Significados de first vc em inglês

Australian SAS soldier Mark Donaldson was the first VC winner for that country since 1969.

And second, why are so many companies still unprofitable at IPO, despite the lengthening gestation period from first VC funding to exit?

Feng, the venture capitalist and at 29 the youngest at the table, is one of the first VCs in China - and arguably the hottest.