Harvard Business School Alumni Angels New York

FAST TRACK:

​

The purpose of the “Fast Track” is to enable HBSAANY members to expedite the process of securing additional funding for companies in which they invest.
 

A HBSAANY “Fast Track” company is guaranteed a slot at the next pitch night.  In some circumstances, when time is of the essence and schedules permit, we will set up a special “Fast Track” pitch night.

The “Fast Track” criteria are as follows:
 

1. The Deal Lead must be an active HBSAANY member who has invested at least $25k in the company in the current funding round at the same substantial terms that are offered to HBSAANY members.  The HBSAANY Deal Lead will actively serve as the liaison to the company through the process.
    

2. The fast track company’s funding round must be:

• open to a minimum of $100k in HBSAANY investment in this round

• the funding round should be at least 50% committed at the same substantial terms

• raising a round of $200k or more.
   

“Fast Track” companies are subject to final approval by HBSAANY.

​

In order to apply for the Fast Track:
 

• Submit an application via the regular GUST process.

• E-Mail Fast Track Chairman Doug Libby (dlibby at primorisven2ures.com) to notify HBSAANY that you have a company for Fast Track consideration.

• In additional to the usual evaluation material, your gust submission should include:

  • a cap table with details of current and past funding rounds

  • full financial model showing historical and projected performance

  • detailed term sheet that meets the criteria above.