INSUBCONTINENT EXCLUSIVE:
Zocdoc founder Cyrus Massoumi and Indiegogo founder Slava Rubin have created a new $30 million fund called Humbition aimed at early stage,
founder-led companies in New York.The fund is focused on connecting startups with investors and advisors experienced in building and growing
successful businesses,& said Rubin.We are seeking to fill a void in NYC, where the vast majority of early stage investors have no
significant experience building and scaling businesses,& he said
&The fund main areas of investment include marketplaces, consumer and health tech
But the primary criteria for investments is high quality founders
The fund is also seeking out mission-driven businesses because the companies that are socially responsible will be the most successful in
the coming decades.The fund has brought on ClassPass founder Payal Kadakia, Warby Parker founder Neil Blumenthal, Charity: Water CEO and
founder Scott Harrison, and Casper founder and CEO Philip Krim as advisors
They have already invested some of the $30 million raise in Burrow, a couch-on-demand service.New York City is home to a tremendous number
of mission-driven startups that are simply not receiving the same level of support as their peers in the Bay Area
This void presents a unique opportunity for humbition to reach the incredible local talent who need the funding and guidance to build and
grow their businesses in New York City,& said Rubin.
