Bullish China

There are not so many venture capital firms on the online social network, in fact, many of them do not like to be found by “normal public” so easily. I prefer to believe “they d like to keep mystery to allure more people”. However, the good trend is everyday a few more seem to show up in the web2  social network, i.e. twitter.

Want to know what VCs are doing and what kind of projects they may choose?  Wish to propose your new business plan to these censorious investors? – by digesting their writings, tweets and ramblings, you can understand how these guys think and then you can improve your odds of success during a pitch meeting.

The very original list is based on  Larry Rubin and added to by Jasmine Antonick– full credit where credit is due. I once made a similar list before, now I will make this latest list, you can mass follow them in one click.

1. Guy Kawasaki, Garage Technology Ventures @guykawasaki
2. Fred Wilson, Union Square Ventures @fredwilson
3. David Hornik, August Capital @davidhornik
4. Brad Feld, Foundry Group @bfeld
5. Marc Andreesen, n/a @pmarcablog
6. Josh Kopelman, First Round Capital @joshk
7. Ed Sim, Dawntreader Ventures @edsim
8. Jeremy Liew, Lightspeed Ventures Partners @jeremysliew
9. Bill Gurley, Benchmark Capital @bgurley
10. Jeff Nolan, SAP Ventures @jeffnolan
11. Christopher Allen, Alacrity Ventures @ChristopherA
12. Seth Levine, Foundry Group @sether
13. Jeff Bussgang, Flybridge Capital Partners @bussgang
14. Mike Hirshland, Polaris Venture Partners @VCMike
15. Jeff Clavier, SoftTech VC @Jeff
16. Mendelson/Feld, Foundry Group @jasonmendelson @bfeld
17. Paul Kedrosky, Ventures West @pkedrosky
18. Jason Caplain, Southern Capitol Ventures @jcaplain
19. Nic Brisbourne, Esprit Capital Partners @brisbourne
20. Jason Mendelson, Foundry Group @jasonmendelson
21. Ryan McIntyre, Foundry Group @ryan_mcintyre
22. Howard Morgan, First Round Capital @HLMorgan
23. Raj Kapoor, Mayfield Fund @Rajil
24. Christine Herron, First Round Capital @christine
25. Fred Destin, Atlas Venture @fdestin
26. Saul Klein, Index Ventures @cape
27. Vineet Buch, BlueRun Ventures @VineetBuch
28. Andrew Parker, Union Square Ventures @andrewparker
29. Bijan Sabet, Spark Capital @bijan
30. Rob Finn, Edison Venture @robfinn
31. Marc Goldberg, Occam Capital @MarcGoldberg
32. Daniel Cohen, Israel Venture Partners @coheda
33. James Chen, CXO Ventures @cxo
34. David Aronoff, Flybridge Capital Partners @dba
35. Max Bleyleben, Kennet Partners @mbleyleben
36. Jeremy Levine, Bessemer Venture Partners @jeremyl
37. Jason Ball, Qualcomm Ventures Europe @jasonball
38. Mark Peter Davis, DFJ Gotham Ventures @markpeterdavis
39. Rob Hayes, First Round Capital @robhayes
40. Michael Eisenberg, Benchmark Capital @mikeeisenberg
41. Chris Fralic, First Round Capital @chrisfralic
42. Sagi Rubin, Virgin Green Fund @sagirubin
43. Richard Dale, Sigma Partners @rdale
44. John Ludwig, Ignition Partners @jhludwig
45. Dan Rua, Inflexion Partners @danrua
46. Steve Brotman, Silicon Alley Venture Partners @stevebrotman
47. Larry Cheng, Fidelity Ventures @larryvc
48. Martin Tobias, Ignition Partners @ministeroforder
49. Matt Winn, Chrysalis Ventures @mattwinn
50. Sarah Tavel, Bessemer Venture Partners @adventurista
51. Stewart Alsop, Alsop-Louie Partners @salsop
52. Rich Tong, Ignition Partners @richtong
53. George Zachary, Charles River Ventures @georgezachary
54. Rob Go, Spark Capital @robgo
55. Rachel Strate, EPIC Ventures @WasatchGirl
56. Sid Mohasseb, Tech Coast Angels @sidmohasseb
57. Mo Koyfman, Spark Capital @mokoyfman
58. Rob Day, @Ventures @cleantechvc
59. Marc Averitt, Okapi Venture Capital @OCVC
60. Michael Greeley, Flybridge Capital Partners @FlybridgeCap
61. Ted Driscoll, Claremont Creek Ventures @easydjr
62. Santo Politi, Spark Capital @santopoliti
63. David Dufresne, JLA Ventures @DavidDufresne
64. Todd Klein, Legend Ventures @tdklein
65. Max Niederhofer, Atlas Venture @maxniederhofer
66. Vinit Nijhawan, Key Venture Partners @vinit44
67. Multiple Authors, Brightspark Ventures @MarkSkapinker @Sophiebspark @antman102
68. Rob Schultz, IllinoisVENTURES @crobtri
69. Ouriel Ohayon, Lightspeed Gemini Internet Lab @OurielOhayon
70. Brian Hirsch, Greenhill SAVP @hirschb
71. Larry Marcus, Walden Venture Capital @cyberlar
72. Kent Goldman, First Round Capital @kentgoldman
73. Larry Marcus, Walden Venture Capital @cyberlar
74. TechCoastAngles @techcoastangels
75. Bryce Roberts, OATV @bryce
76. Howard Lindzon, Knight’s Bridge Capital @howardlindzon
77. Sequoia Capital @Sequoia_Capital
78. True Ventures @trueventures
79. Founders Fund via Dave McClure @davemcclure
80. Mark Suster, GRP Partners @msuster
81. New Atlantic Ventures: Tim Rowe, @rowe; Steve Marcus, @smarcus; John Backus, @jcbackus
    Thanasis Delistathis, @tdelistathis

