Tech firms create social-networking startup fund

10/21/2010 | San Francisco Chronicle

Amazon, Facebook and four other technology companies have partnered to back a $250 million fund aimed at investing in social-networking startups. At an Oct. 21 launch event for the fund, led by early-stage tech-investment firm Kleiner Perkins Caufield & Byers, Amazon CEO Jeff Bezos said his company is interested in supporting startups that will use the Amazon Web Services cloud-computing platform.

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San Francisco Chronicle