ABSTRACT

In an academic environment there are various pedagogies for learning about angel investing, all with various levels of engagement, cases, academic research, and lectures. This paper provides one model of a successful pedagogy that is grounded in experiential learning modalities, the student angel investment fund. It outlines the opportunities, challenges, and key determinants of success, based on the experiences of an existing student angel fund. The Rines Student Angel Investment Fund (the Fund) is a cross-disciplinary, undergraduate, student-managed angel investment fund that allows students to learn angel investment strategies through the first-hand experience of investing in start-up companies that are external to the university. The infrastructure needed to launch the initiative was an established presence in the angel market, a willing donor, a university amenable to having students run a high risk investment fund, and required developing and facilitating relationships with angel groups and demonstrating to the angel partners the value-add the Rines students could provide. The investment and due diligence process include multiple student presentations to the class, various levels of student participation, interaction with entrepreneurs and the Fund mentors (external practitioners), presentations to the angel partners and to an investment committee of professional investors.

摘要

在学术环境中，学习天使投资的方法多种多样，包括参与程度，案例，学术研究和讲座。本文提供了一种成功的教学法模型，该模型基于经验学习模式，即学生天使投资基金。根据现有的学生天使基金的经验，它概述了成功的机遇，挑战和关键决定因素。Rines学生天使投资基金（该基金）是一个跨学科，由本科生，学生管理的天使投资基金，它使学生可以通过投资于外部公司的第一手经验来学习天使投资策略。大学。发起该计划所需的基础设施是天使市场的建立基础，一个愿意捐助的人，一所适合让学生管理高风险投资基金的大学，要求与天使团体建立和促进关系，并向天使合作伙伴展示Rines学生可以提供的增值服务。投资和尽职调查过程包括对班级的多个学生介绍，不同级别的学生参与，与企业家和基金导师（外部执业者）的互动，向天使合伙人和专业投资者的投资委员会的介绍。