DCM, a leading global technology venture capital firm, today announced that the firm's co-founder and general partner, David Chao, was recognized as “Investor of the Year” by Hua Yuan Science and Technology Association (HYSTA). HYSTA is a leading industry organization which aims to promote entrepreneurship and career development among Chinese professionals in Silicon Valley, and to facilitate networking and exchange of business ideas among successful Chinese entrepreneurs and executives in Silicon Valley and mainland China.
David Chao is a co-founder and general partner at DCM. At DCM, he guides portfolio companies in formulating corporate and product marketing strategies, developing strong management teams and implementing domestic and international partnerships. In particular, David leads many of DCM's investments in Chinese technology companies helping to bridge the gap of innovation between China and the US. He is responsible for investments in Clearwire, eDreams, Fortinet, kabu.com, Sandforce and Sling Media, and sits on the board of several other companies, including 51job, 99Bill, BitTorrent, Lumi, Renren, Kanbox, and Translattice.
“HYSTA and I both recognize the value in building relationships between entrepreneurs and professionals in both China and the US,” said David Chao. “I am honored to receive this award, as I truly admire the work of the HYSTA.”
About Hua Yuan Science and Technology Association (HYSTA)
Hua Yuan Science and Technology Association (HYSTA) is a leading Chinese professional association in United States. Founded in 1999 by a group of successful Chinese entrepreneurs, HYSTA aims at nurturing entrepreneurship and career development among Chinese technology and business professionals and facilitates networking and the exchange of business ideas between Silicon Valley and China.
About DCM
DCM is an early stage venture capital firm that has been helping entrepreneurs build world-class technology companies since 1996. The firm's partners manage funds totaling over US$2 billion, and have made investments in more than 140 technology companies across the United States and Asia. With offices in Silicon Valley, Beijing and Tokyo, DCM provides hands-on operational guidance and a vast network of business and financial resources to its portfolio companies globally. DCM has backed industry leading companies such as 51job (NASDAQ: JOBS [FREE Stock Trend Analysis]), About.com (acquired by The New York Times Co.), Clearwire (NASDAQ: CLWR), eDreams (acquired by TA), Foundry Networks (NASDAQ: FDRY), Kabu.com (TSE Main: 8703), Sling Media (acquired by EchoStar), SMIC (NYSE: SMI), and VanceInfo (NYSE: VIT) as well as upcoming startups such as Bridgelux, Happy Elements, Mbaobao, PapayaMobile, RockYou, Sandforce, Trion Worlds, Ustream, and Vipshop. Recent exits include four new China-based IPOs: Renren (NYSE: RENN), BitAuto Holdings (NYSE: BITA), Dangdang Inc. (NYSE: DANG), and Shanghai Luxin (SZSE: 002565) and three US-based exits: Force10 (Acquired by Dell), Fortinet (NASDAQ: FTNT) and PGP (acquired by Symantec).
Read more: http://www.benzinga.com/pressreleases/11/11/b2146107/dcms-david-chao-recognized-as-investor-of-the-year-by-hua-yuan-science-#ixzz1f3baO6yn