Where veterans starting angel fund

There’s a new band of angels in town. Veterans of the mobile marketing startup Where — acquired by PayPal for about $135 million two years ago — are getting together to make investments in startups via the new Where Angel Fund. It’ll be up and running next month, with a goal of making 10 or 12 early investments over the next 12 to 18 months, says David Chang, Where’s former VP of product and now head of the Boston office of PayPal. The fund will make investments of $50,000 to $75,000, and focus on areas like mobile apps, adtech, consumer technologies, and digital media. The fund will be operated using a new equity crowdfunding platform called Launch Angels, run by Shereen Shermak — who happens to be married to Chang. Shermak was previously the co-founder of BuysideFX, a foreign exchange trading startup.
This excerpt is taken from the article ‘Veterans of Where, mobile startup acquired by PayPal, starting angel fund’. To read the full text of the article, please visit Boston Globe.
Launch Angels is a Boston-based venture capital firm that helps alumni, universities, and other affinity groups create venture funds to support early stage companies that meet each fund’s unique investment goals.


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