Venture Capital is still relatively new in China. For a lot of entrepreneurs in China it’s a buzz word but they still don’t really understand the principles or intricacies of it, and to be honest neither did I. But as start-ups sprout up in China, it really is important to understand. That’s why I interviewed Peng Ong of GSR Ventures recently to unravel some of the unknowns of the VC world.
Peng Ong is someone with experience on both sides of the track. He has been successful serial entrepreneur and has now crossed over to become a partner of GSR Ventures, with a focus on the internet, wireless and software sectors. Peng’s experience means he has deep insight into what entrepreneurs think and feel. As an amazingly successful entrepreneur, he founded match.com (sold to IAC), Interwoven (NASDAQ listed) now called Autonomy, and Encentuate (sold to IBM).
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