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Last updated: May 30, 2026, 8:30 PM ET

New Funds & VC Sentiment

A cohort of 20 former Snap executives has launched the Ghost Angels fund, targeting early‑stage social‑media startups with an initial capital pool of $30M. Their entry coincides with a surge in AI‑focused seed deals, as three leading venture firms disclosed a willingness to issue term sheets to 22‑year‑old founders in San Francisco, while younger entrepreneurs face steeper hurdles. The parallel trends suggest capital is flowing into both niche social platforms and generative‑AI projects, reshaping early‑stage investment priorities.