SILICON DRAGON BEIJING 2012
The Rise of the Serial Entrepreneur in China
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Hurst Lin, Partner, DCM
Xing Liu, MD, Sequoia Capital China
Joe Chen, CEO, Renren
Andy Tian, GM, Zynga China
Chuan Luo, CEO, AppChina
Derek Ling, CEO, Tianji
Tong Li, CEO, Hengzhi.cc
Frank Yu, CEO, Kwestr
Chris Evdemon, GM, Innovation Works
Nelson Griggs, Senior VP, NASDAQ OMX
Constance Choy, Partner, Sidley Austin
MC: Rebecca Fannin
May 31, 4-8pm
Tech Chats, Venture Panel,
Q&A, Networking, Cocktail Reception
|DCM's David Chao & Joe Chen, Renren |
Sidley Austin, KPMG,
DCM, NASDAQ OMX
Marketing & Media Partners:
AngelVest/AAMA, Startup Digest, Innovation Works, GMIC
For more info, contact
Startup Asia Editions for Vietnam and China
VinaBook and CITIC Press
"Required reading for anyone involved in innovation, U.S. competitiveness or U.S.-Asian relations."
Journalist and author
See Startup Asia
Tour Album on Facebook and Media Clips.
Global China Connection
Fudan University, Shanghai
Startup Asia Portland
|Signing books with K&L Gates' Shiau Yen Chin-Dennis and David Kohl, Northwest China Council |
San Francisco, May 2
Bay Area Council
San Francisco, May 10
|Henry Wong, Diamond TechVentures & Startup Asia author Rebecca Fannin|
China, India Dealmakers Count Big-Time in Forbes' Midas List of Top 100 VCs
What a difference it makes to have China and India included in the Forbes' Midas List 2012.
One-quarter of the top 100 ranked VCs in the 2012 Forbes list have China and India deals sprinkled into their portfolios spanning Europe, Israel and the U.S. This top tier group includes three VC leaders who have spearheaded their firms' push into Asia: Jim Breyer, Accel Partners, #1; John Doerr, Kleiner Perkins, #12; and Michael Moritz, Sequoia Capital, #13.
|Jim Breyer, Accel|
This year's list reflects the importance of China and India as emerging hotspots of technology innovation, as well it should! China and India already account for 17% of total venture capital invested -- and are continuing to grow in relation to the U.S., which still claims a sizeable 70% share. Overall, the 2012 rankings highlight the trend of Silicon Valley dealmakers that have gotten on the fast track to China and India. See Forbes.
Here's my tally of China dealmakers on the list in 2012 (RED = New): Scott Sandell, New Enterprise Associates, #14; Neil Shen, Sequoia Capital China, #24; Andrew Yan, SAIF Partners, #27; Yuri Milner, Digital Sky Technologies, #29; Suyang Zhang, IDG Accel, #35; John Walecka, Redpoint Ventures, #43; Dongliang Lin, IDG Accel, #48; David Yuan, Technology Crossover Ventures, #50; Tim Chang, Mayfield Fund, #54; Ping Li, Accel Partners, #58; David Chao, DCM, #60; Thomas Ng, GGV Capital #66; Brian Ascher, Venrock, #67; Ruby Lu, DCM, #76; Erhai Liu, Legend Capital, #84; Jenny Lee, GGV Capital, #94; Ajay Agarwal, Bain Capital Ventures, #95; and Richard Liu, Morningside Ventures, #100.
For perspective, here's the four India dealmakers on the 2012 list: Rob Chandra, Bessemer Venture Partners, #28; Vinod Khosla, Khosla Ventures, #34; Navin Chaddha, Mayfield Fund, #46, and Subrata Mitra, Accel India, #99.
Keep in mind that the 2011 Midas list did not factor in China and India deals; and a separate Forbes ranking was later published for China VCs.
Interestingly, many of these players and their Chinese and Indian deals are featured in my books,
Startup Asia and Silicon Dragon.
Video Interviews with Thought Leaders in China Private Equity
Fred Hu, Primavera Capital; Jenny Zeng, Magic Stone Alternative Inv.
Ludvig Nilsson, Jade Invest; Huoy-Ming Yeh, SVB Capital China
China VC Investment Drops
(more than US)
Q 1 2012 / Q 1 2011
# of Deals % change Volume % change
CHINA 45 - 39% $745M - 56%
U.S. 717 - 9% $6.3B - 18%
Source: Dow Jones VentureSource
China Fund Raising Falls Too
Q 1 2012 / Q 1 2011
CHINA # of Funds % change Volume % change
29 - 67% $958M - 84%
|Apple iPhone dominance could be short-lived if it doesn't get the right functions and features to work for Chinese market. HBR
China launches its own Pinterest for purchasing luxury items. PSFK
The Soft Power of Meeting Eye to Eye (and US Ambassador Gary Locke) CMP
Best Equity Research Report You've Ever Read? A Must-Read Dresdner Kleinwort Wasserstein (albeit 2004)
VC Jim Breyer on Luck, Global Change, China and Predicting the Future. Forbes
Esther Dyson @edyson: China to have 170 mass-transit systems by 2025. Wish the US had caught all of us before we bought our own cars!
@forbesasia: Hewlett-Packard (HP) CEO Meg Whitman reaches out and gave China a big bear hug last week http://t.co/BhjsbRGL by @RogerKay
@NiuB: Chinese Netizens Say Time To "Clean Up" Foreign "Trash" http://t.co/D5NVA2Cd (And toss China's future out the window...)
Interesting! Just when I am planning a trip to CHENGDU this month!
GSR Ventures, Oak Investment Partners put $30M in LED maker SunSun Lighting as bets are on the LED market could top $300B.
BASF Venture Capital invests $5M in Tsing Capital's clean energy fund.
Cloud software service Evernote raises $70M from CBC Capital, Meritech Capital, and sets up joint venture to tap Chinese market.
Matrix Partners China raises nearly $50M for local currency fund to complement its dollar fund of $350M raised in 2011
Giant VC firm NEA closes on $2.1B (!), for its 14th fund and a winner on the fund size scales. Wonder how much will go to China and India?
FINANCING TRENDS: Winter-time?
As venture capitalists turn their back on China, funding dries up.
Well-known lawyer Carmen Chang retires from WSGR to join NEA as a Special Senior Advisor and work with China portfolio companies.
Cadwalader gains three Jones Day partners for its Hong Kong office: - Joseph Lee, Jeffrey Maddox and David Neuville.