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The Foundry Group is starting a 5th investment fund
The Foundry Group, a Boulder-based venture capital firm, is raising $225 million to fund a fifth investment fund. So far, the Foundry Group isn’t saying much about what this new fund will do, but the fund will be called the ‘Foundry Venture Capital 2016 L.P.’ [Foundry Group files paperwork for fifth $225M investment fund, BizWest]
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Obama’s proposed new overtime rule could affect startup employees
The new rule would make as many as 5 million more Americans, 80 thousand of which live in Colorado, eligible for overtime pay. In essence, the rule change raises the income threshold for those eligible to make overtime to $50,440 a year. [Built in Colorado]
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Denver gets another booze delivery service
Colorado is getting yet another booze delivery service. Yup, Liquor Limo announced it was starting delivery service in 14 Colorado cities. Competing services like Minibar started delivery in Colorado earlier this month, and Drizly has been around for almost a year. God help your liver. [Another booze delivery service starts in Denver, Denver Business Journals]
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Uber bought some Bing operations and data centers in Boulder
The ride-sharing company Uber bought some of Microsoft’s Bing division -- some of which was located in Boulder. A 50-person office in Boulder and a data center in Longmont were part of the deal. Uber is interested in improving its mapping systems. [Uber acquires Bing operations, data center in Boulder County, BizWest]
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Electronic toy and education company raises $44M from the Foundry Group
The electronic toy and education startup littleBits raised $44.2 million in new funding backed by the Foundry Group. littleBits is based in New York. [littleBits, Backed by Foundry Group, Raises $44.2M, Tech Rockies]
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Millennials now outnumber Baby Boomers in Colorado
For the first time, people in the Millennial generation outnumber those in the Baby Boomer generation in Colorado. Expect that single change to have outsized effects on everything from city planning to politics and office culture. It’s a brave new world -- and apparently it’s going to be run by a tattooed 24-year old. [Colorado millennials outnumber Baby Boomers for first time, Denver Business Journals]
