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lehman brothers
Venture capital from beyond the grave

By Owen Thomas, 4:20 PM on Thu Oct 9 2008, 625 views (Edit, to draft, Top, Slurp)

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Lehman Brothers was one of the investors who put $12 million into MyShape, an online clothing store. Lehman Brothers, the bankrupt investment bank? Yes; its VC arm, Lehman Brothers Venture Partners, had committed to the investment in August, before its parent company collapsed. The venture group, which had raised $1.1 billion and invested $717 million of that, is negotiating to spin out of Lehman as an independent firm.

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