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Founder Institute backers launch venture fund named Expansive

16
May
2014

SAN FRANCISCO (Reuters) – Entrepreneurs behind Founder Institute, which provides training programs for start-up companies, are launching a venture fund named Expansive. The fund will make early investments known as seed rounds of up to $2 million per company, Founder Institute said Thursday. Jon Soberg, former managing director at Blumberg Capital, will serve as a partner of the fund, along with Founder Institute Chief Executive Adeo Ressi. Companies that take the funding will be able to choose their own board members from executives already in the Founder Institute network. …

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