AngelList, Accomplice kick off Spearhead to encourage angel investing

AngelList and Accomplice kicked off Spearhead, an effort to encourage and mentor startup founders to become angels and make their own investments. The initiative is being backed by a $35 million fund and will channel individual founders up to $1 million over two years. The motivation behind the effort is that founders often have the best visibility and access into early-stage deals, but often too little money to act as angels. Founders earn 15 percent carry. Blog posts announcing the effort are here and here.  

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