Dolby Family Launches New Fund, Dolby Family Ventures

The Dolby Family, the family of Ray Dolby, founder of Dolby Laboratories, said today that it has launched a new investment fund, Dolby Family Ventures. According to the fund, it will focus on early stage venture capital, and will be managed by David Dolby, son of Ray Dolby, along with Pascal Levensohn. The firm says it intends to make four to seven investments per year, investing approximately $3M per company.