Like a Klingon starship de-cloaking in the middle of Europe, Lars Hinrichs the founder of LinkedIn competitor XING who exited for €48.3 million last year is putting his efforts onto a new startup investment vehicle dubbed HackFwd. But although the web site for the new venture is packed with advisors and mentors, HackFwd will take 27% of a company it invests in – that’s a sizeable chunk.
Comments