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Pittsburgh VC fund's "adventure" almost over

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Western Pennsylvania Adventure Capital is reducing its portfolio and winding down, reports the Pittsburgh Post-Gazette.
After raising $5.2 million from 1999 through 2001, the Scott fund has made no investments since 2007, and its portfolio has been reduced to a half dozen Western Pennsylvania companies valued at $942,444.

Based on the estimated $40,000 it will cost to liquidate the fund, investors are expected to get about 21 cents for each of the fund units they own.
Original source: Pittsburgh Post-Gazette
Read the full story here.



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