Investing in Early-Stage

High-Growth Tech Businesses

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Monthly Investor Meetings

Meeting Potential Investment Opportunities

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NYC Area Focused Fund

But we'll look from PA to MA

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Investing $50K-$250K

Committed Fund with sidecar investments

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ARC Angel Fund invests in seed- and early-stage companies with high growth potential. ARC Angel Fund invests in industries with which its members have experience, with investments averaging $50,000 to $250,000, each, over the life of the investment.

ARC Angel Fund is a member-led Angel Fund. An Angel Fund is, in essence, a hybrid model between an Angel Group and a Venture Fund. The members of ARC Angel Fund range from experienced Angel Investors and Partners in VC Funds, to executives of successful companies.

Our members bring their own expertise to the table and can actively participate as much as they like in the Fund's investment decisions, and can personally invest alongside the fund.

Sector Focus

Software, IT, Internet, Tech-Enabled Services, Business Services, Digital Media, Mobile, Healthcare IT, and others

Region

The Fund has a primary focus towards NYC and the surrounding Northeast and Mid-Atlantic area companies.

Stage

We invest in early-stage companies with a product and some revenue and valuations under $5M.

Our Process












Unlike a standard Venture fund, the GP is owned by the investors.

General Membership makes the Investment decisions. Committees are set up to handle the business of the Fund. An Executive Committee is comprised of volunteer members of the General Partner and provides oversight of the ARC Fund.


Source:

Investment opportunities are brought to the ARC Fund from members, affiliated organizations, fund managers and other institutions. Deals may also be submitted through our website here. Submitting companies MUST submit a PowerPoint and Financials with their executive summary.


Evaluation:

The Evaluation Committee members will review investment opportunities, and if the Evaluation Committee elects to have a company present to the Members of the General Partner, it will be responsible for preparing such company to present, along with the founding team.

Due Diligence:

A Due Diligence Committee will be set up for each company approved by the General Partner for due diligence. Each Due Diligence Committee will make a recommendation, and pending a vote to invest by the members of the General Partner, will prepare a term sheet and negotiate the terms of investment.


Monitoring:

Following an investment, a Monitoring Committee will be set up for each portfolio company, often including members of the Due Diligence Committee, to work with the portfolio company and report on the company at monthly meetings of the General Partner. The committee will be responsible for keeping the ARC Fund apprised of a portfolio company’s material developments, including management changes, subsequent rounds of venture investments and the company's business milestones.


Our Portfolio

Kanvas

A fun way to express yourself! Kanvas is a fast, easy way for anyone to be creative. Simply add text, stickers, painting and sound to a background to make a kanvas. Share on tumblr, twitter and facebook.

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CEO Vic Singh is a serial entrepreneur and investor in the mobile software space. He is currently Founder and CEO of Kanvas, a mobile platform for creative self expression and also serves as a Founding General Partner with Eniac Ventures, the pioneer venture capital firm focused on the mobile Internet. Vic previously founded and led Tracks, a venture backed mobile platform for collaboration around experiences and interests. Before Tracks, Vic co-founded NearVerse, the leading mobile platform for location based peer to peer media sharing. Vic served as a venture capitalist with RRE Ventures before going out on his own. He has advised and invested in 50+ early stage startups with a focus on mobile consumer Internet. Vic holds an MBA from Columbia Business School and a BSE from the University of Pennsylvania.

Uptown Network

As opposed to simply providing an iPad Wine List, Uptown Network connects SMART Menu Services to create a network effect. Our current customers are averaging more than a 30% increase in wine sales

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Successful entrepreneur who has founded four companies, including Uptown Network. Uptown Network combines technology and restaurant experience with a mission to replace all paper menus with digital menus. Very soon, society will look back at paper menus the same way we now look back at hand-written checks.

Self-taught chef and creative marketer who, with his wife Nadine, transformed the original Naples Tomato restaurant from a mom-and-pop operation to one of the country's best restaurants. Voted best restaurant in Southwest Florida by Gulfshore Life Magazine, Top 1500 Restaurants in the Country by Zagat, Naples Tomato served 100,000 guests a year. Previously founded and led two software companies: Bowstreet, Inc. (acquired by IBM); and Preferred Systems, Inc. (acquired by Computer Associates). Early board member at Nielsen / Netratings, the Nielsen of the web (IPO). Software technology expert, popular speaker, and consultant on product reinvention for Infinite Growth Group for clients such as Nestle/Stouffers and Coca-Cola/Odwalla.

