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New VC firm centered around on gaming
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Posted on
Jan 05 2009 11:14 PM
by
adeal
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An Austin entrepreneur is launching a different type of venture capital firm to invest in the gaming industry.
Alan Kane, the former COO and CFO of Midway Games Inc., said he’s raising a fund to invest in games rather than the companies that develop them. And instead of an equity investment, or owning a portion of the company in exchange for the financing, Kane plans to take a portion of the royalties games generate.
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