February 13, 2014
Well-known entrepreneur Gary Vaynerchuk is launching a $25 million seed fund, which will be backed by Miami Dolphins owner Stephen Ross.
Reportedly, the fund will focus on operating and incubating startups in what will be called the Vayner/RSE joint fund. As part of the transaction, RSE will become a minority shareholder of VaynerMedia, Vaynerchuk’s digital media company.
Matt Higgins and AJ Vaynerchuk will also participate as partners in the new fund.
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