7-Eleven's Venture Fund, Cracks in Etsy Economy, Spreadable Beer: Aug. 29

Illustration by André da Loba

7-Eleven is dabbling in the venture capital business, reports Dan Primack. The convenience-store chain sounds more interested in getting close to startups than chasing returns. [Fortune]

Resellers, third-party vendors, and counterfeiters present potential cracks in Etsy’s brave new economy, writes Kevin Morris. [Daily Dot]

Erin Griffith has a chart to explain the future of venture capital. [PandoDaily]

A Massachusetts lawmaker running for governor is abandoning his campaign after the state ethics commission ruled that his stake in a small airline, Cape Air, was a conflict of interest, because Cape Air has a no-bid lease at Logan Airport, Matt Murphy reports. [State House News Service/Lowell Sun]

The latest ale innovation is a spreadable beer created by two Italian companies, reports Thomas Gibson (video). [Bloomberg Television]

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