June 15, 2004
Bono, VC
Posted by Gordon Smith
In another strange venture capital story, U2's lead singer Bono is joining a new venture firm in Silicon Valley called Elevation Partners. The firm is attempting to raise $1 billion to invest in media and entertainment projects. Actually, this sounds like a pretty credible project given the state of those industries. It appears that the firm will be focused on buyouts rather than the startup investments that characterize many well-known VC funds.
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