US angel groups, operating in the same NYC geography. Uses a similar member-vetting, monthly pitch, and due-diligence process for early-stage investing.
• Band of Angels: Silicon Valley-based angel group with a member-driven model, monthly pitch events, and follow-on support — closely comparable to HBSAANY's process and target stage.
• MIT Alumni Angels: MIT-affiliated angel network investing in early-stage companies, leveraging MIT alumni operating expertise. Comparable in structure, membership base, and value-add orientation.
• Golden Seeds: National angel network with strong NYC presence, focused on early-stage investing with member-driven diligence. Comparable in member composition, monthly cadence, and value-add model.

Regional players

• Robin Hood Ventures: NY/PA-area angel network focused on early-stage startups. Overlaps with HBSAANY geographically and in target stage, providing a useful comparison for regional angel group dynamics.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/HBSAngelsNY
• Facebookfacebook.com/hbsaany
• LinkedInlinkedin.com/company/hbsnyangels
• Instagraminstagram.com/hbsangelsny

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HBS Alumni Angels New York