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Zillow’s CEO is starting a hedge fund along with two other Seattle entrepreneurs, says John Cook:

The partners in the fund, which is in the early stages of formation, are Zillow.com Chief Executive Rich Barton, Second Avenue Partners co-founder Nick Hanauer and Delafield Hambrecht Chief Executive J.D. Delafield.

What does this mean for Zillow? Is Barton looking to jump ship?

If I were his VC I wouldn’t be too happy that his attention is being diverted, especially considering its current troubles.

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