Lycos forms Web investment fund

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Lycos and several venture capital companies have formed Lycos Ventures, a venture capital fund with $70 million in funding available for Internet start-ups. Other investors are Bear Stearns, Mellon Ventures, Mirae Corp., Sumitomo Corp., Vulcan Ventures and others. Lycos will be pitch in $10 million of the total funding.

Copyright July 1999, Crain Communications Inc.

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