Blogs
June 5, 2012
KAYWEB Angels invests in 11-year-old’s idea
NEW YORK: KAYWEB Angels has invested up to $300,000 of mobile application development services in an idea conceptualized by an 11-year-old schoolgirl from New Jersey.
PicturPass, which is in stealth, is described as “a fun, social game application for the next generation”.
While the 11-year-old first-time entrepreneur will not be named, she heard what KAYWEB Angels does from her parents and went on to explain her idea for a game. They helped her apply online, pitch and then PicturPass was chosen as one of two Spring investments from over 150 applications made to the New York angel investment company.
KAYWEB Angels CEO Haig Kayserian said the Board did not think twice to question the age of the applicant.
“Once upon a time as a 10-year-old, I helped my father sell leather goods to adoring women at a local mall and many children run lemonade stands, therefore age should not be a barrier to entering entrepreneurship,” he said.
“This mature young lady had a very good idea and supporting parents. We felt that with our offering of development and mentorship, she could go a long way with PicturPass.”
KAYWEB Angels also invested in busEasy during its Spring round, taking its portfolio to a total of eight web and mobile application companies.
PicturPass, which is in stealth, is described as “a fun, social game application for the next generation”.
While the 11-year-old first-time entrepreneur will not be named, she heard what KAYWEB Angels does from her parents and went on to explain her idea for a game. They helped her apply online, pitch and then PicturPass was chosen as one of two Spring investments from over 150 applications made to the New York angel investment company.
KAYWEB Angels CEO Haig Kayserian said the Board did not think twice to question the age of the applicant.
“Once upon a time as a 10-year-old, I helped my father sell leather goods to adoring women at a local mall and many children run lemonade stands, therefore age should not be a barrier to entering entrepreneurship,” he said.
“This mature young lady had a very good idea and supporting parents. We felt that with our offering of development and mentorship, she could go a long way with PicturPass.”
KAYWEB Angels also invested in busEasy during its Spring round, taking its portfolio to a total of eight web and mobile application companies.
