VC firm gives 2 youngest employees $20mn to make investments
US-based venture capital (VC) firm Canaan Partners has assigned $20 million of its $800-million fund to two of its youngest employees, Adina Tecklu and Hootan Rashidifard to make startup investments. The move is part of the company's Canaan Beta program which will invest $250,000-500,000 checks in consumer tech startups focussing in areas such as social media and gaming.