Founders Fund III hits cap at $250m

Peter Thiel's (co-founder of PayPal) Founders Fund has just raised $250m in its third fund to be invested in science, engineering and internet companies. ...

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The Life and Death of Dieter Frerichs - The K1 Group Saga Co

Dieter Frerichs is unfortunately dead.Mr. Frerichs was the director of two hedge funds, K1 Invest and K1 Global, controlled by Helmut Kiener, the founder of the K1 Group. With his death we may never learn the real story of what happened at the K1 Group. Mr. Freirichs had been under public scrutiny of late due to allegations of fraud at the K1 Grou

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Educational entrepreners offerred funding and training

The new Kauffman Education Ventures Program announced on July 14, 2010, that it will launch a competitive search for aspiring founders of high growth, scalable education enterprises. It is an example of free enterprise in action. The Ewing Marion Kauffman Foundation is providing the opportunity.

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Chris Sacca Helps Founders Cash Out Shares Early

Chris Sacca recently closed an $8.5 million fund to make seed-stage investments in Internet startups. But that's not the only fund at his newly opened Lowercase Capital (the two-person shop includes COO Serena Lourie). In fact, there are five funds.

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Microsoft co-founder to donate majority of his $13.5 billion

Allen, who is 57, said today that he plans to leave the majority of his $13 billion estate to philanthropy to continue the work of his foundation and to fund scientific research.

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RIAA: Lime Wire hid cash to avoid paying damages

Founder of file-sharing software maker Lime Wire transferred company's funds into a trust controlled by his family. Big music labels say the money belongs to them. Read this blog post by Greg Sandoval on Media Maverick.

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BankSimple pitches an online bank with no branches & no fees

Josh Reich and Shamir Karkal are seeking venture capitalists to fund their vision of a user-friendly electronic home for people's finances. Twitter co-founder Alex Payne is their first employee.

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Thoughts on Foursquare and Venture Funding, Revenue, Profits

All venture capital insures is that you now owe money to more people than just you and your co-founders.

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Last chance to support "Mondo 2000: An Open Source History"

In April, I posted about Mondo 2000: An Open Source History, an effort to document the history of the brilliant, trippy, and pioneering cyberdelic magazine of the early 1990s. Mondo 2000 founder RU Sirius launched a Kickstarter campaign to gather funding for the project and I'm pleased to report that they've exceeded the goal!

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Levi Roots: 'How To Secure Investment' - Entrepreneur Advice

Securing funding can be the difference between a firm expanding or ceasing trading, says Levi Roots founder of Reggae Reggae Sauce Ltd.

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