4 ms·
I don't know the Chinese VC-Scene well but I know a few "Western" VCs in China so I can't make a judgement. It is my impression that it is much easier to get m
by tiatia 11y ago
I don't know the Chinese VC-Scene well but I know a few "Western" VCs in China so I can't make a judgement.
It is my impression that it is much easier to get money in China than in the states, at least until recently.
On the other hand: Often you get money from non VCs and VC is not very in the nature of a true Chinese. Chinese prefer M&A (with the focus on the A). How much is it to buy everything? They don't want any long term partner and they want everything based in China.
- seanmcdirmid 11y agoYou need a reputation, and they'll only fund you for something safe (like copying and localizing an already successful western internet service). The money doesn't flow easily at all for higher risk, which is sort of the point of a startup. Anyways, Beijing is the best city for software startups, but ranks pretty low compared to many cities in the west for funding. If it's not china related, don't do it here.