Sunday, July 8, 2012

Microsoft readies Bing Fund angel investment incubator




(Credit: Microsoft)

For the past few weeks, there've been some tweets showing up in my timeline from something called the Bing Fund.


ZDNet (and Techie-Buzz) blogger Manan Kakkar has noticed these, too. The tweets lead to a BingFund.com Web page that tease "We're working on something fun and will have more to share soon." (Kakkar noted in one tweet, there was an indication that Microsoft would peel back the covers on the Bing fund in mid-July.)


The head of the new Bing Fund is Rahul Sood, the founder of VoodooPC (purchased by HP), who most recently was a general manager in Microsoft's Xbox business. But as of March, according to Sood's LinkedIn profile, he became general manager of the Bing Fund, "a new program designed for entrepreneurs (and) startups in Bing."


A posting on Microsoft's own job site details Bing Fund further, describing it as "an angel incubator working with startups and accelerators to bring a wave of innovation to OSD" (Microsoft's Online Services Division). From that job posting:


The Bing Fund portfolio includes startups working on the web, desktop, mobile and console. Because of the pace and variety of Bing Fund star... [Read more]




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