Unshackled Launches New Angel Fund Extending the Opportunity for Innovation to All Entrepreneurs, Including Those on Work Visas
San Francisco - (November 13, 2014) - Today, Unshackled debuts a revolutionary $3.5M fund designed to foster innovation and create more American jobs. Unlike traditional funds, Unshackled invests capital in entrepreneurial talent by hiring them and supporting them with a rich coalition of successful entrepreneurs and investors. Unshackled will work with 20 to 25 early stage entrepreneurial teams to build a product and raise a seed round to fuel future growth. With this unique approach, Unshackled also serves a huge untapped pool of entrepreneurs -- those who are in America on work visas.
Through their own experiences, Unshackled founders Nitin Pachisia and Manan Mehta recognized that entrepreneurs benefit significantly from support early on. The fund has brought together over 50 influential investors to guide Unshackled entrepreneurs as they develop and build their ideas. This investor list includes the minds behind Salesforce, Uber, Palantir, Yahoo, AngelList, Twitter, Zynga, Credit Karma, TechStars, Warby Parker, Mint, GroupMe, Chegg, Makerbot, and many others.
“Unshackled is a huge step in the right direction to help more entrepreneurial teams succeed,” said Brad Feld , an early Unshackled investor, and founder of Foundry Group and Techstars . “Unshackled is one of the most interesting new funds in the U.S. today.”
Besides a steady paycheck and health benefits, Unshackled creates a strong ecosystem for entrepreneurs to innovate in. This ecosystem offers access to highly influential investors, top incubators and accelerators, legal counsel, financial planning, design and PR / marketing consulting to help grow ideas into a successful company. Unshackled also unlocks entrepreneurship for people in the U.S. on a work visa by providing the sponsorship they need to pursue their innovative ideas full-time.
“ Surrounding entrepreneurs with support from the earliest stage is the difference between success and failure, ” said Mehta, co-founder of Unshackled. “That can mean connecting them with the right investors and partners, providing health coverage for the family, or sponsoring a visa or green card where needed. We want to empower passionate entrepreneurs to focus a hundred percent on their idea, Unshackled will take care of the rest.”
To learn more about Unshackled, please visit www.unshackled.co .
Unshackled investors include First Round Capital , 500 Startups, Structure Capital, Brad Feld of Foundry Group and TechStars , AngelList founder Naval Ravikant , Palantir co-founder Joe Lonsdale, AME Cloud Ventures led by Jerry Yang , and Emerson Collective founded by Laurene Powell Jobs .
About Unshackled:Unshackled is an innovative angel fund that extends the entrepreneurship opportunity to all entrepreneurs in our country, including those who are dependent on work-visas. By investing through employment (hiring the entrepreneurial teams), Unshackled can invest in an untapped pool of entrepreneurs who are financially constrained or require visa sponsorship to build their dream company.
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