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The first venture capital funding was an attempt to kickstart an industry. To that end, Doriot adhered to a philosophy of actively participating in the startup's progress.
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Google Capital, a growth-stage vehicle backed by U.S. Internet giant Google Inc., has made its first investment in China. The firm, along with Chinese venture firm Lightspeed China Partners, co-led a Series C round totaling $38 million into a Suzhou-based business called InnoLight Technology Corp...