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Draper Fisher, others to pour $1.4 billion into Asian start-ups

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Draper Fisher Jurvetson, Redwood Shores, Calif., and 18 other venture capital companies will jointly invest $1.4 billion in Asia-based b-to-b and business-to-consumer Internet start-ups. The venture capital firms, which also include Hong Kong-based Pacific Technology Partners and Cleveland-based Crystal Internet Venture Funds L.P., will operate from a Singapore base.
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