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.”

Turns out her hunch was right. Clint Korver and Miriam Rivera, the two co-founders of the alumni group, were so intrigued by the business plan that they signed on as angel investors. ModeWalk.com, which was launched in January and has since recruited 42 designers, is now one of 11 businesses that investors from the alumni group have bankrolled over the past two years. Angels from the group have invested $3 million in early-stage companies that have presented at the group’s quarterly pitch meetings, says Korver, co-president of Stanford Angels & Entrepreneurs and a partner at ULU Ventures, a venture capital firm in Palo Alto, Calif.

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