Venture fund to help social-networking startups

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A partnership backed by Facebook,, Comcast and other major technology firms on Thursday established a $250 million fund to invest in startups that hope to capitalize on the growing reach of social networking.

The “S Fund” will be led by powerhouse Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers, an early investor in Internet companies such as Amazon, AOL and Google.

Full Story: Venture fund to help social-networking startups – The San Francisco Chronicle