WIRED MONEY: Berlin’s budding Internet entrepreneurs have received the closest thing to an industry endorsement: a €1 million ($1.3 million) investment from Google Inc. for a new ‘hub’ where startups can work, play and meet investors.
LAGGING CITY: The German capital has lagged behind rivals such as San Francisco and London when it comes to big-name launches.
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A START: “We’re just at the beginning,” said Simon Schaefer of investment firm JMES, which is partnering with Google to provide the new facilities located close to where the Berlin Wall used to divide the city during the Cold War.
