AOL co-founder and former CEO Steve Case announced on Thursday that he and two former AOL colleagues, Ted Leonsis and Donn Davis, have raised a $450 million venture capital fund that will focus on startups outside of Silicon Valley.
“While our visibility and reach is national, we will generally focus on investments in the Eastern United States,” they wrote in a blog post. “We believe there are great entrepreneurs building great companies all over the country, so we will focus our attention outside of Silicon Valley. ”
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