The Week: People news - Web icons to aid start-ups

Brent Hoberman, the co-founder of, and Johnnie Goodwin, who started the investment company LongAcre, are launching an investment fund for internet start-ups. Called PROfounders Capital, the fund is also backed by Michael Birch, the co-founder of Bebo, and Peter Dubens, who has successfully launched Pipex, 365 Media and Oakley Capital. The fund expects to focus on investments of between £500,000 and £1 million.