About the Fund
The Rines Angel Fund was founded in 2015 to provide a bridge between the next generation of angel investors and the New England private equity community.
STUDENT FOUNDED, ENTREPRENEURIAL DRIVEN, START-UP FOCUSED
The Rines Angel Fund is a highly selective year-long four credit course at the University of New Hampshire; students must successfully complete an arduous application and interview process to be accepted into the Fund as an associate. Student associates are versed in angel and venture capital investment strategies through a balance of angel investing research conducted at the Center for Venture Research, deal flow generated from actual companies seeking funding, and industry experts.
The Fund allows high-achieving students of all backgrounds and academic disciplines to engage in an environment of like-minded individuals, including other students, entrepreneurs, investors, and business professionals. The collaborative atmosphere and the utilization of resources at the University of New Hampshire allows students to gain incredible experience -- and results in quality due diligence reports that inform investments.
Valuable due diligence takes time. Many angel groups lack full-time staff to conduct the necessary due diligence required when investing in startups. The Rines Angel Fund coordinates a team of cross-disciplinary students, from a variety of colleges at the University of New Hampshire, to help angel groups in conducting due diligence on a variety of companies operating in different sectors/industries.
Typically, startups need help preparing for investor presentations. There are many resources online that guide these ventures. However, the Rines Angel Fund invites pre-screened companies to present to the Fund’s associates, who ultimately complete due diligence on potential investment opportunities. Once due diligence is completed, the Rines Angel Fund shares our analysis with the entrepreneurs and the greater investor community. The benefit is two-fold, the entrepreneurs are receiving valuable feedback and angels/VC’s are seeing better deals with in-depth research to support potential investment opportunities.
Where Angel Investing Was Born
In 1978, William Wetzel, then a professor at the University of New Hampshire and founder of its Center for Venture Research, coined the term “angel investor” while completing a pioneering study on how entrepreneurs raised seed capital in the United States. In the study he began using the term "angel" to describe the investors that supported these entrepreneurs.
Today, the Rines Angel Fund is housed and managed at the Center for Venture Research, a multidisciplinary research unit of the Peter T. Paul College of Business and Economics at the University of New Hampshire. The students in the Rines Angel Fund work closely with the Director of the Center for Venture Research, Dr. Jeffrey Sohl, to further develop the Fund’s investment strategies.