The Firestarter Fund raised $100,000 and $200,000 contributions from the members with an eye fixed to jointly backing technology corporations, says Matt Moog, another member who is CEO of Viewpoints Network LLC. The cluster is exclusive within the town in that each one the members have attention on the digital area, he said.
Mr. Moog expects the fund to learn from the numerous contacts within the trade the cluster will faucet and from the experience and skill the group's members can share with executives at the startups.
“It's a awfully possible way to interact 40-plus founders directly within the community,” he said.
Other members of the cluster embody Feedburner Inc. co-founder Eric Lunt, GTCR LLC Principal Bruce Rauner, OkCupid founder and CEO Sam Yagan and Excelerate Labs CEO and co-founder Troy Henikoff.
Crain's initial reported that the fund would be shaped.
Read more: http://www.chicagobusiness.com/article/20120131/NEWS08/120139931/heavyweights-including-pritzker-mansueto-launch-tech-investment-fund#ixzz1l4tCKOQG
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