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Andersen Consulting to form e-commerce venture capital unit

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Chicago--Andersen Consulting will launch a venture capital unit that will invest primarily in business-to-business electronic-commerce companies. The unit, which will be called Andersen Consulting Ventures and be based in Palo Alto, Calif., will have a $1 billion financing war chest. Andersen Consulting will contribute $500 million and the remaining $500 million will be contributed by a consortium of yet-to-be-named venture capital firms and investment banks.
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