Steven Hu, a partner at Qiming Venture recently left the prestigious VC firm to take the reins of local mobile gaming company OurPalm. Mr. Hu said that lots of people – even those who knew him well – couldn’t understand what motivated him to make the jump, and in explaining his mindset, he gave us a fivefold reason, ascribing the departure to his passion for game, perfect timing, OurPalm’s capital advantage and great team as well as a non-stop dream to build up a Chinese entertainment empire.

As a matter of fact, Mr. Hu’s ‘sky dive’ isn’t an isolated case of veteran Chinese venture capitalists leaving their firms to either join one of his/her portfolio companies or to start a new cause. Known as those who always encourage the others to quit on steady income and leisure lifestyle to start a new business, venture capitalists are now rolling up their own sleeves to get some dirty jobs done, from talk the talk to walk the walk.

The past few months have seen CapitalToday’s Mr. Chang Bin left for e-commerce giant JD.com (one of his investments at the firm), a trilogy team departed with IDG China to found a new fund, a VP with DCM China team took a position at Qihoo and a partner at GobiVC left to launch his own venture capital.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.