Yesterday, Chris Dixon announced on his blog (http://cdixon.org) the formation of Founders Collective, a $40 million seed stage fund. I have known about Founders Collective for some time and am excited about the launch. I have written on several previous occasions that there is never enough seed capital available, so it is great that they are targeting this need. Even better though is that the money comes with the advice of a really great group of founders who can provide tremendous value beyond their capital (in addition to Chris, the group includes Mark Gerson, Caterina Fake and several other impressive folks). While they will be active nation wide, their focus will be on the East Coast and especially New York. This is a great addition for the city. Welcome!