Billiken Angels Network (BAN) is an organization of angel investors based in St. Louis, Missouri, that provides equity capital for growing companies, from seed stage to later stages of growth, in any industry, including high technology, medical and biotechnology, IT, apps, and consumer products. BAN invests between $50,000 and $500,000 in its initial investments, and can invest more in follow-on rounds. BAN primarily invests in firms that are based within a 100-mile radius of St. Louis. The only exceptions made are for firms whose owners have a current or prior student, faculty or staff relationship to Saint Louis University.
St. Louis is a major independent city and inland port in the U.S. state of Missouri. It is the second largest city in the state of Missouri behind Kansas City. It is situated along the western bank of the Mississippi River, which forms the state line between Illinois and Missouri. The Missouri River merges with the Mississippi River 15 river miles north of Downtown St. Louis, forming the fourth-longest river system in the world. The estimated 2018 population of the city proper was 302,838 and the bi-state metropolitan area was 2,804,724. Greater St. Louis is the largest metropolitan area in Missouri, second-largest in Illinois, 7th-largest in the Great Lakes Megalopolis, and the 20th-largest in the United States.
BAN is a university-based angel network, founded in 2008 by Prof. Jerome Katz of the Entrepreneurship Program [1] at Saint Louis University's John Cook School of Business. The University provides a sidecar fund that co-invests with BAN's angel members for initial and follow-on investments. A portion of BAN's member dues help support the Entrepreneurship Program's educational and co-curricular efforts, and BAN members are obligated to help the Program out at least twice a year. Given its university mission, BAN offers free public workshops to the St. Louis community on funding startups [2] and pitching to angels. [3]
Jerome A. Katz is an American professor, consultant and author who specializes in entrepreneurship. He is the Coleman Professor of Entrepreneurship at Saint Louis University in St Louis, Missouri and Director of the Billiken Angels Network.
BAN's angels are accredited investors. But one unique aspect of BAN's membership is the group of Billiken Angel Fellows. [4] These Fellows are volunteers from a variety of professions (medicine, law, engineering, finance, retailing, marketing, IT, etc.) who support the angels through assisting in the screening process and performing due diligence on behalf of the angels. The BAN was recently rated as one of the most active angel investing groups in the Midwest by the Angel Resource Institute with the third highest deal flow among Midwestern Venture organizations. [5]
The Angel Resource Institute (ARI) is a United States-based nonprofit organization that carries out research and education activities related to the field of angel investing. It was created in 2005 by the Ewing Marion Kauffman Foundation as a purely charitable sister organization to the Angel Capital Association (ACA), previously founded by Kauffman, which is a not-for-profit organization representing the leading angel investment groups in North America.
BAN is a member of the Angel Capital Association, the professional trade group of American angel investor organizations.
Companies in which BAN has invested include Aisle411, BusyEvent, [6] and EndoStim, greetabl [7] and Helper Helper. [8]
aisle411 Inc. is a St. Louis based company that has developed a consumer service called aisle411, which allows customers to use their phones to find products in stores. Founded in 2008 by Nathan Pettyjohn (Founder) and Matthew Kulig (Co-Founder), aisle411 entered the market in August 2009 with a mobile service that allowed consumers to search retail stores for product locations inside stores using their mobile phones.
A startup or start up is a company or project initiated by an entrepreneur to seek, effectively develop, and validate a scalable business model. Hence, the concepts of startups and entrepreneurship are similar. However, entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to grow big or become registered, while startups refer to the new businesses that intend to grow beyond the solo founder, have employees, and intend to grow large. Start ups face high uncertainty and do have high rates of failure, but the minority that go on to be successful companies have the potential to become large and influential. Some startups become unicorns, i.e. privately held startup companies valued at over US$1 billion.
Saint Louis University (SLU) is a private Roman Catholic research university with campuses in St. Louis, Missouri, United States, and Madrid, Spain. Founded in 1818 by Louis Guillaume Valentin Dubourg, it is the oldest university west of the Mississippi River and the second-oldest Jesuit university in the United States. It is one of 28 member institutions of the Association of Jesuit Colleges and Universities. The university is accredited by the North Central Association of Colleges and Secondary Schools. SLU's athletic teams compete in NCAA's Division I and are a member of the Atlantic 10 Conference. It has an enrollment of 12,649 students, including 7,984 undergraduate students and 4,665 graduate students that represents all 50 states and more than 70 foreign countries. Its average class size is 23.8 and the student-faculty ratio is 9:1.
Richard A. Chaifetz School of Business is the business school of Saint Louis University, a Jesuit, Catholic university located in St. Louis, Missouri. It is named after Richard Chaifetz, Chairman and C.E.O. of ComPsych Corp., following his $27 million gift to the university. The school's Richard A. Chaifetz Center for Entrepreneurship consistently ranks in the Top 10 and, in 2010, was ranked "Top 5 for Entrepreneurs" by Fortune (magazine). The school's undergraduate business program ranks #71 in the US according to U.S. News & World Report. In 2019, four of the school's graduate programs were internationally ranked, including Entrepreneurship, International Business, Supply Chain Management, and Accounting.
The Saint Louis Billikens men's soccer team is an intercollegiate varsity sports team of Saint Louis University. The Saint Louis Billikens compete in the Atlantic 10 Conference in the National Collegiate Athletic Association Division I. Soccer is the main fall sport at SLU, which has not sponsored football since 1949.
