Dell boy starts VC venture

US reports said that Michael Dell, CEO of the mighty Dellistopheles Corporation, has plunged some of his loot into an outfit which funds startups. His VC company, says the Wall Street Journal, has funds of $1 billion and will concentrate on helping IT firms reach the fruition of all their desires. Mikey Dell has already used some of his money to aid a number of IT firms, including Rambus and Jato, which have done pretty well, thank you very much. It is largely his own fortune which will be used. And he's probably doing it because he’s bored. ®