New York angel investor Roger Ehrenberg is raising up to $25 million for a venture capital fund focused on “big data” startups. It will be called IA Venture Strategies, and is expected to hold a final close within the next two months.At first blush, this is a surprising development. Ehrenberg has long said that the traditional VC fund model is broken. In fact, he and I discussed that very subject during a panel discussion at Columbia Business School, nearly one year ago to the day (we were in basic agreement).
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