The NYTimes broke
that Silicon Valley has teamed up with Hollywood
to launch a digital
More specifically, Accel Partners and
Venrock have joined the William Morris Agency -- and AT&T -- to invest in digital media start-up companies in Southern
The fund will be
capitalized with tens of millions of dollars and investments may be as small as
The focus will be on online
technology including social networking, advertising and mobile games.
We’re thrilled to see Southern
California venture capital investment
continue to grow.
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