Feb 28, 2023

But it’s coming late to the alumni-investing party. Alumni with connections to University of Chicago, Notre Dame and Harvard Business School all have launched angel investing groups in recent years. Hyde Park Angels, which started in 2007 by people connected with U of C’s Polsky Center for Entrepreneurship, is the best known. It has 147 investors and 55 active investments, including startups such as ShipBob, Simple Mills and Four Kites. Hyde Park Angels, now known as HPA, groups its investments in three-year cohorts. It has invested $100 million in the past three cohorts. Irish Angels , a Notre Dame-connected angel group with about 240 members, has invested $60 million in more than 90 companies since it was founded in 2012. Harvard Business School Alumni Angels of Chicago has invested more than $70 million in more than 300 companies since it launched in 2012. Most angel groups meet quarterly to hear pitches from startups. Illini Angels will hold its first pitches later this month. RECOMMENDED FOR YOU