Raises $10 million fund
Investors in the fund include Yammer co-founder David Sacks, and another limited partner who isn’t identified at the time of the announcement. Calacanis in an email describes the fund’s focus:
[..] exclusively on folks who come out of LAUNCH Festival, LAUNCH Hackathon, LAUNCH Education & Kids and LAUNCH Mobile (our four events).
It plans to invest $25,000 to $100,000 in five to 10 startups a year.