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"VC's won't fund a bodega specializing in some obscure electronics niche" --- is it generally known who funds Shenzhen bodegas?
by macleginn 2y ago
"VC's won't fund a bodega specializing in some obscure electronics niche" --- is it generally known who funds Shenzhen bodegas?
- floatrock 2y agoMy armchair understanding is they're closer to "lifestyle businesses", and if there's larger funding sources at play it's in supporting the ecosystem at large. But I'm just an armchair commentator here. I hangout here cause I'd love to hear some better firsthand experiences if my story is off.
- AnotherGoodName 2y agoWalking through there and nearby HongKong it’s literally well educated individuals in garages each doing a ‘thing’ that all comes together to make something bigger. No investment needed here. As in I witnessed a bespoke electric motor manufacturer that was in the ground floor garage space with a couple of guys neatly winding insulated copper around an iron bar cut to the size needed (very large). You might see a massive train motor and say ‘where’d they get the funding to start this bespoke train motor company’. But it’s literally a couple of guys in an area where they have another couple of guys make the custom brushes, someone else doing the housing, they wind on the coils and boom you have a bespoke motor manufacturer. No investment needed.