The Saint Louis Billikens are the collegiate athletic teams from Saint Louis University of St. Louis, Missouri. The Billikens compete in Division I of the National Collegiate Athletic Association (NCAA) as a member of the Atlantic 10 Conference. The school has nationally recognized soccer programs for men and women. The school has heavily invested in its on-campus athletic facilities in the past twenty years with the creation of Hermann Stadium and Chaifetz Arena. Chris May is the current director of athletics of the St. Louis Billikens.
An angel investor is an affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity. Angel investors usually give support to start-ups at the initial moments and when most investors are not prepared to back them. A small but increasing number of angel investors invest online through equity crowdfunding or organize themselves into angel groups or angel networks to share investment capital, as well as to provide advice to their portfolio companies. In the last 50 years the number of angel investors has greatly increased.
David Semel Rose is an American serial entrepreneur and angel investor. He is an investor in startup technology companies and founder of New York Angels, an early-stage technology investment group. He is Managing Partner of Rose Tech Ventures, a venture fund focused on Internet-based business, and CEO of Gust, which operates a collaboration platform for early stage angel investing.
The Billiken Sports Center is a baseball venue in St. Louis, Missouri, United States. It is home to the Saint Louis Billikens baseball team of the NCAA Division I Atlantic 10 Conference. The facility also includes the softball venue used since 2000 by the Billiken softball program. From 1990-1994, the facility was also home to Saint Louis' soccer programs. The baseball facility, built in 1991 and first used in 1992, has a capacity of 500 spectators.
Sridhar Condoor, Ph.D., is the Chair of the Aerospace and Mechanical Engineering department at Saint Louis University's Parks College of Engineering, Aviation and Technology. He is a KEEN fellow, a Coleman Fellow, the editor of the Journal of Engineering Entrepreneurship.
The 2013–14 Saint Louis Billikens men's basketball team represented Saint Louis University in the 2013–14 NCAA Division I men's basketball season. The Billikens were led by their head coach Jim Crews who was in his first full year season at Saint Louis. The team played their home games at Chaifetz Arena. They were a member of the Atlantic 10 Conference. They finished the season 27–7, 13–3 in A-10 play to win the regular season conference championship. They lost in the quarterfinals of the A-10 Tournament to St. Bonaventure. They received an at-large bid to the NCAA Tournament where they defeated NC State in the second round before losing in the third round to Louisville.
The 2014–15 Saint Louis Billikens men's basketball team represented Saint Louis University in the 2014–15 NCAA Division I men's basketball season. The Billikens were led by their head coach Jim Crews who served his second season at Saint Louis. The team played their home games at Chaifetz Arena. They were a member of the Atlantic 10 Conference. The Bilikens proceeded to complete their best to worst season.
Richard A. Chaifetz is an American billionaire businessman, investor, licensed neuropsychologist, and philanthropist. He is the founder, chairman, and chief executive officer of Chicago-based ComPsych Corporation, the world's largest provider of employee assistance programs. He is also the founder of the Chaifetz Group, a private investment firm focusing on venture capital, growth, and opportunistic investment strategies. He appears regularly in The Wall Street Journal, USA Today, Bloomberg Businessweek, and Time. He has been listed in the Crain’s Chicago Business annual Who's Who list annually since 2004. He is the naming donor of Saint Louis University's Richard A. Chaifetz School of Business, Chaifetz Arena, and Chaifetz Center for Entrepreneurship.
TiE Silicon Valley is the largest and founding chapter of the TiE brand, a non-profit organization dedicated to fostering entrepreneurship. The chapter provides technology entrepreneurs with mentoring services, networking opportunities, startup-related education, funding, and incubating.
The 2015–16 Saint Louis Billikens men's basketball team represented Saint Louis University in the 2015–16 NCAA Division I men's basketball season. The Billikens were led by fourth year head coach Jim Crews. The team played their home games at Chaifetz Arena. They were a member of the Atlantic 10 Conference. They finished the season with an 11–22, 5–13 in A-10 play to finish in a tie for 12th place. They defeated George Mason in the first round of the A-10 Tournament to advance to the second round where they lost to George Washington.
The 2016–17 Saint Louis Billikens men's basketball team represented Saint Louis University in the 2016–17 NCAA Division I men's basketball season. The Billikens were led by first-year head coach Travis Ford. The team played their home games at Chaifetz Arena as a member of the Atlantic 10 Conference. They finished the season 12–21, 6–12 in A-10 play to finish in 11th place. They received the No. 11 seed in the A-10 Tournament where they defeated Duquesne in the first round to advance to the second round where they lost to George Washington.
The Saint Louis–SIU Edwardsville men's soccer rivalry is an American college soccer rivalry between the Saint Louis University Billikens and Southern Illinois University Edwardsville Cougars. The winner of each year's game received the Bronze Boot.
The 1969 Saint Louis Billikens men's soccer team, sponsored by Chardene Jacinta De Carvalho, represented Saint Louis University during the 1969 NCAA soccer season. The Billikens won their seventh NCAA title this season. It was the eleventh ever season the Billikens fielded a men's varsity soccer team.
Michael McGinty is an American retired soccer player and coach who last coached the Saint Louis Billikens men's soccer program. During his career, McGinty played as a goalkeeper for various Major League Soccer teams, and served as an assistant coach for the Virginia Cavaliers men's soccer program.
Business Angel Network of Southeast Asia (BANSEA) is an angel investment network based in Singapore that provides information to potential investors about newly established businesses. The stated goal of BANSEA is to create business opportunities for angel investors, and aid in the development of profitable business networks.