500 Startups

‘Super Angel’ McClure to launch fund

11 Jan, 2010

TechCrunch reports that Dave McClure is turning from an angel investor (who spends his own money) to a more organized venture capitalist (investing on behalf of limited partners) by creating his own fund McClure has been a direct angel investor in a half dozen or more startups, including Mint, Simply Hired, Mashery, TeachStreet and others, and has invested in dozens more through fbFund, a $10 million Facebook investment fund backed by Founders Fund and Accel, and FF Angel, a Founders Fund early stage fund. McClure says:

McCLURE: If investors don’t have operational backgrounds in design, development, or marketing from proven consumer internet companies, you probably don’t want their money.

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