![]() ![]() The firm has more than $3 billion under management, has invested in more than 300 companies and sports a differentiated cross-Pacific expertise and offices in Menlo Park, Beijing and Tokyo. Yang himself now works with and invests in technology entrepreneurs through AME Cloud Ventures and serves on the board of five companies, no longer including Yahoo but spanning to China angled companies Alibaba, Lenovo and Didi.ĭCM has been at the forefront of a shift by Sand Hill Road anchored venture firms to think and increasingly act globally. Or so recalled Yahoo's co-founder last week in a stage chat with DCM co-founder and partner David Chao at a Pebble Beach summit, held by the venture firm celebrating its 20th anniversary.Ĭertainly a lot has changed in the China-US venture scene over these past two decades. ![]() It was 12 years ago that Jack Ma and Jerry Yang got together at a Pebble Beach conference, and the dating became serious, with Yahoo taking a 40% stake in Alibaba for what at that time was an astonishing $1 billion.
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