MATR News: $2 million fund to be set up for Web startups

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$2 million fund to be set up for Web startups

March 24, 2008

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Five months after winding down their involvement in their previous business, two serial Seattle entrepreneurs are launching a new venture -- a $2 million fund that will specialize in investing in startups run by first-time Web entrepreneurs.

Andy Sack and Chris DeVore, who together founded Judy's Book, will announce Monday the formation of the fund, Founders Co-op. It will make investments of between $10,000 and $250,000 in new Internet companies.

By JOSEPH TARTAKOFF P-I REPORTER

Full Story: http://seattlepi.nwsource.com/busine ... ders24.html

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