Technology News

VCs Began To Innovate More In 2012

Wednesday, January 02, 2013 5:01:00 AM PDT | VentureDeal

New York, New York  --  US venture capital firms started to take tentative steps at innovation, in 2012, according to an article in Fortune.

The piece cited seven new initiatives during the last three months of the year that were atypical for venture capital firms.  Here is a sampling:

- Dorm Room Fund - a $500,000 fund created by First Round Capital and run by students to invest in either current students or recent grads from Philadelphia-based universities.

- Hack/reduce - an initiative by Atlas Venture to bring together recent computer science graduates in the Boston area with experienced technologists to pursue new data related technologies.

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