Media company launches new venture fund
The publisher of Entrepreneur magazine and Entrepreneur.com starts Entrepreneur Ventures.
A publication that covers entrepreneurship has now launched its own venture fund.
Entrepreneur Media, publisher of Entrepreneur magazine and Entrepreneur.com, has announced Entrepreneur Ventures, a Los Angeles-headquartered fund led by General Partners Danny Beckett Jr. and Jonathan Hung. According to the news release accompanying the announcement, Entrepreneur Ventures plans to invest up to $10 million in 150 to 200 pre-seed stage start-ups, primarily operating in the consumer packaged goods, consumer, and business-to-business frontier and enterprise tech sectors.
The fund’s affiliation with Entrepreneur Media and its family of print and digital publications and productions provides access to a diverse community of founders and entrepreneurs, with 20 million unique website visitors, 3.2 million readers, and 15.8 million social followers to support traction and growth.
Concurrently with the fund, Entrepreneur Media is also establishing Entrepreneur Venture Partners, an accredited angel investor network. The investors in this network will be able to co-invest in portfolio companies alongside Entrepreneur Ventures, as well as provide personalized mentorship, industry insights and practical guidance to the portfolio founders. The fund expects to add 100 angel partners by the end of 2024.
Entrepreneur Ventures also has additional offices and partners in New York, San Francisco, Toronto, and Grand Rapids, MI.
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