New L.A. Seed Fund Aims at Collaborative Consumption

TechCrunch reports on a new seed fund called Collaborative Fund, established in Los Angeles, that is seeking to invest in "collaborative consumption and those which use their values as a competitive weapon." The fund is established be veteran angel investor and entrepreneur, Craig Shapiro, with the help of friends and advisors like YouTube founder Chad Hurley and Kiva co-founder and Profounder CEO Jessica Jackley.  Shapiro believes the fund will help innovative businesses focused extracting additional economic value from existing resources by making them more productive.

Other investors in the relatively small fund of $6 million, include GM O'Connell, Nicholas Negroponte, Jason Krikorian (co-founder of Sling Media), Ben Goldhirsh (founder of Good and heir to the Inc. magazine fortune), and Brendan Synnot (founder of Bear Naken and RevelryBrands).  Collaborative Fund will make four to six seed investments per year and may eventually launch sister funds in the future.

Link to original article on TechCrunch.

No comments:

Post a Comment