New York – Private investment firm The Paliwoda Group on
Monday announced the launch of a funding initiative for New York City-based
mobile Internet start-ups.
The firm will use its Mobile Info Solutions Fund to
offer seed-stage investments to mobile start-ups working on location-based
services, social networking, m-commerce, communication and entertainment
applications.
"We want to develop long-term relationships with our
entrepreneurs by defining the value we can add to a project not just though
financial support, but also by providing mentoring opportunities to team
members," said Ron Paliwoda, founder and president of The Paliwoda Group.
"In many instances, challenges that a startup faces may be overcome by
informed advice rather than just financial support that dilutes the equity of
existing stakeholders."
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