AngelList and Accomplice kicked off Spearhead, an effort to encourage and mentor startup founders to become angels and make their own investments.
The initiative is being backed by a $35 million fund and will channel individual founders up to $1 million over two years.
The motivation behind the effort is that founders often have the best visibility and access into early-stage deals, but often too little money to act as angels. Founders earn 15 percent carry.
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