Fortune reported earlier today that Mike Brown Jr. and much of the team that ran AOL?s venture funding arm have formed their own VC firm ? Bowery Capital ? that aims to find and fund enterprise-friendly startups. While it?s somewhat heartening to see a new firm set up shop in New York City, there?s another weighty question here that hasn?t been answered yet: now that nearly all of its staff has spun off a new venture fund, what?s going to happen to AOL Ventures? Well, long story short, it's not going anywhere yet.Source: http://feedproxy.google.com/~r/Techcrunch/~3/thTORgrya4c/
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