20 Snap alumni launched an angel fund for the next generation of social media. Twenty Snap alumni have established Ghost Angels, an angel fund targeting next-generation social media and consumer AI startups. The fund, which has already invested in five companies, will deploy its remaining capital into at least 15 more over the next year. Ghost Angels believes the future lies in niche communities and AI-native creation tools, diverging from current ad-driven social media models.

• Twenty Snap alumni have launched Ghost Angels, an angel fund for social media and consumer AI startups.
• The fund aims to back companies building AI-native platforms for niche communities and generative creation.
• Ghost Angels believes current social media models are flawed and a new generation is moving towards specialized platforms.
• The fund is led by Max Rivera, former head of global partnerships at Snap, and includes other former Snap executives and team members.
• Investments will be made at the pre-seed to seed stage, with a focus on AI applications in social connection and content creation across various industries. Continue reading https://thenextweb.com/news/snap-alumni-ghost-angels-fund-next-gen-social-media