YZ Yuanzhe Fu + YY Yuyan Wang, founders of YUVC are thrilled to be joined by Jiang Xu, Executive Director at Vertex Ventures China, senior VC investor in tech and new energy.

Jiang was previously a consultant and new business manager at 36Kr. This episode focuses on Ms. Jiang's investment journey, highlighting the transition from an employee's mindset to an investor's outlook. It touches on fundraising, valuation, and sector choice, showcasing the growth mindset and team's technical strengths essential for successful founders. The discussion also looks at the future of China's venture capital scene and personal development in the field, emphasizing rational investing and ongoing education.

Highlights:

YZ: What sets a successful seed fund apart?
Christian: What sets a successful seed fund apart is that they can get into difficult deals.

YZ: How do you evaluate founders who don't fit the traditional criteria?
Christian: By conducting in-depth interviews with non-obvious unicorn founders and using AI to analyze the data, we are able to identify specific factors and questions that help predict the success of an immigrant founder without a network in the US.

YZ: What's a perfect founder profile for you now?
Christian: Founders who have experience building and are very cognizant of the mistakes they made in the past. They should have a new idea for a market where they can compete effectively. Hunger, technical capability, and experience are also important factors. Additionally, having a team and experience working together in the past is preferred, as it makes coordination and decision-making easier.

Chapters:

00:15 💼 Fundraising in China
02:32 🔄 From Consulting to VC
05:25 🤖 AI Investing: Learning and Contemplation
08:31 🛠 Framework for Hardware Tech Investment
12:25 📊 Valuation Logic in China
20:27 🛣️ Doubling Down on Which Sector
21:53 📉 From Quantity to Quality
26:32 🕒 Portfolio Management
31:46 🚀 Future of China's Venture Capital
40:29 💬 The Biggest Bubble: AI
42:23 🌈 Differentiation in Fundraising
43:24 🌱 Meaning of Life
49:12 📰 Value of VC Media
52:37 🏋️ Secret to Staying Energized

Links:

YUVC#17 - Future of Venture Capital in China by Executive Director @Vertex Ventures China

Why You Venture Capital (YUVC)