Most investors have a straightforward mission: to get rich. But a newly launched angel group called New Media Ventures has a different agenda.
“The return on our investment for our investors is political,” Director Matt Ewing said. “This is about creating political change.”
New Media Ventures is a national network of early-stage investors looking to spend their time and money on start-ups building “progressive political power,” Ewing said. The group of angels was organized by Democracy Alliance, a five-year-old, left-leaning, non-profit activist group.
Ewing said New Media Ventures’ investors have feet in both the business and political arenas. Members share a belief that investing in start-ups is critical to the future of the progressive movement. The full roster of participants is not complete, but the six-person advisory board includes technology veterans such as Buzzfeed Inc. founder John Johnson and Microsoft Corp. alum and Frontseat.org founder Mike Mathieu.
To read the full, original article click on this link: An Angel Group For Political Gain - Venture Capital Dispatch - WSJ
Author: Ty McMahan
