1776, the D.C. startup hub that launched earlier this year with District funding, plans to pull together a seed fund that will allow it to make equity investments in early-stage tech companies.
The creation of a fund would turn 1776 into a bona fide "accelerator." The 1133 15th St. NW space, run by Startup DC's Evan Burfield and Donna Harris, is now primarily a co-working operation (some say incubator), with additional programs layered on top of it, like the recently announced Challenge Cup international startup tournament.
To read the original article: 1776 to launch seed fund - Washington Business Journal