Allan is a founder of Life Science Angels, the largest angel organization in the U.S. focused solely on early-stage medical device and life science start-ups, and comprised solely of high net worth individuals from the medical device or biotech fields. LSA has invested over $40M in 45 startups and achieved 7 positive exits to date.

In 2007, Allan joined renowned inventor, entrepreneur, and cardiac surgeon, Dr. Thomas Fogarty, in co-founding Emergent Medical Partners, a venture fund focused on early-stage medical device company creation and investing. EMP has invested $55M in 28 startups with 8 positive exits to date.

Allan is a member of the board of both the Kauffman Foundation’s Angel Capital Association and Angel Resource Institute. Until mid-2012, Allan was Chair of ARI, a nonprofit devoted to the promotion and study of angel investing. He was instrumental in the creation of the Halo Report, the first detailed data tracking early-stage investment by angel groups.