AngelList and Accomplice announce Spearhead, a $35M fund for new angel investors, offering up to $1M in investing capital to founders who back other founders
Today we're announcing Spearhead … Mark Boslet / PE Hub Blog : AngelList, Accomplice kick off Spearhead to encourage angel investing Serena Saitto / The Information : AngelList to Launch $35 Million Fund to Groom VC Investors Tweets: Claire Lee / @eclaireoh : Founders often have the best access to early-stage deals & judgement on the most exciting things their peers are working on. The problem is most founders can't invest - they're not accredited or lack personal capital to invest. A new fund by @AngelList http://blog.angel.co/... Shane Mac / @shanemac : So founders can be more helpful to other founders with money + advice Founders almost always get the best seed access. Founders want to work with other founders The LPs get lower “partner” carry (15% vs 20%) No management fees. No office expenses http://blog.angel.co/... Mike Dudas / @mdudas : This is really cool. I know many founders, including myself, who don't have the spare $$ to do angel deals despite seeing tons of great companies form. http://twitter.com/...