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January 21, 2008
MySpace Launches Seed Fund
I'd love to see the internal economic rationale -- because I bet it's dodgy as heck -- but MySpace has apparently launched a new seed fund. With fbFund (for Facebook apps) and MySpace (for MySpace) apps, plus VCs and angels chasing the stuff, anyone who can't get seed funding for a social app with a modicum of transaction must not be connected to the global communications grid.
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