Syndication | HBSAAA

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 CALLS

GLOBAL SYNDICATED INVESTMENT PRESENTATION:
New View Surgical

August 26, 2020 I 8am PDT, 11 am EDT, 4pm London, 5pm Continental Europe

Presenters: Bryce Klontz, President & CEO of New View Surgical and

Elaine Gilde, MBA'78, HBSAA New York

REGISTRATION OVER

About this event:

On behalf of the New York chapter, we would like to share the following investment opportunity:

New View Surgical, Inc. is a Boston-based med-tech firm that has developed a disruptive surgical visualization system for minimally invasive surgical procedures. The company’s mission is to increase patient access to minimally invasive surgical techniques world-wide. New View Surgical’s innovative and IP-protected VisionPort System simplifies minimally invasive procedures and addresses multiple pain points and inefficiencies that have persisted in minimally invasive surgery for years. Additionally, the system’s simplified design reduces the large capital equipment footprint and significant costs long associated with MIS visualization systems. New View Surgical’s team of executives, each with 25+ years of med tech experience, has completed the development of our first generation system and it preparing for submission to the FDA for 510(k) clearance by the end of 2020.

New View Surgical is currently raising $2M through a Series A-1 preferred equity offering. The Series A-1 round, initiated in June 2020, is already 75% full with investments from members of New York Angels (lead), Mid-Atlantic Bio-Angels, Harvard Business School Alumni Angels – New York, Keiretsu Forum, Ariel Savannah Angel Partners, among others. A majority of the Series A-1 funds have come via follow-on investments from current investors. The company plans to use the Series A-1 funds for operations through FDA clearance, transfer to manufacturing activities and to execute a thoughtful pre-commercialization market research and customer-engagement plan to strengthen their US product launch strategy and to increase the likelihood of short-term interest from strategic acquirers.

BRYCE KLONTZ

President & CEO, New View Surgical

Mr. Klontz is an accomplished global sales and marketing executive, having built and led commercial teams in the US, Europe and Asia. Most recently, Mr. Klontz was the Vice President of Commercial Strategy, Emerging Markets at Covidien, PLC where he led efforts to build commercial capabilities within the $1.5B+ Asia, Latin America, Emerging Europe, Middle East and Africa geographies. Mr. Klontz spent 14 years at Covidien in various leadership roles including Marketing Director in both the US and Europe, as well as 3 years as Vice President, Surgical Devices Business Unit, in Asia. Mr. Klontz also served as the global post-M&A integration lead for two of Covidien's most impactful acquisitions. Earlier in his career, Mr. Klontz played a pivotal role in the global launch of The CO2 Heart Laser System. Mr. Klontz received his MBA in marketing and finance from Carroll School of Management at Boston College and a Bachelor's degree from Northwestern University.

PAST SYNDICATED COMPANIES

HOW IT WORKS

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1. HOST CHAPTER

A company must meet a threshold of member investment in one of our HBS Alumni Angel Chapters listed here. The leadership of the host chapter nominates the company for global syndication and provides a local member contact to act as syndication lead and a company contact.

CRITERIA

Ideally, for global syndication a company should meet the following requirements:

Local host chapter members committed to invest at least $50,000* and local chapter forwards deal to global for syndication;
Company assures at least $50,000-100,000 investible capacity;
Company provides at least 2 weeks for due diligence following the webinar, prior to requiring an investment decision;
Minimum individual investment amount is set at $25,000 or less;

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.

GLOBAL SYNDICATED INVESTMENT PRESENTATION: New View Surgical