Silicon Dragon          NEWS                         May 2012



May 31


The Rise of the Serial Entrepreneur in China




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,

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


David Chao, Joe Chen
DCM's David Chao & Joe Chen, Renren 


Sponsored by

 Sidley Austin, KPMG, 

Marketing & Media Partners:
AngelVest/AAMA, Startup Digest, Innovation Works, GMIC


For more info, contact 


Startup Asia

Startup Asia Editions for Vietnam and China

Coming Soon,

from publishers  

VinaBook and CITIC Press


Write Your

on Amazon

five stars 


"Required reading for anyone involved in innovation, U.S. competitiveness or U.S.-Asian relations."

Journalist and author

 Bill Holstein 


See Startup Asia

Tour Album on Facebook and Media Clips. 


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 Global China Connection

Fudan University, Shanghai

 May 28


Startup Asia Portland

May 1
Startup Asia Portland
Signing books with K&L Gates' Shiau Yen Chin-Dennis and David Kohl, Northwest China Council  
China Deal
San Francisco, May 2
Bay Area Council
San Francisco, May 10
Henry Wong, Rebecca
Henry Wong, Diamond TechVentures & Startup Asia author Rebecca Fannin




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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
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.


ForbesKeep 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 Jenny ZengLudvig Nilsson
Fred Hu, Primavera Capital;  Jenny Zeng, Magic Stone Alternative Inv.
Ludvig Nilsson, Jade Invest; Huoy-Ming Yeh, SVB Capital China
  Leon Ming, Ascendent Capital     Click to View Videos





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%  

Source: Zero2IPO      


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


China's Economic Data Disaster. FT Alphaville


The Soft Power of Meeting Eye to Eye (and US Ambassador Gary Locke) CMP 
Global Equity Strategy: "If It Makes You Happy" 
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 by @RogerKay
@NiuB: Chinese Netizens Say Time To "Clean Up" Foreign "Trash" (And toss China's future out the window...)
Interesting! Just when I am planning a trip to CHENGDU this month!
CTrip Writing Content: My Chengdu Story


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?  


As venture capitalists turn their back on China, funding dries up.
Venture Beat  But for how long?


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.  

Silicon Dragon

Save These Dates in the Year of the Dragon


September 13, 2012 Shanghai 

Oct. 3, 2012  Sand Hill Road

November 15, 2012  Hong Kong 


For sponsorship or speaking opportunities, please contact


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 KINDLE OFFER Frank Yu and Kindle edition


Fans of the Kindle electronic reading device can order a digital edition of

Startup Asia for only $9.99. Just click Kindle. That's Beijing entrepreneur Frank Yu displaying his Kindle edition with the author of Startup Asia.


For Speaking Engagements and video clips of presentations, see 
Rebecca at NASSCOM and Talks. 

See Video clip of panelists Raghav Bahl and Rebecca Fannin with NASSCOM former President Kiran Karnik, discussing "Chinovation and Indovation, Competition or Cooperation?"  NASSCOM 2012, Mumbai