CMU Alumni Investing in CMU Founders


Each year Carnegie Mellon University students, faulty, and staff launch twenty to thirty new ventures. Many of these university based spin-offs originate from industry-leading research developed in labs across campus. Dozens more startups are also founded each year by alum around the globe. Crunchbase lists 1,029 startups founded by CMU Alumni.  



The mission of 99 Tartans is to partner with the highest potential early-stage CMU alumni companies and accelerate their success through access to capital and networks. 


My Heart

is in

the Work


The 99 Tartans Model

99 Tartans was started in May of 2017. We are organized and run by volunteer CMU alumni and students. We operate using a model similar to an Angel List Syndicate. Investment minimums are only $5K per deal to encourage alumni to make multiple small investments each year. 99 Tartans is not a Angel Group. We charge no membership fee or management fee. Similar to Angel List syndicates, there is a 20% carry on returns. The carry is split equally between the 99 Tartans Deal Lead and 99 Tartans, LLC to cover operating expenses.

We typically invest $100K – $150K into convertible note or SAFE seed rounds of $500K - $1M. We seek follow-on rights on Series A conversations terms. All investments are opt-in deal by deal by members. Members are asked to make at least one investment per year.


Ready to get involved?



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