Princeton Alumni Angels (PAA) is a member-led angel investment network composed of Princeton University alumni who invest collectively in early-stage, venture-scale startups. The group operates globally, leveraging the Princeton alumni network to provide early capital, mentorship, and follow-on connectivity, typically as a co-investor rather than a pricing lead.

 Pre-Seed: Selective participation, usually when companies are moving beyond friends-and-family capital.
 Seed: Core focus; most PAA investments occur at seed stage.
Series A: Occasional follow-on participation by individual members or through syndication.

Typical Check Size: $100K–$500K per deal (aggregated from participating alumni investors).
Typical Ownership Taken: ~1%–3% at entry.
Upper Range (Selective): Up to ~4–5% in smaller seed rounds or when PAA plays a heavier syndicate role.
Ownership Style: Minority, non-controlling.
Equity Structure: SAFE, convertible note, or preferred equity depending on round structure.
Board Seats: No board seats as a group; occasional advisor or observer roles via individual members.
Control: No control provisions; founder-friendly angel terms.

Submission Method: Founders apply through the Princeton Alumni Angels website, Gust platform, or via warm introductions from Princeton alumni.
Lead Requirement: Preferred but not mandatory; PAA commonly follows an identified lead investor.
Review Cadence: Rolling, aligned with member pitch meetings.

Sector Focus: Broad and tech-oriented, including B2B SaaS, fintech, healthcare, AI, climate tech, consumer tech, and deep-tech-light ventures.
Geography: Global; strong presence in the U.S., but international companies are eligible.
Stage: Pre-seed to seed; early product validation or traction preferred.
Company Profile: Venture-scale opportunity with large market potential.
Team: Strong founding teams; Princeton affiliation is not required for founders.

Initial Intake: Review of pitch deck, team background, traction, and venture scale potential.
 Screening Committee: Selected startups present to a smaller screening group of alumni investors.
 Member Presentation: Finalists pitch to the broader PAA membership.
 Due Diligence: Collaborative diligence by interested members (market, product, team, references).
 Deal Structuring: Allocation sized to fit cleanly into the round without crowding future VCs.

Strategic Capital: Clean angel capital with modest dilution.
Alumni Network: Access to a global Princeton alumni base of operators, executives, and investors.
Mentorship: Domain-specific guidance from experienced alumni.
Follow-On Access: Introductions to other angel groups, seed funds, and early-stage VCs.