NY Angel Group Forms Media Investment Unit

This is good news for media/communications startups in NY area…New York Angels, an early stage investment group in the region, has formed a “Communication, Entertainment and Media” (CEM) sector focus group, which is led by Don Middleberg, former chairman and CEO of Middleberg Euro RSCG. NYA provide seed and early stage capital up to $1 million, an investment range not generally served by VC funds.

The group has invested $5 million in the sector till now, they say. Among the members of the new group include Scott Kurnit, former CEO of About.com…

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