MBA Startups Find Alumni Angels With Money to Burn

Happy Toy Machine, a plush toy company, was started by an MBA from UC- Berkeley's Haas School of Business, who received funding from school alumni

When MBA graduates Henri Deshays and Beatrice Pang were trying to get their new online luxury boutique off the ground in 2011, they turned to Stanford alumni for guidance and, perhaps more importantly, capital. The two Stanford Graduate School of Business alums pitched their business idea, ModeWalk.com, to the school’s recently formed Stanford Angels & Entrepreneurs, an alumni group that connects entrepreneurs with potential investors. Says Pang: “We thought we had something really interesting.”

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