Editor's Note: Learn from a panel of experts and entrepreneurs who have successfully financed their own ventures and are helping others do it at the Thought Leaders Live 2013 event May 29, in Long Beach, Calif. Event and ticket information can be found here.
Seeking $500,000 to $5 million in angel investor capital? Your old alma mater may be able to help. UniversityAngels.com is a network of 75 university-specific sites that allow current students and alumni to post business plans for 90 days for review by accredited investors.
Interested entrepreneurs start the registration process by completing a business plan summary at the Web site. If accepted, business owners pay a one-time fee of $199, for the plan to be ranked and posted on the site. Prospective investors receive notice of all new postings. You'll have access to the entire network of potential investors; however, your school's alumni are given advanced notice of business plan postings.
If you successfully raise money through UniversityAngels, you pay a success fee to the organization.
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This article was originally published in the May 2001 print edition of Entrepreneur with the headline: Cash In On Your Class.
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