Hangzhou, a city located in China’s eastern coast, has over the years transformed from a second-tier city famous for tourism to a central city home to a number of the country’s most prominent players in tech innovation. Traditionally overshadowed by metropolises such as Beijing and Shanghai, Hangzhou is finding itself more and more in the forefront of every entrepreneur’s mind. While the rest of the country was experiencing a slowdown in growth, Hangzhou saw steady growth in its high-tech and service sectors, particularly in the information industry.

In recent years, Hangzhou has been committed to building a digital economy and providing comprehensive ecological advantages to create a favorable environment for breeding unicorns. There is a Dream Town in the west of Hangzhou people call “a fantasy island born with dreams,” where more than 7,000 entrepreneurs have settled and 700 projects have taken root. Alibaba, Hikvision, H3C and Mogu Street are just a few examples of Hangzhou success stories. The city has become a magnet for domestic and overseas talent, technology, and innovation, capital, and entrepreneurship. That’s why, in the upcoming TechCrunch Hangzhou, many local VCs will be gathering here in search of the next unicorn.

The cultivation of unicorns is by no means an overnight process. However, the difference between a smooth process and a messy process can be attributed, in part, to the difference between a good VC and a bad VC. Good VCs often lead with clear goals, cooperative teams, shared vision, and determination. A good investor has their finger on the pulse, and is ready to share both opportunities and risks with entrepreneurs. Our speakers, comprised of the VC leaders of Hangzhou, will share their thoughts on how to judge a good project and what it takes to become the next unicorn.

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