Human Demand

A Mobile DSP & DMP focused on working with App Developers and Mobile Brands and Agencies. Human Demand features a self serve platform that is fully transparent and focuses on hyperlocal and audience campaigns at scale.

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Howie Schwartz, CEO and Founder, Human Demand, is a serial entrepreneur and an active Angel and Venture investor in early stage technology companies, including the ARC Angel Fund, FF Ventures Silver and Rose Funds, Scout I & II Funds, Metamorphic Ventures, Eniac Ventures, OfferVault, Sols, Augmate, Hatch.co, and other early stage companies.

Howie co-founded FundingPost and Offermobi (acquired by Moko Media), as well as product & marketing training companies with over 120,000 customers worldwide. In the 90's, Howie spent a decade in the video game industry with companies such as Acclaim, ASC Games, and Sega.

Howie is on the board of the "Friendship Circle" (Stamford, CT) which helps children with special needs and actively supports "Al's Angels" (Westport, CT) which helps children with rare blood diseases.

Nulabel

An adhesive and printer hardware tech company that helps companies cut cost & reduce waste with a patent-pending, liner-free label that uses an activatable adhesive to eliminate the need for the liner.

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As President, I try to make everyone's job easier. I develop NuLabel's strategic and tactical plan, oversee the business and technological development teams and serve as the public face of the company to customers and investors.

iJukebox

An interactive background music service that lets your customers use their smartphones to select the music they want to hear at your business. Whether it's a bar, restaurant, cafe or store, iJukebox is the best music solution for your business.

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Chip's strengths range from strategic sales planning and team building, to mentoring and quality service delivery. Highlights of his qualifications include: • Securing strategic alliances with key partners to expand service offerings. • Formulating and implementing strategies to establish a foothold in key markets and to fuel aggressive growth. • Cultivating relationships with senior executives and key corporate decision makers to bolster business-to-business sales. • Implementing enterprise customer relationship management (CRM) solutions to increase team effectiveness with each client interaction. Chip is a graduate of R.I.T with a B.S. degree in Management. Top 5 from Gallop's StrengthsFinder.com: Communicator, Activator, Significance, Maximizer, Futuristic. Specialties: Business Development; Account Penetration; Customer Acquisition & Retention; Strategic Alliances; Team Leadership; Partnership/ Joint Venture; business strategy planning; Channel Management; P&L; Sales Training; Customer Relationship Management (CRM) use and implementation.

Medivo

Medivo is focused on bringing personalized medicine into practice in the areas of preventive and therapeutic care. Co-Investors include Safeguard Scientific.

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Sundeep is a serial entrepreneur and interested in changing the world for the better.

Sundeep is currently the CEO of Medivo, Inc. Sundeep has over 15 years of leadership experience with building teams, developing talent, and successfully growing, managing and selling businesses in healthcare marketing and technology. Previously, as the CEO and co-founder of Medsite, Inc. he established the company as a leader in online pharmaceutical marketing and services by building an extensive online community of health care professionals, including over 400,000 US physicians. He secured financing from a range of blue chip investors, including JP Morgan Partners, Morgan Stanley, Bain, and Reuters. After the sale of Medsite to WebMD in the fall of 2006, he worked on integration, new product development, and corporate strategy.

Sundeep received his B.A. in Communications from the Annenberg School of Communications at the University of Pennsylvania, with a concentration in business from the Wharton School. Sundeep was recognized as the ‘Top 5 Under 35’ by the Asian Indian Chambers of Commerce. He was a finalist for the Ernst & Young 2005, 2003 and 2000 "Entrepreneur of the Year" award. The Asian American Business Development Center recognized him as an ‘Outstanding 50 Asian Americans in Business’ in 2004. Sundeep has been featured in major publications and has been a keynote speaker at numerous conferences and has served as a guest lecturer for the Goergen Entrepreneurial Management Program at the Wharton School. Sundeep also currently serves on the Leadership Council of CASI (The Center for Advanced Studies of India) at the University of Pennsylvania.

