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What our members have to say...
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"I’m on my way to London to receive an investment proposition from someone introduced by Angel Investment Network. They actually did their due diligence first, so they are going to offer to invest. I just have to see if the terms stack up for me."
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Peter Gregory - credEcard |
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Angel Investors Agree to Kiss, Make Up & Fund Communications Start-ups Together
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Dave McClure and Ron Conway, the two investors most publicly associated with last year’s “AngelGate” scandal over power struggles between seed-stage investors, have set aside their differences to invest in the second round of the Twilio Fund, dedicated to start-ups built on top of the Twilio communications platform.
The new Twilio Fund consists of $125,000 from McClure’s 500 Startups and another $125,000 from Conway’s SV Angel. Chosen start-ups get at least $10,000 each, according to McClure.
Highlights from the last batch included WorkersNow, Proven and FastCall411, McClure said.
McClure said he and Conway — who has been called “the godfather of Silicon Valley” — have worked on a few investments together lately, and joked, “It’s OK to kiss the ring every now and again.”
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