Calacanis Debuts LAUNCH Fund I To Back 100 Companies

Jason Calacanis, the serial entrepreneur, angel investor, and conference organizer, announced Tuesday morning that it has closed his first, formal angel investing fund, The LAUNCH Fund I. Calacanis said the fund will invest $100-$250K in 50-100 startups. LPs in the fund include Calacanis, David Sacks, and others. Calacanis has already been making investments as part of his LAUNCH Festival, and the new fund will also be invested in companies presenting at those startup launch events. Calacanis also said he'll be syndicating deals on AngelLIst, letting investors put their own money into deals he is making with the fund.