Careerminds

Careerminds provides strategic solutions to organizations seeking affordable, Web-based outplacement services. The Round was led by Innovation Venture Partners & Gabriel Venture Partners.

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Business executive with over 20 years of experience leading successful business development and marketing teams in large global companies and high growth start-ups. Cultivated and managed business relationships with some of the most attractive Fortune 500 companies across many different industries including travel and entertainment, retail, financial services, technology and telecommunications. Entrepreneurial spirited with a passion for building businesses that challenge the status quo.

Sidecar

Sidecar is a fully automated online marketing platform that efficiently acquires, converts and retains customers for online retailers. Other Funds include Innovation Venture Partners & Osage Venture Partners.

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Sidecar is a leader in automated e-commerce marketing, powering paid search, comparison shopping engine advertising, on-site product recommendations, and email re-targeting for retailers ranging from $5M to $4B in annual online revenue, including Top 25 retailers in the US.

Prior to Sidecar, Andre was the CEO and Founder of Snipi, Inc. a patented system for people to save their interests while browsing anywhere online. Snipi was featured on the front page of the Wall Street Journal and established partnerships with the world’s leading retail and entertainment brands.

Prior to Snipi, Golsorkhi was the President and Founder of Omeda Design + Technology, which offered design and web application services. From its origins in 2003, Omeda's client roster grew to include Fortune 500 and similarly substantial entities such as IMAX Corporation, Boyd Gaming, and other private and public organizations.

Prior to founding Omeda and while still in college, Golsorkhi recognized the growing interest in portable physician scheduling and billing solutions and, developed MediLync—a proprietary, handheld patient scheduling and billing solution housed in PDAs. At the time, MediLync became the most widely used mobile solution among physician's in small physician practices. The MediLync technology was acquired in 2004.

YieldMo

YieldMo is a mobile advertising startup based in New York City. We are a small and dedicated team of engineers and entrepreneurs who value constant improvement, working with smart people, and solving difficult problems.

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Investor in 100+ Internet companies such as: Klout, 500px, Meetup, Flurry, TechStars NY, Hashable, Yipit, Tapad, ThinkNear (acquired by TeleNav), Aristotle Circle, Artspace, Streeteasy (Advisor, acquired by Zillow), Voxy and many more!

Building one of the worlds great mobile services and always looking to hire great adtech people!

Built and sold Quigo to AOL for $340M in 2007.

Benestream

Uses a combination of technology and a multilingual call center to guide workers through the enrollment process in Medicaid with full reporting to the employer, saving companies time and money.

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Ben is an experienced entrepreneur, healthcare policy expert, and member of New York Governor Cuomo’s Health Benefit Exchange Regional Advisory Committee. Before founding BeneStream, Ben was the founder and managing principal of Hudson TG, a policy and political consulting firm, which under his leadership more than doubled in size and revenue in five years. Ben also was an antitrust litigator at Kaye Scholer LLP and Schulte Roth & Zabel LLP. He earned his JD from Fordham Law School.

Meddle.it

Meddle is an enterprise micro-blogging and employee advocacy platform that makes content creation and distribution easy for employees and drive more qualified traffic to their sites.

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Meddle CEO: Vidar Brekke

I am an experienced technology entrepreneur & intrapreneur with a focus on what’s next and how to get there first.

Currently I'm the CEO and Co-founder of Heavy Meddle. We offer a social publishing platform, called Meddle, which helps professionals showcase their unique insights & capabilities without the hassle of maintaining a blog.

Previously, I served as Chief Product Officer for Converseon, a social consultancy and Forrester category leader. There I led the product team behind ConveyAPI, the world’s most accurate text analytics engine. In 2011, Converseon acquired my last startup, Social Graphiti, a Facebook audience analytics and ad re-targeting platform.

In 2010 I created Open Audience Manager, a Facebook analytics platform and DPAC “Best Social Media Innovation of the Year” finalist.

Other startups I've co-founded include Social Intent, a boutique social agency with clients such as Coca-Cola, Clinique, Equifax and Random House.

