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New VC Fund Wants Only Facebook Apps

Investor puts exclusive attention on site he thinks is worth $100B

By Colleen Barry,  Newser Staff

Posted Nov 14, 2007 12:26 PM CST

(Newser) – Venture capitalist Lee Lorenzen is so enamored of Facebook that he started an investment fund just to finance developers creating applications for the social network site. Not only is Lorenzen investing in a month-and-a-half-old industry, last month at a conference he said Facebook might be...   Read full story »

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