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Kleiner, Perkins, Caufield & Byers, the venture firm that launched the biotech industry when it invested in a little startup called Genentech, has donated $500,000 to the California Stem Cell Initiative. If it passes in November, the bond measure will give $295 million per year to stem-cell researchers in California over 10 years. Silicon Valley venture capitalists and their families have contributed almost $2 million to the campaign, which gathered 1 million signatures, twice as many as necessary to get on the November ballot.