Many venture capitalists like to say they invest in people, not ideas. That seems particularly true in the case of Milk, Kevin Rose’s new mobile development firm, which just raised $1.5 million in angel funding.
Rose, of course, is famous for founding social news aggregator Digg, but he resigned earlier this year, after the company launched a controversial redesign and seemed to stagnate. He reemerged in April with Milk, which he said consists of a small team that will experiment with different app ideas, hopefully launching four-to-six ambitious apps in a year.
The funding was first reported in TechCrunch and confirmed on the San Francisco company’s Twitter account. Investors include Digg backers Mike Maples, Jr. (of Floodgate) and David Sze (of Greylock Partners), as well as Ron Conway, Dave Morin, Philip Rosedale, Ev Williams, Joshua Schachter, Ashton Kutcher, Philip Kaplan, Chris Sacca, Gary Vaynerchuk, Tony Hsieh, TechCrunch’s Michael Arrington, and others. (Yes, it’s a crazy list.)
The “development lab” model seems to be a nice career path for entrepreneurs who have launched one or two successful companies and now want to create cool new products without the headache of running a mature company. AdMob Omar Hamoui recently announced his own project, Churn Labs, which has backing from Sequoia Capital.
Marketing technologist? We're studying the big marketing clouds
Fill out our 5-minute survey
, and we'll share the data with you.