Boston Harbor Angels

Boston Harbor Angels is a group of proven business leaders interested in investing a portion of our assets in high-growth, early-stage companies. Since 2004 we have made investments in companies in medical devices, IT, consumer products, business products, specialty materials, Internet, aviation, etc. We believe we contribute more than money to the companies we fund and welcome the opportunity to work with entrepreneurs who are open to taking advice, yet have the smarts and determination to make their company successful. Our focus is on early-stage companies, usually looking to raise $250K to $1.5M, where we can fund a portion of the round and syndicate the deal with other angel groups or early-stage venture funds. The company should be close to the commercialization stage and have a clear and defensible competitive advantage. We are looking for capital-efficient businesses that can reach profitability with less than $5M of equity investment and provide at least a tenfold return on the investment within five years. BHA does not invest as a fund—each of our members makes his or her individual investment decision—but we collaborate in due diligence. We are open to any opportunities that can make a strong business case and can take the position of a lead investor if one of us has strong expertise within our group. BHA receives 20-30 business summaries each month, out of which we select eight companies to make a personal presentation to our screening committee. The screening committee consists of volunteers from the group. The presentations are 10 minutes long, followed by 30-minute interactive discussion on the business opportunity. We provide our feedback on the strategy, tactics, presentation style, etc. on the spot. Four of the companies are invited to present to the whole group, so as to get members interested. After that, we decide to undertake due diligence concerning the companies before making an investment.