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'B' is for burn rate: Sesame Street launches a venture fund
PBS staple Sesame Street has come a long way since it relied on donations from viewers like you, having recently made a historic deal with HBO. Now its nonprofit arm, Sesame Workshop, will dole out capital itself via a partnership with VC firm Collaborative Ventures. Called Sesame Venture, it will help companies that are focused on education, family development, nutrition, health and social development. The newly created fund, known as "Collab + Sesame," will invest up to $1 million in promising startup firms.
