Gary Vaynerchuk to Launch $25M Seed Fund with Dolphins Owner Stephen Ross

Meg Rayford

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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Meg Rayford is a communications consultant based in Northern Virginia. She previously spent two years as the Director of Public Relations for a nonprofit startup, where she learned a lot about providing clean water for impoverished countries, even within the confines of a bootstrapped startup. She is the editor of Tech Cocktail, and she develops media strategies for companies in Washington, DC and Virginia. You can read her most recent work in the marketing chapter of the upcoming book, "Social Innovation and Impact in Nonprofit Leadership," which will be published in Spring 2014 by Springer Publishing. Follow her @megkrayford.