KyleEarlier this summer Atlanta super angel, Sig Mosely came out of retirement. It was announced that he was joining forces with Palaniswamy Rajan to form the $25 million dollar CTW ventures fund. Mosely also participated in a $600,000 round led by Dallas Maverick’s owner and fellow super angel Mark Cuban, in Atlanta startup Badgy.. It’s unclear whether or not it was Mosely or CTW in that round.
Now, just two months after the start of CTW the partners, Mosely and Rajan are parting ways. They are divorcing over what the Atlanta Business Journal is equating to “irreconcilable differences.
Rajan prefers to go long tail on technology ventures.
“Raj much prefers to dig deep, deep, deep into the technology,” Mosley said to the Business Journal “That does not do anything for me.”
Rajan feels the same way about Mosely’s desire to invest in entrepreneurs. Mosely is more of a risk taker which is actually great for startups.
Both men will go there separate ways but that doesn’t mean Mosely is going back into retirement. Mosely is creating his own fund that will invest between $200,000 and $500,000 in entrepreneur lead startups.
Mosely is hoping that his fund will be a feeder fund for deal flow with larger firms like Menlo Park Ventures.
Prior to retiring a first time in 2010 Mosely had oversaw the investment in over 130 technology companies as the President of Imlay Investments.
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Source: Atlanta Business Journal
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