Local Business Alert: Leonsis, Case found $450 million fund to aid start-up firms in Washington area

Wednesday, November 30, 2011

    
 
The Washington PostWednesday, November 30, 2011 10:12:42 PM
LOCAL BUSINESS ALERT

Leonsis, Case found $450 million fund to aid start-up firms in Washington area


Washington entrepreneurs Ted Leonsis and Steve Case have assembled a $450 million investment war chest with the aim of rebuilding a start-up culture in the region that once gave rise to the company that made them rich, AOL.

The two friends and business associates who rode AOL's stock to dizzying heights and then watched it crash have established the Revolution Growth Fund, which will file papers with the Securities and Exchange Commission on Thursday after eight months of raising capital.


Read more at:
http://www.washingtonpost.com/business/economy/leonsis-case-found-450-million-fund-to-aid-washington-area-start-up-firms/2011/11/30/gIQAtb1fEO_story.html



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