Venture Capital's Growing Aspirations

VC funds are getting bigger and targeting more established companies. And some firms are placing their bets outside the U.S.

Silicon Valley's archetype for drawing venture funding has long been two guys in a garage—from Hewlett-Packard (HPQ) founders Bill Hewlett and David Packard to the brains behind Google (GOOG), Larry Page and Sergey Brin. But judging from recent trends, that template may be subject to revision.

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