Unlike many celebrities who opt for angel investing, the Chainsmokers have taken a more structured route by establishing Mantis Venture Capital, a formal fund designed to strategically invest in startups.
Drew Taggart and Alex Pall's approach involves backing companies in less glamorous sectors, such as security and analytics, where their celebrity status might not provide immediate advantages, showcasing a depth to their investment strategy.
During their discussion at Disrupt 2024, Taggart, Pall, and Chainguard founder Dan Lorenc emphasized how their insights and celebrity networks could still add value to B2B startups, despite their focus areas being outside of entertainment.
The creation of a closed-end fund clearly reflects a commitment to serious investing, positioning the Chainsmokers as more than just entertainers; they are now recognized venture capitalists contributing to diverse industries.
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