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S16 Angel Fund launches a community of founders to invest in other founders – TechCrunch

Community Shmit16

Ten years in the past a gaggle of younger tech founders in Moscow determined to get an residence collectively, at Shmitovskiy lane 16.

In time, the ecosystem across the group swelled to the purpose the place at the moment it now encompasses 300 entrepreneurs, executives, artists, and plenty of different industries. The group now organizes the annual ‘Founders for Founders’ convention, in Russia and different places. Simply as elsewhere world wide, the members determined to assist one another.

In order that they shaped the Shmit16 Founder Group, and at the moment they launch the S16 Angel Fund to put money into startups globally. Though tiny by funding requirements (the funds first shut shall be $5 million) agency will deal with ‘founder-in-founder’ investments and has already backed 5 corporations underneath this mannequin. The fund plans to put money into 5 extra corporations within the subsequent six months with a median of $250ok ticket.

Thus far the Angel group has invested in AppFollow, Lokalize Simple, a fasting and food plan administration cell app, and Anytype, a brand new working surroundings for the trendy web.

The driving ethos of the S16 Fund is a deal with creating human potential and making a productive peer context the place info flows freely and contributors can study from one another.

Founding companions of the fund and group members embody serial entrepreneurs Anatoly Marin, co-founder of Fee Programs (a cell fintech in Japanese Europe); Aleks Shamis -partner at Dostavista (a crowdsourced same-day supply service working in 10 international locations), Mikhail Peregudov, founding father of Partiya Edy, just lately acquired by Yandex ($YNDX), Oleg Bibergan, former Government Director at Goldman Sachs, and others. Previous to this, the companions have invested in over 30 corporations as particular person angels.

S16 cofounder Anatoly Marin says: “There’s a distinction between serving to a founder as somebody whom you relate to on a human degree, since you’ve been in these troublesome locations your self, and serving to a founder to get an ROI in your capital. The previous helps form relations the place founders are open to share essentially the most troublesome topics and get assist. It’s helpful right here that we’ve based corporations in several areas and might have a look at issues from numerous views.”

“The relationships in our group have at all times been about friendship, belief, and private progress, with monetary positive factors being an natural second-order final result,” says S16 Angel Fund co-founder Aleks Shamis. “After 10 years, beginning a fund was a pure subsequent step in serving to founders like ourselves.”

Past funding, S16 gives entry to its community to assist founders resolve issues, discover mentors and operators with enterprise area experience equivalent to go-to-market technique, pricing, teaching for the chief workforce, and others.

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Author

Mike Butcher