I've also held a position as VP Marketing for JPMorgan and Strategist & Ogilvy.

I'm also a co-organizer of TEDxNavesink.

Bow and Drape

The first platform for women's custom fashion. It allows individuals to choose from a curated collection of apparel & accessories and modify color, fabric, hemlines, and other embellishments using their proprietary tech to create one of a kind items.

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Bow and Drape - CEO Aubrie Pagano

I studied History & Literature in college, focusing part of my studies on early 20th century consumer culture. Then, as all Harvard humanities majors do, took the leap into business. I focused on strategy and management consulting, learning the ins and outs of one of the world's largest international finance firms and applying that training in the retail industry, moonlighting as a Strategic Planner for indi deisgners on nights and weekends. I also sewed my friends "party pants".

I then pursued my dream and became an entrepreneur - and not just because it was the trendy thing to do - because I believed that I could help women find more individuality in their fashion. Individuality, to me, is the future of retail.

Members

Founding Partners:
David Freschman
Michael Kelley
Edward Reitler
Joe Rubin

Executive Committee Chairman:
Joseph R. Saviano

Evaluation Committee Co-Chairman
Jeffrey Finkle

Evaluation Committee Co-Chairman
Tom Nicholson


Steve Adler : Financial Summit Ventures
Manish Aggarwal : Gold Ridge Asset Management
Jonathan Anapol : Prime Manhattan Realty
David Atadan : Angel Investor
Martin Babinec : UVC / StartFast Accelerator
Kevin Balfe : Mercury Radio Arts, Inc
Marshall Bartlett : Reitler Kailas & Rosenblatt LLC
Michael Beller : Lightship Partners
Steve Brotman : Angel Investor
Bernie Chen : Underhill Capital Advisors
Charles Chesler : Old Rock Ventures, LLC
Dan Coates : Cordelay Holdings
Robert Delman : Golden Seeds
Mike Della Penna : Angel Investor
Michael Derikrava : Wild World Investments
Elijah Duckworth-Schachter : Point One Percent
Richard Ellenson : Angel Investor

Adam Epstein : Credit Suisse
John Ferretti : Foxfire Printing & Packaging, Inc.
Jeff Finkle : Odeon Capital
Ruth Fisher : Pereg Holdings
Patrick Foley, Ph.D : Innovation Capital Advisors
Edward EF. Foy : eFashionSolutions
Don Franceschini : Angel Investor
David Freschman : Innovation Capital Advisors, LLC
Frank Garland : Angel Investor
Eric Gelb : Angel Investor
Marc Glazer : Business Financial Services, Inc.
Brian Gold : Angel Investor
Edwin Goodman : Milestone Venture Partners
Bill Harding : Financial Summit Ventures
Michael Herzberg : Roseworth Capital
Brian Hirsch : Tribeca Venture Partners
Nick Jekogian : Signature Community
Leo G. Kailas : Reitler Kailas & Rosenblatt LLC
Merle Duskin Kailas : MK Productions Inc.
Lawrence Kaplan : 24th Letter
Jackie Karceski : Dearborn Investments, LLC
Michael Kelley : Formation Capital, Inc.
Michael Knox : Gold Ridge Asset Management
Sergei Kovalenko : iTechArt Group
Peter Kranes : Bowery Partners
Frederick Light : Foxfire Printing & Packaging, Inc.
Ross Lipson : Angel Investor
Stephen Madsen : Angel Investor
Bernard Mantha : Angel Investor
Alan McGlade : DEV
Eileen McNamara-Raisch : Angel Investor

