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2nd-ing the rumor from James. Launchbox is supposedly changing course to invest in post-incubator, pre-Series A companies.

For what it's worth, Chris H. posted this to his blog, so we can pretty much say that it's not a "rumor" now:

He's also saying that he intends to resurrect Triangle Startup Factory, which is good news.

Thanks for the reply. That's interesting. Do you know if this was by choice or if they just couldn't make their original model work in Durham?

Pretty sure it is by choice - I know at least 4 of the last class have already secured funding.