Where Founders Launch VC Firm

Veterans of local search and recommendations startup Where, acquired by PayPal in April, 2011, have announced plans to begin a new angel investment fund beginning this January, Boston.com reported on December 23.  

Called Where Angel Fund, the VC venture will aim to make 10 to 12 early investments of $50,000 to $75,000 over the next 12 to 18 months. Where Angel Fund will focus on mobile apps, adtech, consumer technoogies and digital media, and leverage a crowdfunding platform called Launch Angels for its operations.

"We’re all very passionate about early stage startups," David Chang, head of Boston's PayPal office, told the report. "We have a little bit of liquidity - not a crazy amount - but we collectively know a lot of people in the early=stage community."

Where Angel Fund is hardly alone in its desire to pursue mobile startups. For more on why mobile continues to win VC funding even when interest other sectors wanes, read our full report here.

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