Today, the company is pulling back the curtain on its new Bing Fund, an angel investment program targeting online and mobile startups. The fund is being headed by Rahul Sood, a?former entrepreneur who sold niche computer maker VoodooPC to Hewlett-Packard in?2006.
Details about the new investment effort had been dribbling out in recent days, particularly thanks to the sharp eye of CNet?s Mary Jo Foley. Microsoft is now saying more about the fund, including an interview it doled out to VentureBeat.
The Bing Fund will invest up to $100,000 in a?limited number of early stage companies that are beyond the idea stage, saying on its website that startups should at least have ?a working prototype and a?solid business plan.?
To learn more and to read the entire article at its source, please refer to the following page, Microsoft Confirms Bing Fund, a New Angel Investment Vehicle- Xconomy.com
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Source: http://feeds.dabcc.com/~r/microsoft-windows-server-desktop-news/~3/CGYPBefh1h4/article.aspx
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