Arsen Mrakovcic : Larchmont Capital
David Neveloff : Angel Investor
Jim Nichols : Shorefront Capital Partners LLC
Tom Nicholson : Nicholson | NY LLC
Gordon Ogden, CRE : Byrnam Wood, LLC
Thomas P. Ogden : Davis Polk & Wardwell LLP
Stephen Pelletier : SPELLNET
Luis Perez : Parenting Bridge
Scott Peters : JEGI
Kevin M. Pianko : Weiser LLP
Edward Reitler : Reitler Kailas & Rosenblatt LLC
Peter Rothberg : Reitler Kailas & Rosenblatt LLC
Joe Rubin : FundingPost
Shioulin Sam : Angel Investor
Joseph Saviano : Baker Capital
Harris Schwartz : Angel Investor
Howie Schwartz : Angel Investor
Richard Sheldon : Angel Investor
Steve Sinek : Dearborn Investments, LLC
Vamsi Sistla : Angel Investor
Brett Smith : Propeller Investments LLC
Leeana A. Smith-Ryland : CS Wilton Group LLC
Raymond Sobieski : R2 LLC
Kumar S. Sripadam : Angel Investor
Christine Tate : Angel Investor
Tracy Tomasso : Cordelay Holdings
John Watkins : Reitler Kailas & Rosenblatt LLC
Peter Weiss : Angel Investor
Jamie Weston : Angel Investor
Michael Yang : Angel Investor
Joseph M. Zawadzki : MediaMath LLC

Founding Partners



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Mr. Freschman is a Managing Principal of Innovation Capital Advisors, LLC (ICA). ICA serves as the management company of Innovation Ventures, L.P. (IV), and the Delaware Innovation Fund (DIF). He has served as the President and CEO of the DIF since its establishment in 1995. The DIF is a seed- and early-stage venture capital fund that focuses on entrepreneurial ventures in the Mid-Atlantic region. Mr. Freschman has been responsible for all aspects of IV’s and the DIF’s management since its inception, including the business strategy, fiscal and operational management, raising investment capital, and evaluating all investment opportunities and portfolio company management.

Mr. Freschman is active in the venture and entrepreneurial communities. He is one of the organizers and initial investors in the Mid-Atlantic Angel Group, where he served on the angel fund’s Executive and Investment Committees. He sits on a number of Boards, and has been a lecturer on venture capital, entrepreneurship and angel investing at The White House Conference on Small Business, The Wharton School of the University of Pennsylvania, Temple University, the University of Delaware, Goldey-Beacom College, and Loyola College in Baltimore. He is the creator and founder of Early Stage East – the premier early-stage venture capital event on the East Coast. In 2001, Mr. Freschman was appointed by Gov. Ruth Ann Minner to chair the venture capital study of Delaware’s Strategic Economic Council. Mr. Freschman was appointed and served a three-year term representing New Castle County, Delaware, on the Small Business Advisory Council of the Federal Reserve Bank of Philadelphia through 2002.

Prior to establishing the DIF, Mr. Freschman was responsible for the formation of the corporate finance advisory division of McBride Shopa & Company, one of the largest certified public accounting and consulting firms in Delaware. Mr. Freschman began his career with the Enterprise Group of the Philadelphia office of Arthur Andersen, LLP, from 1984 through 1989. He graduated with honors with an MBA from Loyola College of Maryland and cum laude from the University of Delaware with a B.S. in accounting, where he was a John B. Lynch Scholar. He is also a member of Beta Gamma Sigma – the National Honor Society.


DAVID FRESCHMAN




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For more than 15 years, Michael Kelley has been executing and managing principal investments in private equity. Currently a Director at Merion Investment Partners, a subordinated debt and equity fund with assets under management of $240MM. Prior to Merion, he was the founder and principal of Formation Capital, Inc. ("Formation"), which managed capital in excess of $50 million in equity invested in 30 investments. Formation's venture portfolio includes Foxfire Printing and Packaging, iProcess Online and Performance Systems Development. Prior to Formation, Mr. Kelley was a principal with HK Special Situations Group, where he provided advisory services to the US Small Business Administration regarding a troubled Small Business Investment Company. He was also a principal with GSA Management and with Intrust USA. At Intrust he was responsible for raising and investing 4 real estate tax credit funds and one venture capital fund. In addition to serving as the Chairman of the Board of Directors of the Delaware Innovation Fund, Mr. Kelley sits on the boards of Foxfire Printing, Early Stage East, and the Metropolitan Wilmington Urban League. Mr. Kelley received his BA degree in History magna cum laude from the University of Delaware.

MICHAEL KELLEY




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Ed is the senior member of Reitler Kailas & Rosenblatt LLC. He and his firm handle a wide variety of corporate matters including private equity, venture capital, mergers and acquisitions, capital markets and joint ventures transactions.

