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Venture Capital

AngelList to Launch $35 Million Fund to Groom VC Investors

Naval Ravikant shook up early-stage investing by launching AngelList. Now, working with Boston-based venture capital firm Accomplice, Mr. Ravikant has raised a $35 million fund that will groom tech investors and increase opportunities to invest in very early-stage tech startups.

Mr. Ravikant personally invested in the new fund, named Spearhead, while Accomplice put up 25% of the capital. The fund is designed to back tech entrepreneurs, helping them make investments of their own, while allowing Spearhead to share any eventual profits.

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