Many entrepreneurs who muzzle through a successful exit use some of the proceeds to become an angel investor and help other startups get, well, started.
And that’s not exclusively a Silicon Valley thing.
Stockholm, Sweden-based Mobile Sorcery has just raised an early-stage investment round amounting up to 1.5 million Swedish Kronor (approximately €145k or $206k USD), for the most part coming from MySQL founders David Axmark and Michael Widenius. You may remember MySQL was acquired by Sun Microsystems back in January 2008 for approximately $1 billion after raising only $39 million in venture capital. It’s safe to say both co-founders walked away with enough cash to use some of it for angel investment in promising companies.
