20 Snap Alumni Launch Ghost Angels Fund Backing AI Startups
A group of 20 Snap alumni has established the Ghost Angels fund to back early-stage startups focusing on artificial intelligence within social media and consumer technology sectors. This initiative, spearheaded by Max Rivera in 2025, seeks to formalize an angel-investing community among former Snap employees. The fund plans to deploy its capital into at least 15 companies over the next year, with a focus on innovative AI applications that aim to restore the original promise of social media—connecting people without relying heavily on ads and algorithms. For developers and founders in this space, Ghost Angels represents an opportunity for funding and mentorship from experienced industry veterans. The fund's emphasis on niche communities and creative monetization models beyond traditional advertising could be a game-changer for startups looking to carve out unique market positions. With the trend towards leaner teams launching quickly and iterating publicly, Ghost Angels offers support at critical early stages. The fund aims to back companies with innovative AI applications in social media and consumer tech, focusing on pre-seed to seed-stage investments. It has already backed five startups since its inception.
