The hottest VCs since Andreessen

  @FortuneMagazine April 11, 2013: 2:53 PM ET
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Jim Kim, Joe Lonsdale, and Brian Koo in San Francisco


In the early days of Silicon Valley venture capital, top investors bragged that they wouldn't take a stake in any company they couldn't visit by car. That strategy worked out well for the early backers of Intel, Apple, Cisco, and so on. A later wave of VCs, convinced that opportunities had narrowed, opened offices in Europe, China, India, and Israel to scout deals. Their results were less spectacular.

Formation 8, a new group of young VCs, is pursuing a fresh take on the location-is-everything mantra. Its investment focus is in Silicon Valley, but it is pouring resources into Asia from the outset. The twist is that Formation 8's Asian outposts aren't meant to beat the bushes for investments but to help U.S.-based entrepreneurs advance their businesses there.

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