New Microfund

Keywords:
Microfunds

Recently founded New York based consulting and advisory firm HermanBlackbook has introduced New Platforms fund to promote application developers to build interesting applications on top of platforms like Twitter, iPhone, Boxee, AppNexus, Trulia etc. for a minor equity stake in the company.

The catch? The new fund is a true microfund, investing $1,000 to $3,000 per project.

This is clearly aimed at young people, like high school and college students, and it could bring some interesting results.