Foundry Group Launches $2.5M Side Fund to Invest on AngelList

In a post on the firm’s site, managing director Brad Feld said that Boulder, CO-based vc firm Foundry Group launched a $2.5m side fund to invest on AngelList.

FG Angels aims to make 50 seed investments between now and the end of 2014 in companies that list on AngelList.

It will invest $50k in each company focusing on people over ideas (the idea is the price of admission) acting along with other angels. They won’t follow on in later rounds, unless a company specifically fits in one of Foundry Group’s themes, and they won’t be taking board seats.



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