|Angel Investor Group Profile|
Founded in 2004, the Boston Harbor Angels remains as one of the region's pioneering angel groups with more than 25 successful investments in various industries. The network is looking for high-growth, start-up companies with great market potential and sustainability despite of consumer and market changes. To be specific, the group focuses on medical devices, biotechnology, software development, electronics, life science, aviation, consumer products and services, specialty materials, retailing, and entertainment industry sectors. The group currently manages its investment operations in Boston, Massachusetts.
The Boston Harbor Angels is comprised of 36 accredited investors, seasoned entrepreneurs, senior executives, and business leaders who are seeking emerging enterprises to hone and develop into some of the most successful ventures in business today. All members hail from Boston and they are targeting early-stage companies, from any geographic location as long as they meet the funding criteria set by the group.
The group is looking for business ventures that cater to a huge, diverse market (over $200M). Entrepreneurs must be able to devise accountable marketing strategies to increase revenues ($50M in four years) and sustain its growth for a period of time. Aside from valuing the needs of its target market, the entrepreneur should likewise prove the urgent need of the product or service that the company offers (a breakthrough, not just a fad). Competitive advantage such as proprietary technology, exclusive licenses, intellectual property, and patent should be able to secure market entry and consumer trust. As the network seeks significant return on their investments (at least 10 times of the initial equity provided), a well-articulated exit strategy is required. Furthermore, its exceptional management team should be able to present how the investments made by Boston Harbor Angels' members will be used to achieve the company's initial milestones.
Investments are done individually but members work as a group in conducting the selection process, due diligence, and particularly the closure of deals. In addition, members commit in an investment amount that ranges from $250,000 to $650,000 in each company. Subsequent financing is also mediated by the group through its wide syndicate of business partners that include venture capital firms, angel groups, technology centers, universities, institutions, and business organizations.
Since 2004, the Boston Harbor Angels' list of portfolio companies includes SmartCells, Zoom Systems, MedChannel, Cambridge Endoscopic Devices, Lessac Technologies, Chronix Biomedical, XCOR, Chasma, Harmony Line, and Fortescue Corporation. Rasky Baerlein Strategic Communications and Nutter McClennen & Fish, LLP are two of the group's elite sponsors as well as partnership with Babson College in Massachusetts.
The Boston Harbor Angels is a charter member of the Angel Capital Association (ACA), a professional group of angel organizations in North America that shares expertise and resources to develop a strong business community in the region.
Boston Harbor Angels Website
With just three years of experience in the angel investment industry, the Boston Harbor Angels proves that success is not determined by years but by quality of investment. The website that the group maintains is a proof of its excellence -- the articles are very informative, useful, and well-articulated. The site covers almost every detail needed by entrepreneurs who are planning to seek seed capital to support their companies. From the investment process and funding criteria up to the submission of business plan, everything is explained well. In addition, the software used to upload the proposals is easy to use and convenient.
Conversely, prospective members are guided by useful articles about membership requirements, fees, benefits, and responsibilities. Quick links to the group's affiliate groups, business articles, and technology organizations are provided as well.
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|Angel Investor Group Profile|