There’s been much angst in the US and global tech community about what Donald Trump’s imminent presidency means to the industry. But tech investment database CB Insights has revealed Trump family members have already infiltrated startup land.
CB Insights trawled through its venture capital records to find these five companies that Trump family members have been involved in.
Here they are.
Spring is an online fashion market that aims to be “a single shopping destination where people can discover amazing products and buy them directly from the brands and designers that make them”.
According to CB Insights, Donald Trump’s daughter Ivanka Trump — a fashion entrepreneur herself — contributed to Spring’s series A funding round in 2015. Snapchat was also an investor in Spring.
Kickstarter, the well-known creative projects crowdfunding platform, was backed by Donald Trump’s son-in-law and Ivanka’s husband Jared Kushner. He put money into the venture as an angel investor with his brother Josh, according to All Things Digital.
3. Hot Potato
CB Insights describes iFolio as “a social network for pictures and videos of celebrity sightings”. Donald Trump’s younger brother Robert was an angel investor in 2010, although the venture seems to be no longer operating.
This time Jared Kushner is actually participating in the startup scene directly, rather than as an investor. The real estate finance system that connects institutional investors with “gateway opportunities” was co-founded last year by Kushner, again in conjunction with his brother Josh. The venture raised $18.3 million in series A funding, according to New York real estate industry publication The Real Deal.