DC’s 1776 Plans to Launch a $25 Million Fund

May 14, 2014

8:26 am

DC startup hub 1776 has filed paperwork for a $25 million startup fund, reported the Washington Business Journal.

The SEC filing that the Business Journal discovered was made on May 1 by 1776 cofounders Evan Burfield and Donna Harris. According to the filing, the full $25 million still remains to be sold. 

As for what the fund will actually look like, details are unclear. Last October, Harris told us, “There’ve been a couple of stories published about the fact that we’re launching a fund, and the only thing I could say there is that the facts in those stories are not accurate. . . . But we’re not yet ready to talk about the exact structure of what we’re doing.”

Tech Cocktail is a partner with 1776 for their Challenge Festival – register here to attend this week’s competitions and festivities! 

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Kira M. Newman is a Tech Cocktail writer interested in the harsh reality of entrepreneurship, work-life balance, and psychology. She is the founder of The Year of Happy and has been traveling around the world interviewing entrepreneurs in Asia, Europe, and North America since 2011. Follow her @kiramnewman or contact [email protected]

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