• Calculate your way to an easier life - 09/12/2014 05:57 PM PDT
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    (Laura A. Oda/Staff file photo)
    UC plans VC fund to finance startups

    The University of California on Monday announced plans for a $250 million venture capital fund to finance startups created by students and faculty, signaling a growing interest to cash in on companies created in dorm rooms and classrooms.
     
    The University of California announced Monday plans to create a $250 million independent venture fund to pursue investments in enterprises funded by UC research, subject to approval by its Board of Regents.  
     
    Square has raised $100 million from investors, a cash infusion that could put the floundering payments company back on track after a difficult year and make it one of the most valuable VC-backed businesses in the country.