Get the most out of your Inc. online experience by registering and joining the Inc. community today. Get access to all Inc.com content and priority invites to free Inc. networking events in your area.

Login using:


Or login directly through Inc.com

Internet Leaders Create Investment Fund

The group will focus on discovering and funding small high-impact companies.

 

A consortium of key players in the field of Internet applications and digital media has joined forces to create a new investment vehicle to promote Web 3.0 innovation in Southern California.

Comprising entertainment company William Morris Agency, venture capital firms Accel Partners and Venrock, and AT&T (NYSE:T), the Joint Fund will focus on discovering, funding and building small, high-impact companies specializing in consumer media technologies.

"AT&T is focused on driving innovation that enables people to do more and get more from their connectivity," Susan Johnson, senior vice president of business development for AT&T, said in a statement. "We are excited about working with this venture to accelerate the pace of innovation so that consumers can benefit from next-generation services and capabilities."

Read more:

  • 9 Most Common Start-up Mistakes
  • Accelerator vs. Incubator: What's the Difference?
  • How Pinterest Really Makes Money

    • Sign-up for our Technology Newsletter