Udated: William Morris Gets The Fund Fever: Starts With AT&T, Accel And Venrock

imageUpdated below: As we have been covering for a while now, the talent agencies here have exploring and raising funds to become de facto venture capital firms themselves, mainly to invest in digital entertainment in the Southern California region. Now William Morris Agency is first off the gates: it is launching a fund along with Silicon Valley VC firms Accel Partners and Venrock, and has an unusual limited partner in the form of AT&T (NYSE: T), reports NYT.

Richard Wolpert, the former president of Disney (NYSE: DIS) Online and the chief strategy officer at RealNetworks (NSDQ: RNWK), is heading the fund…he has been working with Accel as a venture advisor for at least a year now. The fund

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