Excerpt:
Enrique Allen, the firm’s designer and the founder of its accelerator program, announced The Designer Fund today at 500 Startups’ first Demo Day. He noted that many successful startups — including YouTube, Tumblr, Android, and Flickr — were founded by designers. That’s not surprising, he said, since designers have “a deep understanding of people’s real problems” and are “paid really well to make what people really want,” compared to many startups that “fail because they make what people don’t want.”
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