Venture Intelligence (TSJ Media Pvt. Ltd.)
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Galaxy launches $45-M “founder-led†fund
AngelList India's Utsav Somani has launched a vehicle called Galaxy with a corpus of USD 45 million that will enable early-stage startup founders, typically at the seed to series-A stages, to invest in young companies. Once selected in the programme, each founder will be handed out USD 1 million to invest in startups and if the first few bets are promising they will have access to USD 2 million each. Well-known names from Silicon Valley including Naval Ravikant, cc-founder and chairman of AngelList, and Jake Zeller of Spearhead are advisors to Galaxy.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.