Welcome IU affiliated entrepreneurs! We invite you to review our FAQ below. If you don’t see your question in the list, our team is available to answer any questions you might have for us.
Our team is here to answer any question you may have about getting involved with IU Ventures.
There are a few easy ways you can introduce your company to our team. You can either reach out directly to a member of our team by going to the “Contact” section of the IU Ventures website or you can submit your information to us via a link on the “Entrepreneurs” section of our website. Once we receive your request, a member of our team will reach out to you to learn more about your company and your interest in connecting with IU Ventures.
Companies with a founder or a member of the C-Suite that is an IU alum, faculty, staff, student or parent. Also, companies based on technology licensed from Indiana University also meet the requirement for IU affiliation.
For initial meetings, companies should at minimum have a corporate overview presentation describing the market opportunity, the company’s solution, and the current team, as well as other information such as current and potential customers and partners, competitors, and any other information the company would deem appropriate. Financial projections would also be appropriate for an initial meeting. Subsequent meetings and due diligence, if any, will cover additional topics more in-depth, and could include product usage statistics (e.g., orders, shipments, subscribers, active users, downloads, website traffic, etc.), product development plans / roadmaps, pricing plans, detailed historical and projected financial statements, capitalization tables, hiring plans, partnership and licensing agreements, customer contracts, customer and prospective customer reports, marketing survey results, product ratings and reviews, intellectual property documentation, and other corporate documents.
IU Ventures does not sign non-disclosure or confidentiality agreements. For investments considered by the IU Angel Network, company information is shared with members through an online platform. Members are expected to keep all information confidential and to use information only for purposes of making investment decisions. At later stages in the diligence process, individual members may be asked to sign an NDA directly with the company. These agreements will not include IU Ventures and the IU Angel Network as a party.
The IU Angel Network is a membership network of accredited individual investors with an IU affiliation. IU Angel Network members invest their own capital directly into IU-affiliated companies and their investment proceeds, if any, are returned directly to the member.
The IU Philanthropic Venture Fund (IU PhV) consists of philanthropic contributions that are invested in high potential opportunities across the global IU community. The IU PhV may invest alongside the IU Angel Network in certain companies. All proceeds of IU PhV investments are returned to the IU PhV for reinvestment. Indiana University has committed $11 million to start the fund.
The IU Angel Network is a membership network. Members must be accredited individual investors with an IU affiliation and pay an annual membership fee of $1,500. IU Angel Network members invest their own capital directly into IU-affiliated companies and their investment proceeds, if any, are returned directly to the member. The IU Philanthropic Venture Fund is a philanthropic fund that receives donations and invests those donations into companies that have been selected by its investment committee. All proceeds of IU PhV investments are returned to the IU PhV for reinvestment. Indiana University has committed $11 million to start the IU Philanthropic Venture fund.
IU Angel Network members will have the opportunity to invest in IU-affiliated startups. Companies must meet the following criteria to be presented to the membership:
The IU Angel Network connects its members to companies seeking capital, which may have the potential for high growth and significant financial returns. When filtering opportunities for review by IU Angel Network members, the IU Angel Network operating team generally looks for the following attributes:
The IU Angel Network operating team does not provide investment recommendations. All investment decisions are made by individual members and all investments are made directly by members to companies. The team itself and/or through third-parties operates an information sharing platform and process designed to enable informed decision making in a timely manner.
Companies initiate the process by completing an online application. Once the application is complete, the following process steps will be followed:
The IU Angel Network operating team will provide appropriate administrative support and resources at all stages of the process.
In addition to being shareholders in member invested companies, IU Angel Network’s members can provide support and guidance to such companies based on experience and expertise. This could include advice on business strategy and tactics, introductions to potential customers or partners, assistance with recruiting, and facilitation of future financing rounds or exits. When appropriate, members may be asked to serve on the board of directors of member invested companies. Members will not be required to serve on boards.
In addition to the involvement of members with relevant experience and expertise, the IU Angel Network enables member invested companies to leverage the broader resources of the global IU community. This could include support from University faculty, project assistance from student internships, and targeted access to the University’s alumni and partner network. Most importantly, the operating team will actively match companies with expertise in the global IU network.
No. IU Angel Network members are not committing capital to a fund and are not required to invest in any deals. Individual members are free to either invest or not invest in any opportunity as they so choose. Although IU Ventures employees will not participate in investments presented to the IU Angel Network, the IU Philanthropic Venture Fund and other Indiana University affiliates may participate in such investments and in doing so may limit the availability and/or size of investment opportunities for IU Angel Network members or invest based on superior information or on alternative, and in some cases potentially more favorable, terms.
Members will consider investments in follow-on financings on a case-by-case basis. In general, companies should assume that IU Angel Network members will not be a source for significant additional capital. Members are typically focused on helping companies get through the early stages of growth with seed stage capital.
No. The IU Angel Network respects the privacy of members and will not publish a membership list. As companies enter the formal diligence process with the IU Angel Network, interested members will be introduced to the company. Background information can then be shared directly by members with companies.
The IU Philanthropic Venture Fund is a new, early stage venture fund launched in 2018 and managed by the IU Ventures team.
The IU Philanthropic Venture Fund makes investments for equity like most funds, but any equity realizations are returned to the fund (instead of individual and institutional limited partners) for reinvestment.
The IU Philanthropic Venture Fund has $11M to invest with plans to have up to $50M from donations and equity realizations. Investments range from $100k to $1M depending on the stage of company, size of the round and the investment case.
We invest at the seed, series A, and B stages and pro rata in subsequent rounds.
The IU Philanthropic Venture Fund is industry agnostic, but we focus in technology and science-based sectors.