Mike Nolan brings an unusual background to angel investing at Walnut Venture Associates, having worked as an F-15 pilot and trainer and in Air Force test work before studying at MIT's System Design and Management program, and he now focuses on machine learning startups by checking their claims against academic papers and open research to see if they're really different from what's already out there. He first got involved with Walnut after listening to the Angel Invest Boston podcast, and he's especially interested in healthcare applications of AI, as seen in his work with Piction Health, where he was drawn to the company's proprietary data advantage in dermatology image recognition.
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SaaS, Health, Biotech, Fintech, Enterprise
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Walnut Venture Associates holds monthly pitch meetings at Babson College that serve as live teaching labs where students observe both pitches and investor deliberations, creating an unusually tight bridge between an angel group and an entrepreneurship school. The group was founded by Ralph Wagner and other Data General/TA Associates-era operators rather than career financiers, and maintains a working group culture of only ~25 members who have collectively made 250+ investments and held 120+ board roles since the late 1990s.
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Deeptech / Hardware
Robotics
Biotech
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12
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Unknown
Pre-Seed - Seed
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$400K - $2M
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Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
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Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
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Biotech
Health
Deeptech / Hardware
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2
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Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
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Climate
Deeptech / Hardware
Materials
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4
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Pre-Seed - Seed
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$400K - $1.5M
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Deeptech / Hardware
Robotics
Biotech
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7
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Pre-Seed - Seed
Unknown
$400K - $2M
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Deeptech / Hardware
Robotics
Biotech
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2
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Unknown
Pre-Seed - Seed
Unknown
~$750K
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Fintech
Deeptech / Hardware
Devtools
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2
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Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
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