20 Snap alumni launched an angel fund for the next generation of social media. They think “social” and “media” have split.

https://media.thenextweb.com/2026/05/snap-alumni-ghost-angels-fund-next-gen-social-media.avif

TL;DR

20 Snap alumni launched Ghost Angels to back AI startups building beyond the ad-driven social media model. Five deals done, 15 more planned.

Twenty Snap alumni have launched Ghost Angels, an angel fund backing the next generation of social media and consumer AI startups. The fund has invested in at least five companies and plans to deploy remaining capital into at least 15 more within the next year. It declined to disclose total fund size.

Max Rivera, who led global partnerships at Snap, started the fund in 2025 to formalise an already growing alumni angel community. He currently works at Microsoft’s AI division. The roughly 20 founder members include Alexandra Levitt, who ran Snap’s corporate accelerator, and Will Wu, a founding member of Snap’s product and design team.

We were intentional about the mix,” Rivera told TechCrunch. “That diversity of thought and experience is core...

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