Initially, venture capitalists and larger drugmakers were skeptical.

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Keep in mind that Eric did not initially seek out venture capital.

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Blu was founded in 2008 by McCarthy, a venture capitalist, and Bill Haney, an entrepreneur, environmentalist and documentary filmmaker, and initially funded by Haney and angel investors like Abby Disney, grandniece of Walt Disney.

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Banatao the investor initially put his own money to work, then joined Mayfield Fund, an established venture firm.

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To initially determine the value of companies, we used the first-day market capitalization of venture-backed companies at the time of their IPOs or their acquisition price if purchased.

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The joint venture is expected to begin work in the first half of next year, targeting between three and five projects initially, Rio Tinto said.

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The venture between the Japanese maker and Hindustan Motors, which makes the fuel-guzzling, quintessentially Indian Ambassador, will initially manufacture 5, 000 units a year.

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