S16 Angel Fund launches a community of founders to invest in other founders

10 years ago a group of young tech creators in Moscow chose to get an apartment or condo together, at Shmitovskiy lane 16.
In time, the community around the group swelled to the point where today it now incorporates 300 entrepreneurs, executives, artists, and many other industries. The group now organizes the yearly Founders for Founders conference, in Russia and other areas. Simply as in other places around the globe, the members chose to help each other.
So they formed the Shmit16 Founder Community, and today they introduce the S16 Angel Fund to purchase startups worldwide. Small by investment requirements (the funds initially close will be $5 million) company will focus on founder-in-founder investments and has currently backed 5 companies under this design. The fund prepares to invest in five more companies in the next 6 months with approximately $250k ticket.
So far the Angel group has bought AppFollow, Lokalize Simple, a fasting and diet plan management mobile app, and Anytype, a brand-new operating environment for the contemporary web.
The driving ethos of the S16 Fund is a focus on developing human prospective and developing an efficient peer context where info flows freely and participants can learn from each other.
Establishing partners of the fund and community members include serial business owners Anatoly Marin, co-founder of Payment Systems (a mobile fintech in Eastern Europe); Aleks Shamis -partner at Dostavista (a crowdsourced same-day shipment service operating in 10 nations), Mikhail Peregudov, creator of Partiya Edy, just recently gotten by Yandex ($ YNDX), Oleg Bibergan, previous Executive Director at Goldman Sachs, and others. Prior to this, the partners have purchased over 30 business as private angels.
S16 cofounder Anatoly Marin states: “There is a difference between helping a founder as somebody whom you associate with on a human level, due to the fact that youve remained in these difficult locations yourself, and helping a creator to get an ROI on your capital. The former helps shape relations where creators are open to share the most challenging topics and get help. It is helpful here that weve founded business in different areas and can look at things from varied viewpoints.”
” The relationships in our neighborhood have always had to do with friendship, trust, and individual growth, with financial gains being an organic second-order result,” says S16 Angel Fund co-founder Aleks Shamis. “After 10 years, beginning a fund was a natural next step in assisting founders like ourselves.”
Beyond financial investment, S16 uses access to its network to assist founders resolve problems, discover mentors and operators with service domain know-how such as go-to-market strategy, pricing, coaching for the executive group, and others.

The group now organizes the yearly Founders for Founders conference, in Russia and other areas. S16 cofounder Anatoly Marin states: “There is a difference in between helping a founder as someone whom you relate to on a human level, due to the fact that youve been in these hard locations yourself, and assisting a founder to get an ROI on your capital. The former helps shape relations where founders are open to share the most tough topics and get assistance.

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