startupbug.com - XING founder Lars Hinrichs launches HackFwd, a product-oriented pre-seed fund http://www.startupbug.com/startup-news-and-stories/xing-founder-lars-hinrichs-launches-hackfwd-a-product-oriented-pre-seed-fund/ 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. Wed, 09 Jun 2010 00:32:29 CDT en