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How does the Band of Angels Venture fund operate with members of Band of Angels?

April 26, 2017angels band fund members operate venture

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How does the Band of Angels Venture fund operate with members of Band of Angels?

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The Band of Angels Venture Fund, L.P. is a $50M venture fund comprised exclusively of institutional partners including three corporations, two university endowments, and a large pension fund. The fund is directed by Ian Sobieski and coinvests in deals that are subscribed by members of the Band of Angels. Initial investment sizes are typically $300,000 with total commitments for successful companies reaching $2.5M. Generally, either a member of the Band of Angels or one of the Fund’s partners will take a board seat as part of an investment.