chinafounder

I have some brief contact with the VC industry China, and almost anyone with money that I've met is basically just thrusting it at whatever seems hot overseas. The focus is on bringing companies to market (quickly) rather than trying to build sustainable businesses with competitive advantage in their field.

Losing cash on deals like this is great if it forces the VC industry to look for non me-too investments that actually deliver value. I'd prefer not to have the field cluttered with investors who don't know the difference between ren and ru. Will waste less of my time when/if I ever need funding.