Union Square Creates New Fund as Social Media Goes Mainstream

Union Square Ventures is putting together a new fund to help it participate in later rounds of funding for growing companies. The VC says the new Opportunity Fund, first hinted at a couple of weeks ago, will allow it to continue to invest in social media and networking start-ups like its existing portfolio companies Twitter, Foursquare and Tumbler as they grow beyond the early stages that the firm has traditionally focused on.

Union Square Creates New Fund as Social Media Goes Mainstream

Backlink: http://feedproxy.google.com/~r/OmMalik/~3/LG5KD88r2k8/

Social Media: Foursquare and other location-sharing services (San Diego Union)

Foursquare, Gowalla, Facebook Places and other such services are becoming popular due to the spread of GPS-enabled smart phones. How are businesses using these services?

Source : San Diego Union

Explore : Business, Foursquare, GPS, Social Network

Post originale: http://wik.io/info/US/227125214