Editor’s note: This was contributed by Rachel Daydou. She has lived in China for 7 years and has been evolving in the Shanghai startup scene for 3, as co-founder of Lihaoma, managing member of Startup Grind Shanghai and leader of Shanghai University’s entrepreneurship program. She specializes in training programs for founders to make their startup profitable.

With money getting thrown at innovative initiatives, the government willing to reimburse venture capitalists for their loss and the eco system maturing as a whole, Shanghai is starting to look like the entrepreneur’s heaven.

Wantentrepeneurs, incubators and co-working spaces are growing like mushrooms. Being an entrepreneur is the dopest thing you can wish for in this booming city. But it takes much more than that to develop a mature startup ecosystem and build sustainable companies.

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TechNode Guest Editors represent the best our community has to offer: insight and perspective on how technology is affecting business and culture in China