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Social Networking - Tuesday, July 10, 2007

Boston's UpDown Funded For Financial Social-networking/Hedge Fund

updown.png
UpDown says that it has raised an undisclosed amount of angel funding for its financial social networking start-up company based in Boston. UpDown was founded by Harvard Business School MBA students.

Its strategy involves starting a hedge fund using community-based investment strategies derived from its web site member community. Founders include Michael Reich who was an associate at Boston Consulting Group and Managing Director at Spirit Link.

The site is currently in closed beta.

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