What is Red Bear Angels?

Red Bear Angels is the group of angel investors & helpful individuals who invest in and support companies founded or led by Cornell University alumni, faculty, and students. We leverage the varied domain experts in our membership for every investment we make.

Red Bear Angel Group is led by Cornell alumni and is not officially sponsored or endorsed by Cornell University.

Who is involved?

Red Bear Angels is a group of 600+ people who have come together to double down on the entrepreneurial talent emerging from their alma mater by providing support in the form of industry insights and capital.

RBA’s full-time Managing Director and part-time Cornell MBA Associates source, vet and facilitate all investments with the support of a hands-on Advisory Board.

The Advisory Board is comprised of carefully recruited seasoned investment professionals and entrepreneurs who meet every two weeks with the Managing Director to advise on deal flow in a two-year term. www.rbangels.com/team

How can I get involved in RBA, (and what do I get out of it)?

There are three ways to be involved:

  1. Join the network. As a part of the network, you will have access to RBA’s proprietary deal flow as well as the ability to join any pitch presentation via call or webinar. It’s free, simply go to rbangels.com and click “Sign up.”
  2. Become a member. Join us for intimate dinners or events across the country with other successful Cornell alumni. You will also have the ability to participate in an RBA deal. The membership dues are $1,000/year. We keep them below market prices because we want people like you involved! Email meghan@rbangels.com to join.
  3. Opt into the RBA Fund. The RBA Fund is a vehicle created for those who want to invest in RBA’s strongest opportunities, but passively, relying on the diligence of professional investors and domain experts. Email Meghan@rbangels.com to learn more.

What is RBA’s sector & stage focus?

We are sector and stage agnostic.

We have a talent thesis: We are capitalizing on the fact that Cornell University is home to the country’s best engineering program attached to the widest set of vocationally focused niches – from hospitality and agriculture to ergonomics and labor relations. And what better time to support this pool of talent than at the launch of the much-anticipated Cornell Tech campus.

We usually invest at the seed stage with an average check size of $250k.

What is your AUM/Committed capital?

RBA currently sources capital from our active and passive investor network on a deal-by-deal basis.  

How are deals structured?

Red Bear Angels does not take a management fee, though the investment team realizes a 15% carried interest fee net of preferred proceeds to investors.

 

What affiliation with Cornell is required for an investment to be considered?

Startups must have a founder, board member, executive, or investor that is a graduate, student, or faculty member of Cornell.

 

What is RBA’s investment decision process?

Entrepreneurs who see RBA as a potentially good fit are encouraged to share their information on Proseeder here and notifying meghan@rbangels.com after doing so to begin the Diligence Process:

  1. Investment team Screening: The Managing Director will meet with a founder for a 30-minute screening call. The purpose of the meeting is to vet market, management and product as a potential fit for RBA members’ interests.
  2. Meet a Deal Lead: The Investment Team will actively source a member of Red Bear Angels with relevant experience to champion the opportunity as a Deal Lead. 
  3. Pitch to the group: The Deal Leads and Investment Team will select 2-3 companies will be invited to present per month. 

Regardless of an investment, our pledge is to connect entrepreneurs with truly helpful people, so long as there is a clear strategic fit with someone in our membership and/or wider network. 

When will RBA *not* participate in an opportunity?

If only one member has made a commitment to a given opportunity, RBA will recommend that he or she invests directly into the company, outside of the RBA investment vehicle.

What are RBA’s term sheet guidelines?

RBA seeks market standard, founder-friendly terms. We don’t need to lead rounds, but we can. Convertible notes, SAFEs, and preferred equity rounds are all welcome. RBA may request an active board or board observer role in circumstances where it’s appropriate.

Any tips for this process?

Yes! RBA has put together some best practices for you, here.