Venture capital firm Draper Fisher Jurvetson (DFJ) provides early-stage operating capital to startup firms. It has traditionally focused on information technology segments as Internet applications and services, semiconductors, telecommunications, and networking software, but has expanded its focus to include life sciences and clean energy technologies. Since 1985 the active investor has backed more than 300 companies, including such Internet hits as Hotmail (acquired by Microsoft), Skype (acquired by eBay), and Baidu. The company has more than 30 offices and maintains a network of more than a dozen affiliates that seek out deals in the US and abroad. DFJ manages some $4 billion in committed capital.