Roniin, a Newfangled Startup Factory in Chicago, Emerges with $3 Million in Funding


Over the last decade of so, Paul Lee had enjoyed a nice career as a venture capitalist. Last year, an idea began to nag at him, though, and in November, he left his job of several years, as an investor at Lightbank in Chicago, to pursue it with two other former Lightbank colleagues, Ryan Jeffery and Kathryn Saluke, and their friend Arman Ghosh.

The fruit of their labor: nine-month-old Roniin, a Chicago-based startup that spins off other startups — with a few twists that we haven’t seen before.

Here’s how the whole thing works. Roniin has raised money from lots of high-profile angel investors, many of them serial entrepreneurs like Sam Yagan. These investors are mostly busy running other companies – Yagan is the CEO of Match Group – but every once in a while (the thinking goes), one of them will have a business idea that they don’t have the…

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