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October 1, 2019 01:00 pm

New App Claims It Can Identify Venture Capitalists Using Facial Recognition

An anonymous reader quotes a report from The Verge: AngelFace [is] an Android app that lets users identify whether someone is a venture capitalist by capturing a quick photo of their face. According to [app developer Tosh Velaga and co-founder Igor Nefedov], "You just hold your phone up to someone's face for a second, tap a button and their profile will pop up." Velaga and Nefedov scraped photos of investors from Signal, a directory of venture capitalists in different industries, as well as Google Images. They declined to specify how many photos they have, though they said it is over 1,000. Velaga believes the app can solve a common issue for new entrepreneurs: meeting and talking to the people who can fund their ideas. "Part of it is like if you see somebody walking down the street in Allbirds and a puffy vest, you might be like who is this? VCs are not the most sympathetic crowd and it's hard to just go up and talk to them. Now you at least know who they are," he said. Today, AngelFace is focused on venture capitalists based in the Bay Area, though Velaga hasn't ruled out the possibility of expanding to other cities. He's marketing the app cautiously because, as he says, "it's a slippery slope, this technology. We're not even sure if it's legal." If you're planning on giving the app a try, don't expect it to work very well. The Verge said they tested the app around the office and it "didn't recognize Casey Newton or Benchmark's Bill Gurley."

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