Paliwoda Group starts fund for NYC mobile internet start-ups

Friday 29 October 2010 | 14:04 CET | News
The Paliwoda Group, a private investment company, said it will expand investments into New York City start-ups. The firm will use its new Mobile Info Solutions Fund to offer seed-stage investments to NYC-based projects across the mobile internet sector, including location-based services, social networking, mCommerce (advertising and payments), communication, and entertainment. Applications will be accepted from January. The Mobile Info Solutions Fund will tailor its investment to the value propositions offered by each selected company. "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."

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