As Union Square Ventures Looks to Third Fund, Speculation on Size Runs Rampant

Last week in New York, everyone was abuzz about one thing: Union Square Venture’s third fund. Multiple sources tell peHUB the New York-based venture firm is in the market, and there’s no end to speculation over the amount of money it plans to raise. Several sources told me they’d heard the fund was going to be twice the size as its second -- a $156 million fund that closed in 2008 -- with one source pegging the amount at $500 million.

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