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This New York investor just raised a $60 million fund to capitalize on what he sees as a big weakness in the Silicon Valley VC firms

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Torch Capital Jon Keidan’s consumer venture firm Torch Capital announced Tuesday it secured $60 million for its first fund from figures including financier Silas Chou, iHeartMedia chairman and CEO Bob Pittman, and Rent the Runway cofounder Jenny Fleiss. Keidan told Business Insider that he thinks Silicon Valley investors do consumer startups a disservice by comparing […]

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