Tuesday, 11 October 2016

Breakout Labs backs four startups that are “reprogramming nature”

Peter Thiel, co-founder of PayPal Inc., stands on stage before the start of the Republican National Convention (RNC) in Cleveland, Ohio, U.S., on Tuesday, July 19, 2016. Donald Trump sought to use a speech by his wife to move beyond delegate discontent at the Republican National Convention, only to have the second day open with an onslaught of accusations that his wife's speech lifted phrases from one delivered by Michelle Obama in 2008. Photographer: Andrew Harrer/Bloomberg via Getty Images A venture fund that backs very early-stage advanced tech and science startups, Breakout Labs, has invested in 4 new deals, according to founder and Managing Partner Lindy Fishburne. The fund, which is part of the Thiel Foundation, typically invests $350,000 in each startup, with no strings attached. If a startup’s research and development does not lead to commercialization as hoped… Read More

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