How's this for a fund: It sets up an exit for a company that only exists on paper, then sets out to create that company from scratch and sell it, all in the span of six to 12 months.
That's essentially the business model of AKT IP Ventures, the brainchild of French entrepreneur Nicolas Chaillan, which recently set up shop in the District. The firm is currently raising a $20 million fund for seed-stage investments in companies built around unused patents, which Chaillan expects to close in July.
