Tonight many of Silicon Valley’s best and brightest have come together for the TechFellow Awards , a new startup investment program that we have created in partnership with Founders Fund . We’ll be annoucing the winners shortly, and are live streaming the event below, compliments of Ustream . Here are more details about the program: At least twelve fellows will be granted $25,000 each tonight to invest in an

early stage startup of their choice. Founders Fund will invest an additional $25,000 alongside those investments and request an additional right to invest another $250,000 when the company raises its next round of financing. In all, Founders Fund expects to devote around $3.6 million to the program. Crunch Network : MobileCrunch Mobile Gadgets and Applications, Delivered Daily.

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Live Stream Of This Evening’s TechFellow Awards