A Daemon Fund is a group of developers who pool and invest their spare time in startup businesses.
The fund invests sweat equity instead of cash but Daemons share risks and rewards like an angel investment fund.
The Daemons are talented, motivated, and entrepreneurial. But, they also have day jobs, mortgages and enjoy eating and living indoors.
Ditching the job may not be an option. Flying solo on a side project might take too long. The Daemon Fund is a way to team up and get rolling, right now.