AngelList and Accomplice are launching Spearhead, a San Francisco, CA-based program that funds and mentors founders with up to $1m of investing capital.
Co-founded by Jeff Fagnan of Accomplice and Naval Ravikant of AngelList, Spearhead is dedicated to backing and mentoring founders with up to $1M of investing capital.
The fund backs founders with a $200K fund so they can start angel investing. They also receive mentorship, including monthly masterclasses from top angel investors and VCs like Jeff Fagnan, Naval Ravikant, Salil Deshpande, Yanda Erlich, Cack Wilhelm, Elad Gil, Jake Zeller, and others.
If they make promising investments, founders receive up to $1M to invest over 2 years.
AngelList provides the technology and back office (lawyers, accountants, etc.) while investments don’t require Accomplice’s approval.
Interestes founders can apply here by January 26 to join the first cohort.