VCs in the Wild, Wild East

DCM-Doll Capital's David Chao on investing in China, where business law has a short history and infrastructure for startups is mostly absent

In 1996, Silicon Valley venture capitalists were more keen on finding another Netscape next door than in going beyond U.S. borders. That year some of them shook their heads when David Chao co-founded DCM-Doll Capital Management, a VC firm that planned to invest up to 25% of its funds in Asian technology and telecommunications markets.

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