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TechCrunch, Founders fund award 22 entrepreneurs $50K each
TechCrunch http://www.techcrunch.com/ and the Founders Fund http://www.foundersfund.com/ teamed up to give 22 entrepreneurs $50,000 each to fund early stage ideas at the 2009 TechFellow Awards held at the California Academy of Sciences.
The awardees get $25,000 from the TechFellow Awards program, and the Founders Fund matches that investment, and also gets the right to invest $250,000 when the companies are looking for their first round of venture funding. TechCrunch doesn’t take a financial stake in the companies.
The recipients were divided into four groups: Disruptive Innovation, Engineering Leadership, Product Design and Marketing, and General Management:
San Francisco Business Times – by Patrick Hoge and Vasanth Sridharan
Full Story: http://www.bizjournals.com/sanfrancisco/stories/2009/06/01/daily80.html
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