Better Times for VCs? Redpoint Raise $400 Million Fund Focused on Social, Mobile, Cloud and Clean

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Redpoint Ventures announced that it had closed a new $400 million fund to invest in early stage start-ups in the “social and mobile Internet, cloud computing and clean technology spaces.” The last fund that the Menlo Park, Ca.-based venture firm raised was in 2007, which was $250 million.

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