Seattle, WA (SAN PR) – Space Angels Network, the leading source of capital for aerospace and aviation startups, has announced that it is accepting applications for a new level of membership reserved for student managed angel investment funds. Space Angels Network has also announced today that the University of Oxford Saïd Business School Venture Fund and the University of Washington Angel Fund are the first to join the network as part of this new program.
Space Angels Network recognized a growing trend in the number of established university angel funds. Typically founded with initial capital from alumni donors, university angel investment funds are opportunities for students pursuing degrees in finance or economics to gain real-world experience investing in early stage companies. Student fund managers evaluate investment opportunities, perform due diligence and make investments in companies with guidance from professors and notable alumni with experience in private equity investing.
As members of Space Angels Network, university angel funds will gain access to all network benefits including access to pre-screened early-stage aerospace and aviation investment opportunities and virtual and in-person investor events.
John Hoffmire, Fund Director of the Saïd Business School Venture Fund, said, “Our fund was designed to give students practical experience in making investment decisions. Membership in Space Angels Network will enhance that learning experience by providing students the opportunity to interact with investment professionals and entrepreneurs and to refine their investment knowledge by evaluating unique deals in an exciting and rapidly growing industry.”
Joe Landon, Managing Director of Space Angels Network said, “We are eager to work with this exciting new category of venture funds. Space Angels Network will help the next generation of professional investors learn to evaluate aerospace investment opportunities. The aerospace industry also benefits from the introduction of a new pool of potential investors. We look forward to growing this program and to working with many university angel funds across the world.”
Philip Brzytwa, one of the students managing the University of Washington Angel Fund added, “The classroom only takes you so far, and working with Space Angels Network has created a fantastic opportunity to screen amazing companies that our group otherwise would not encounter. Our Fund is already considering one company for a potential investment.”
For more information about the Space Angels Network and to learn how to apply for membership, contact firstname.lastname@example.org.
About Space Angels Network, LLC
Space Angels Network is a professionally managed national network of seed- and early-stage investors focused on aerospace-related ventures. Space Angels Network members share a common passion for promoting the development of the aerospace industry and related technologies while also earning attractive returns on private investments. The network allows members to find unique aerospace investment opportunities, to connect with like-minded accredited investors and aerospace industry experts around the world, and to collaborate on due diligence and deal negotiations. Through its extended strategic relationships with venture capital firms, federal science and technology agencies, state economic development organizations, incubators, research universities, incentive prize organizations, and other partners, Space Angels Network creates a robust ecosystem for both aerospace entrepreneurs and investors to connect for seed- and early-stage financing.
About the University of Oxford’s Saïd Business School Venture Fund
The Saïd Business School Venture Fund is a student-led organization started in 2006 with donations from Sir Phillip Green and David Bonderman. Investing in the same manner as private equity firms, the Fund invests alongside venture capital and impact investment funds in club deals and syndicates. Student members of the Fund committee are responsible for all parts of the investment process and work collaboratively on investment decisions and portfolio management to refine their investment knowledge and acumen. Any carry made by the fund’s investments is put back in the university as scholarships.
About the University of Washington’s Angel Fund
Sponsored by the Foster School of Business at the University of Washington, the UW Angel Fund enables fifteen MBA students to gain access to deal flow at a number of leading angel groups in the Pacific Northwest. The UW Angel Fund class works with local investors to screen startups, perform due diligence, and invest early seed capital in up to three companies per academic year.