Dave McClure, whose hyperactive superangel fund 500 Startups is certainly living up to its name, is planning a new fund called The Designer Fund, VentureBeat reports.
McClure noted that plenty of great startups from Flickr to YouTube were started by designers and that design is crucial to a consumer startup's success, but that designers also face specific challenges to getting started.
The interesting thing about the fund, which will be led by 500 Startups designer Enrique Allen, is that it won't just invest in designers, but be funded by designers. The fund is looking for designers, presumably with startup success under their belt, to put in at least $50,000 each into the fund. Allen wants to recruit 50 investors into the fund, which will then invest in 50 startups.
To read the full, original article click on this link: Startup Funding: Dave McClure of 500 Startups plans Designer Fund
Author: Pascal-Emmanuel Gobry
