Jon Gosier: We’re building an investment fund for the 99%

When D8A founder Jon Gosier and his fellow entrepreneurs realized that they were locked out of venture capital investing because they weren’t accredited investors, they started their own fund.

In a guest post on The Huffington Post, he wrote:

We decided the best way to get into the venture space was to establish our own small fund. With a fund we could collectively share the risk of investing and the burdens of legal compliance, the costs, and the necessary due diligence. We could also leverage more capital than any one of us could on our own. For instance, some of us had dabbled in angel investing before but were only doing about one or two deals per year. The fund could invest in upwards of eight per year!

The angel fund, Third Cohort, which we featured in September, has invested in five startups so far, including one Philadelphia-based company called ArtHawk, according to its website.

Read the whole Huffington Post story, where Gosier explains how he and his team structured the fund — and why.

“Most of our Partners do not represent the 2.4% of households that are accredited,” Gosier wrote. “We are not the 1% of Americans who have wealth. However, we are entrepreneurs who want to back other entrepreneurs.”