ReadWriteWeb

Howard Lindzon, a hedge fund trader who created the high-profile short video show Wallstrip and then sold it to CBS, today launched a new fund to invest in social applications. The eight-person group is called Social Leverage, LLC and will presumably compete with a handful of other small funds to get a piece of the hottest new apps before they seek more substantial funding.

The new fund's portfolio currently includes the most popular Twitter client, Tweetdeck (also funded by a constellation of other small stars), Lindzon's Twitter for stock tips service StockTwits and WallHogs, a bizarre company that prints over-sized vinyl wall hangings from user-uploaded images. Who will Social Leverage back next? We can only wonder, but it's sure to be interesting.