A group of 20 Snap alumni has come together to launch a fund called Ghost Angels to back the next generation of social media.
Former employees of successful tech companies are increasingly leveraging their networks and capital to fund new ventures, particularly in spaces they understand intimately.
This emergence of 'Ghost Angels' funds signals a new, more concentrated source of early-stage capital and expertise for specific tech sectors such as social media.
The landscape for startup funding in social media gains a targeted, experienced, and potentially influential new player, which could accelerate innovation within that niche.
- · Next-gen social media startups
- · Early-stage venture capital (niche)
- · Snap alumni network
- · Generalist early-stage VCs
- · Founders without strong network ties
Increased funding and mentorship for social media startups from experienced operators.
Potential for faster iteration and disruption in the social media landscape due to more informed capital.
The 'Ghost Angel' model could proliferate across other successful tech company alumni networks, creating more sector-specific micro-funds.
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Read at TechCrunch — Venture