Tech Transfer eNews Blog

Alumni investment group in the Research Triangle adds Duke to its roster


By Jesse Schwartz
Published: February 6th, 2019

Alumshares, an investment company focused on bringing alumni investors start-ups coming out of their alma maters, has added Duke University to its roster.

According to co-founder and CEO Michael McCord, the goal of Alumshares is to enable alumni to invest in promising start-ups launched out of universities, with an initial focus in the Research Triangle area. The company will kick off its partnership with Duke by giving alumni members free investment access to start-ups from several top research universities.

“People identify who they are with where they went to school,” says McCord. “They have ties to their school’s athletics or their degree… but the research space is largely invisible to them.”

Alumshares works with universities’ own investment platforms, such as NC State’s Wolfpack Investor Network (WIN), which often boast significant capital and investing experience, yet they are typically comprised of just a few hundred individuals. As McCord points out, there are thousands of alumni who might be interested in funding start-ups from their schools.

“We want to bring that third leg to build companies around academic affiliation,” he says. “We want to work with existing infrastructure and be a force multiplier of what they’re doing.”

Joe Sinsheimer, managing director of WIN, stands behind McCord and his mission. “Alumshares makes investing for our members so simple,” says Sinsheimer. “Instead of worrying about coordinating complicated closings, I’m able to focus on expanding our network of alumni and getting great companies in front of them. With Alumshares, I’m able to ensure our university ecosystem receives the support it deserves.”

Source: WRAL TechWire

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