Venture capital from beyond the grave
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Lehman Brothers was one of the investors who put $12 million into MyShape, an online clothing store. Lehman Brothers, the bankrupt investment bank? Yes; its VC arm, Lehman Brothers Venture Partners, had committed to the investment in August, before its parent company collapsed. The venture group, which had raised $1.1 billion and invested $717 million of that, is negotiating to spin out of Lehman as an independent firm.