tech
20 Snap alumni launched an angel fund for the next generation of social media.
20 Snap alumni launched Ghost Angels to back AI startups building beyond the ad-driven social media model. Five deals done, 15 more planned.
TL;DR
- Twenty Snap alumni have launched Ghost Angels, an angel fund for social media and consumer AI startups.
- The fund aims to back companies building AI-native platforms for niche communities and generative creation.
- Ghost Angels believes current social media models are flawed and a new generation is moving towards specialized platforms.
- The fund is led by Max Rivera, former head of global partnerships at Snap, and includes other former Snap executives and team members.
- Investments will be made at the pre-seed to seed stage, with a focus on AI applications in social connection and content creation across various industries.