CBS honcho Sumner Redstone's daughter Shari has thrown her hat into the investment game.
Shari Redstone, herself a vice chair of CBS, has co-founded the venture-capital firm Advancit Capital. She also serves as managing partner of Advancit, which was launched this year and describes itself as an "investment firm focused on early-stage companies in media, entertainment and technology."
Advancit's initial ventures include Nettle, whose "next-generation social/local/mobile application and website for the global entertainment market" will launch next month.
Advancit was among a group of investors who provided $500,000 in seed money for the La Jolla-based Nettle — which was founded by Brian Dear and Dan O'Neill last October — earlier this month.
An SEC filing from earlier this month indicates that Advancit has drummed up $3.2 million in funds so far.
Redstone, 57, co-founded the company with Jason Ostheimer.
