GLOBAL DEAL SYNDICATION
HBS Alumni Angels syndicates selected deals across the full global membership of its 14 chapters. This enables selected deals from one chapter to reach a global network of accredited investor alumni. This is a unique benefit of being a member in a local HBS Alumni Angel chapter. Investment decisions are made and executed individually following a global webinar. Once investments are made, investors often assist companies in other areas as formal or informal advisers. For details on how the process works, please scroll down.
UPCOMING SYNDICATION CALL
GLOBAL SYNDICATED INVESTMENT PRESENTATION:
BLDUP
March 18, 2021 I 9am PST, 12pm EST, 5pm London, 6pm Continental Europe
Presenters: Noah Coughlin, CEO, BLDUP
Matt Hagen, GMP'19, HBS Angels Boston
About this event:
On behalf of the Boston chapter, we would like to share the following investment opportunity:
Product
BLDUP is a data-driven insights company that helps Commercial Real Estate (CRE) businesses reduce the sourcing time of market intelligence from months to minutes.
In the past year, BLDUP has experienced triple digit growth and is now raising a $2M seed round to scale the platform into 100 markets nationally.
BLDUP's value is centered on Real Estate Market Intelligence (REMI™), a proprietary non-public database that delivers a 360-degree view for CRE companies.
Their SaaS-based solution set is utilized by a wide range of companies in the CRE ecosystem, from construction firms to financing providers, and serve as a B2B marketplace whereby users can conduct market research, advertise their services, and drive lead generation.
Use cases include clients who attribute millions of incremental dollars in deal flow as a result of BLDUP and represents an exciting opportunity for this community to consider.
Terms of Current Angel Round
BLDUP is raising a $2M SAFE round of financing. The SAFEs will convert at either at a 20% discount or at a $10M pre-money cap. Of this $2M, BLDUP has already received $700K in funded equity from HBS Angels Boston and other accredited individuals, including current customers.
PAST SYNDICATED COMPANIES
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HOW IT WORKS
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CRITERIA
Ideally, for global syndication a company should meet the following requirements:
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Local host chapter members committed to invest at least $50,000* and local chapter forwards deal to global for syndication;
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Company assures at least $50,000-100,000 investible capacity;
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Company provides at least 2 weeks for due diligence following the webinar, prior to requiring an investment decision;
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Minimum individual investment amount is set at $25,000 or less;
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Company agrees to a one-time admin fee of $1500.
The Global Syndication Committee selects the most suitable company candidates from the 15 participating HBSAA chapters and is aiming to host monthly webinars.
*NY and other larger chapters may have a $100,000 min.