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The Shanghai Government Is Compensating VCs For Sour Startups

Starting February 1st, the Shanghai government will compensate investment firms for losses incurred while investing in early stage and seed funded tech startups. Called the “Provisional Measures on Managing Shanghai Angel Investor Risk Compensation” (our translation), the new policy promises up to 3 million RMB (around $456,000 USD) per unsuccessful investment, with a limit of 6 million RMB […]