Paliwoda Group Launches Fund Initiative for Mobile Internet Startups
Published on: 31st Oct 2010
Note -- this news article is more than a year old.
Private equity investors, The Paliwoda Group has announced it will use its new Mobile Info Solutions Fund to offer seed stage investments to New York City based projects across the mobile Internet sector including location based services, social networking, mCommerce (advertising and payments), communication, and entertainment. Applications will be accepted beginning January, 2011.
"We want to develop long-term relationships with our entrepreneurs by defining the value we can add to a project not just though financial support, but also by providing mentoring opportunities to team members," said Ron Paliwoda, founder and President of The Paliwoda Group, "In many instances, challenges that a startup faces may be overcome by informed advice rather than just financial support that dilutes the equity of existing stakeholders."
The Mobile Info Solutions Fund will back innovators with an eye towards building independent durable companies. "We look for novel solutions to unique challenges within the mobile Internet sector," said Paliwoda, "We also look for agile teams that can rapidly adapt to change since business trends can shift significantly in the time it takes to bring a product to market."
Applications will be reviewed as they are received, and the most promising projects will be invited to meet with a member of the firm's Ventures investments team. Projects will be announced as they are selected for funding, unless they choose to remain operating in stealth mode.