Immad Akhund has backed over 350 startups since 2016, but he insists he didn’t start investing until he could afford to lose money. “This is a rich person’s game, sadly,” the Mercury CEO said on Harry Stebbings’ podcast earlier this week. “Doing one or two angel investments won’t make a difference, you need to do at least 20 or 30 to learn, iterate, and have any real return.”
Now, nearly a decade into angel investing, with hits like Rippling, Truebill, and Airtable under his belt, Akhund is turning a deeply personal investing practice into a more structured vehicle. His new $26 million fund, quietly closed in three weeks, will back around 60 early-stage startups with average checks of $150,000. “I’ve always loved helping founders—this just lets me do it more meanin
New AI Browsers Want to Replace Chrome. It Won’t Be Easy
Mukundan Sivaraj
