For entrepreneurs looking for funding their startups this year, they might found the climate is much less forgiving than last year. I remember last summer almost anything can get a decent valuation. But this year, the VCs are much more cautious.
What are on the VCs’ minds these days? To find out, interested parties might like to join the event organized by Silicon Dragon next week. It said it has invited all the top VCs in Shanghai, including Steamboat Ventures, Qiming Ventures, GGV Capital, Morningside Ventures and Ceyuan Venture. Fritz Demopoulos, founder of Qunar will also be there, representing Queen’s Road Capital, an angle fund he recently founded.
As representatives of the entrepreneurs, David Li of YY and Feng Hong of Xiaomi Technology will also join the discussion. I guess a lot of people will be interested to know how Xiaomi fetched a US$4billion valuation, under current market condition.
Here is details of the event:
Link: http://www.silicondragonventures.com/Pages/SiliconDragonShanghai2012.aspx
Speakers: Alex Hartigan, Steamboat Ventures; Hans Tung, Qiming Ventures; Jenny Lee, GGV Capital; Richard Liu, Morningside Ventures; Fritz Demopoulos, Queen’s Road Capital; David Chen, AngelVest; Richard Chen, Ceyuan Venture/Yifei Investment; Joseph Chan, Sidley Austin; Frank Giglio, NASDAQ OMX;
Tech Star Founders: David Li, YY Inc.; Feng Hong, Xiaomi Technology
Program: A Dragon Enters The Yantgze in the China 2.0 Era
Discussion points:
– The Arrival of the Angel Investor & Serial Entrepreneur in China
– Exit Options: Going Public, M&A, Taking Private Again
– From Copycats to Chinese Micro-Innovations
– Tougher Deal Terms for Startup Financing
– Chinese Startups Going Global
– What’s Hot: Mobile Internet, Cloud Computing
When: September 13, 2012 4-8PM
Where: Knowledge & Innovation Community, Conference Center, Building 7, 1F, Seven KIC Plaza, # 388 Songhu Road, Yangpu District, Shanghai (nearby Fudan University)
http://lkb.cc/sdxiaomi is a talk with Feng Hong, co-founder of xiaomi technology and Arman Zand from SVB
http://lkb.cc/sdyyi is a talk with David Li, CEO and co-founder of YY. Hans Tung helped translate an Frank Yu was leading the discussion
http://lkb.cc/sdnasdaq is a conversation with Frank Giglio, general manager of NASDAQ OMX, Fritz Demopoulos, founder of Qunar, Joseph Chan and Russell Flannery, Senior Editor of Shanghai Bureau Forbes
http://lkb.cc/sdchvc is a talk with six Chinese VC’s about that state of the market.