Ed is one of the leading venture attorneys in the northeast and has represented dozens of venture funds and their portfolio companies. Notable venture funds include Spark Capital, Safeguard Scientific, Edison Venture, Starvest, First Round, Milestone Ventures, Tribeca Venture Partners, New Spring Capital, New Atlantic Ventures, Osage Venture Partners, Paladin Capital, SJF Ventures, ff Venture Capital, Vocap Ventures, and Gen Y Capital Partners. Notable portfolio company clients include Warby Parker, MediaMath, BillTrust, Business Financial Services, LifeStreet, Service Channel, Spongecell, Pontiflex, FMS, Yieldbot, Kemp Technologies and Aspire Financial.

In addition to ARC, Ed is also a co-founder of the Female Founders Fund, L.P., a seed fund investing in women led businesses targeting the female consumer. He is a frequent speaker and panelist on issues affecting the private equity and venture capital markets and is a regular guest lecturer on venture capital finance at Columbia Business School. Ed is a member of the Board of Directors of Business Financial Services, a credit card accounts receivable factor, gCommerce, Inc., an inventory management and custom order software developer, and Brightbox, a technology and consumer services company. Ed also serves on the technology committee of the New York City Investment Fund, a venture fund that co-invests in early stage businesses in New York City. Ed is a member of Board of Advisors for North West Fund for England, the Nex Gen Fund and Lyric Financial. Ed has also served on the Board of Trustees of the Harvard Law School Alumni Association of New York. He is a frequent speaker and panelist on issues affecting the venture capital and private equity markets and is a regular guest lecturer on venture capital finance at Columbia Business School. Ed graduated from Harvard Law School, magna cum laude, where he was an Editor and a contributor to the Journal of Law and Public Policy and a contributor to the Harvard Journal of Legislation. After a clerkship with the Hon. J. Edward Lumbard (United States Court of Appeals for the Second Circuit), he joined Cravath, Swaine & Moore in 1991. He joined Reitler Kailas & Rosenblatt LLC in 1998 as a member.

Ed Reitler




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Joe Rubin is a Director & Co-Founder of FundingPost.com. FundingPost has been introducing entrepreneurs to investors nationwide for over 13 years through its Online Venture Exchange and Dealflow Magazine, and organizes Venture Capital and Angel Investor Conferences in 23 cities nationwide. Joe has also invested in 11 seed deals over the past 8 years, including Sticky, Inc. (acquired by Splashtop, Inc.), Senscient, appMobi, Giftworks (acquired by Frontstream Payments), CIMA Systems, was an investor and on the advisory board of Offermobi (acquired by Moko.mobi) and an advisor to Gozaik (acquired by Monster) and Augmate. Joe spends most of his time working with investors and helping early-stage entrepreneurs, and speaks at events such as the NYC Economic Development Corporation's Jumpstart and Fasttrac Programs, Early-Stage-East, and Connecticut's CTech, is a speaker at and sponsor of the UCLA Private Equity Club and Disruptive Technologists in NYC, and a Mentor to Angel Groups such as 37 Angels, Accel Foods and TopStone Angels. Joe is also a Founding Partner of ARC Angel Fund, a seed tech fund based in NYC which has invested in, among others: Upnext (acquired by Amazon), Medivo, Sidecar, Careerminds, iJukebox and Human Demand, a prior board member of the Crowdfund Intermediary Regulatory Advocates (CFIRA) and a founder of FP Angels, a national Angel Investor Group.

Prior to FundingPost, Joe was instrumental in helping to raise $2.5 Million in angel and venture capital for his dot.com start-up producing a family-friendly network and over 100 flash-based video games which were playable online and sold as a compilation in stores like Comp USA. Joe was also the Webmaster at Knight Securities (NASD: NITE), where he helped to design its online trading platform and website. Prior to working Online, Joe worked in television and graphic design for companies such as NBC and MTV, in addition to doing freelance commercial production. Joe began working in television production, graphic design and 3D animation professionally when he was 15, and graduated from Hofstra University with a B.A. in Communications. He now lives in Connecticut with his wife and 2 children.

Joe Rubin

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