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Over the years, Draper Fisher Jurvetson, the 30-year-old Silicon Valley venture firm, famously created a partner network of independent but DFJ-branded venture firms around the world. It was one of the first and only venture firms that have attempted such a program, in fact.

Then, two years ago, it said it was shifting gears. The branding was growing confusing for the firms’ separate investors, it said. It also argued that its affiliates were maturing and ready to operate under their own names.

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