I've been working on a startup in Beijing for the past year, and this is a very accurate account of how things work around here. What's fascinating to me is th

I've been working on a startup in Beijing for the past year, and this is a very accurate account of how things work around here. What's fascinating to me is that despite all the differences, the type of entrepreneur that tend to succeed in China is roughly the same as anywhere else: "it takes months to incorporate a company, setup VIE structures..." - Yes it's a huge pain in the ass. But real entrepreneurs don't let this stop them. They ask around, get advice, and figure out how get it done anyway. "awesome 3rd developer services are not available..." - True, but they are also not available to competitors. The good teams figure out what they need most and build it in house. The lack of these services is actually good for you, if you have the best developers. "It's hard for foreign entrepreneurs to fit in and get trust..." The author of the slides is a "foreigner", but still met up with tons of entrepreneurs(including myself :) and investors on a relatively short trip, simply because he is a fun and interesting person. To succeed in China, you gotta be relentlessly resourceful, good at building things, and charismatic. Not so different after all, right? : )