Thursday, January 20, 2011
Collaborative Fund Aims To Seed Startups That Compete On Values And Crowdsourcing
Angel investor and entrepreneur Craig Shapiro is starting a new seed fund based in Los Angeles with the help of friends and advisors like YouTube founder Chad Hurley and Kiva co-founder and Profounder CEO Jessica Jackley. Investors in the relatively small $6 million fund 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 Naked and RevelryBrands) Called the Collaborative Fund, it will invest in startups focused on two themes: collaborative consumption and those which use their values as a competitive weapon.