Term Sheet — Friday, September 16

Random Ramblings

Earlier this week we had a blind item asking you to name the VC firm that earlier this year announced a new $100 million+ fund, but doesn't actually exist. Your hint was that Term Sheet didn't blurb the bogus press release, but that others had.

The answer is Asenqua Ventures, which last week announced (via PRNewswire) that it had raised $125 million for its fourth fund. This is a California-based "firm" that has a website. It has a working voicemail system. It is included...

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