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Begin-up investor Jason Calacanis elevating thousands and thousands for Twitter stake – EAST AUTO NEWS

Begin-up investor Jason Calacanis elevating thousands and thousands for Twitter stake


Jason Calacanis

Adam Jeffery | CNBC

Angel investor Jason Calacanis, an early backer of Uber and Robinhood, is looking for to boost tens of thousands and thousands of {dollars} for a stake in Twitter as a part of Elon Musk’s $44 billion settlement to purchase the social media firm.

“We at the moment are amassing curiosity to spend money on Twitter with Elon Musk’s plan to take it non-public,” Calacanis wrote in a message soliciting funds from his community of excessive internet value people. CNBC seen Calacanis’s electronic mail to potential buyers.

The minimal funding required to take part is $250,000, Calacanis wrote, including that the charges he collects for the deal will complete about $18,000. As supervisor of the fund, he is additionally asking for 10% of the carry, or the beneficial properties that come from the funding.

Calacanis is a longtime buddy and fan of Musk, typically voicing his assist for the Tesla CEO on his podcasts, This Week in Startups and The All-In Podcast. Calacanis even joined Musk final 12 months in New York, when the superstar CEO was the visitor host on “Saturday Evening Stay.”

Begin-up investor Jason Calacanis elevating thousands and thousands for Twitter stake – EAST AUTO NEWS
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