Today, in dispatches from the Facebook Mafia: Chris Hughes’ hubs Sean Eldridge is the subject of a front-page story in the Poughkeepsie Journal. The focus is his work with Hudson Valley Ventures, the investment firm focused on the region where the pair own a home (their third) and Mr. Eldridge reportedly plans to run for Congress in 2014.
Since the firm was founded in 2011, the Journal reports, Mr. Eldridge has doled out money to five local businesses, most of them foodie projects like Poughkeepsie’s Hudson Chocolates and Ulster County’s Bread Alone. (“I love food,” Mr. Eldridge confessed to the Journal.)
Investments range from $50,000 to $500,000. But don’t ask for financial details, because all Mr. Eldridge seems willing to say is that it’s none of your beeswax:
The money behind Hudson River Ventures, Eldridge said, is not publicly disclosed because the fund is a “closed fund,” meaning its investors are private and so are its fiscal matters.
The money is “my own and my husband’s,” Eldridge said. “Because it’s a closed fund, we’re able to be quite agile.”
Yes, we hear that “agility” is one of the great benefits of enormous personal wealth. That, and the ability to maintain three homes.