For startups, smooth sailing is rare. Things change rapidly and suddenly for investors and entrepreneurs. Deng Feng, co-founder of the VC Northern Light (NLVC), recently shared his views on the relationship bewteen VCs and entrepreneurs during turbulent times.

Three months ago, the once high flying maternity-children B2C site Redbaby was finally  acquired by Suning for $66million. Rumor has it that Mr. Deng and other VCs were heavy handed with the company’s management resulting in its demise.

If words on the street were to be trusted, Mr. Deng’s action didn’t pay off. Before Redbaby was acquired, an unnamed, organization had bought the majority shares of Redbaby for $10million, leaving early investors NLVC and KeyTone Ventures with pittance.

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Charlie Sheng

动点科技驻湾区记者. Charlie is an entrepreneur based in San Francisco and Hong Kong who calls herself the undefeated caffeine champion. You can reach her at charlie.sheng (at) technode.com