Why 2019 will be a bellwether year for tech entrepreneurs in China · TechNode
28 Jan 2019 8:24 AM GMT
Good tech entrepreneurs do not shy away from adversity?they are prepared to face long odds if they see the opportunity.
- As many old-school US business people and merchants give up on China, new-economy entrepreneurs and digital nomads from around the world are settling down in China’s main metropolitan centers.
- Founders from Europe, with fewer venture capitalists and angel investors to go by, typically form a company, garner some traction and soon thereafter set up headquarters or key office in one of China’s main tech hubs.
- Israeli founders, with a dense VC ecosystem to power their ventures, usually take a different route: Having been trained in Silicon Valley craftsmanship, they first raise initial capital and reach the commercial stage in the US before making inroads into China.
- Shen of Sequoia China went on to say that the current situation presents both challenges and opportunities.
- Government lends further weight to this by enacting favorable policy and pledging money to foreign companies, entrepreneurs and scientists who come to China.
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