Microsoft Senior Director of Corporate Strategy and Acquisitions Fritz Lanman quit his job a few weeks ago. I heard rumblings about this and assumed he’d be focusing an angel investing full time – for the last couple of years he’s done it as a part time hobby.
But nope, that’s not what he’s doing. He’s started a new company that’s creating a “social utility” mobile application called 5Star. And he’s raised somewhere around $1 million in an angel round from first tier angel investors, says a source.
That’s all we know right now. Will post details as we get them, or when Fritz starts answering my phone calls again.
Fritz Lanman is an angel investor and formerly the Founder of Livestar (sold to Pinterest). He has invested in Square, Pinterest, FiftyThree / Paper, Getaround, Formlabs, ContextLogic, Wavii, InDinero, Chartbeat and several other companies. Previously, he was Senior Director in Corporate Strategy and Acquisitions at Microsoft, where his responsibility spanned strategy development across Microsoft divisions, advisory to the CFO, CEO and Board of Directors as well as Corporate Development for Board level deals. He especially focused on Microsoft’s emerging businesses...