Everything you need to know about investing with 99 Tartans. Can't find your answer? Reach out at hello@99Tartans.com.
Who can join 99 Tartans?
Open to all CMU alumni who are accredited to invest in non-publicly traded securities.
What is the minimum investment?
$5,000 per deal. All investments are opt-in, deal by deal, at your discretion.
How are investments structured?
For each deal, a new LLC is created consisting of the subset of members participating.
Are there any fees?
No membership fees from 99TAA. When you invest in a deal, AngelList charges standard SPV setup and administration fees at the time you wire. 20% carry on returns, reduced to 10% above $25K.
Where do deals come from?
Sourced from members who have mentored startups and believe they're ready. Some apply directly.
Only Pittsburgh-based companies?
No. We invest in any U.S.-based company with CMU ties, regardless of location.
What are typical check sizes?
$100K–$150K into seed rounds of $500K–$1M via SAFEs, convertible notes, or preferred stock.
What post-close support exists?
A managing member serves as primary founder contact. AngelList manages tax filings and K-1 distribution through Belltower.
Still have questions? Let's talk.
Reach out and we'll get back to you within a few days.