VC/PE industry is so hot currently that many investment institution start to join the war of keeping people’s tactics.
Growth Enterprise Market kicked off on last Friday, undoubtedly, some major venture capital and private equity firms who are holding plenty of share in the latest Chinese financial market are laughing loudly thanks to the performance in the first trading day. Other firms, even including those securities companies with the license of direct investment are also eager to throw into these businesses. Those socalled knowledgeable people or key person with “relation” and “sourcing” will play the noticeable role.
Foreign Fund
At this moment, the China equity market is surging. Blackstone once directly invested in some project in China in the past few years, but it seems it slow down recently. BX will follow a series of IPOs in NY market, which shows a strong sign BX is rapidly recovering from the financial crisis. In few weeks ago, Blackstone Group LP announced they were building a PE fund of 5 Billion RMB. Another giant, CLSA, is planning to raise a fund of 10Billion RMB with a Shanghai fund, according to its Asia CEO Mr. Jonathan Slone, CLSA will hold half of the company, focusing on environment and new energy industty. Before them, Carlyle Group and TPG dominate in China market.
Domestic PE investing
Zhejiang Capital, Jiangshu Capital, etc, local PE firms once chased their dream in the PE market with great enthusiasm, it was reported over 100 billion of capital in Wenzhou market. Nowadays, more and more entrepreneurs have to quit after failure.

Following last article about VC,  there is a rank about PE (Private Equity)

1. Bain Capital
2. Texas Pacific Group
3. Apax Partners
4. Blackstone Group
5. Carlyle US Venture
6. Silver Lake Partners
7. Fortress Investment Group
8. Apollo Investment Corp.
9. Advent International
10. Kohlberg Kravis Roberts & Co.
11. BC Partners
12. CVC Capital Partners
13. Candover Investments
14. Terra Firma Capital Partners
15. First Reserve Corp.
16. Providence Equity Partners
17. EQT Partners
18. American Capital
19. Welsh, Carson, Anderson & Stowe
20. Permira
21. CCMP Capital
22. Goldman Sachs Capital Partners
23. Cinven
24. 3i US
25. Warburg, Pincus & Co.
26. Hellman & Friedman
27. General Atlantic
28. GTCR Golder Rauner
29. Charterhouse Development Capital
30. PAI Partners

It is normal for VC and PE to lose money, they can say that is must-pay tutor fee. Here are few main reasons why venture capital fail in China.

First, the lack of an ideal entrepreneurial team. In mature market, such as in Silicon Valley, both investors and inventors believe the most important business sccess is an ideal: if an inventor would like to do a samll business, to do your things dillently enough; for a traget of becoming medium business, be smarter, even a bit than other, howerver, as to enterprises of big businesses, there must be a moral and ideals. Usually, Chinese ignore or have not realizen the last factor.

Second, enterrpises cannot insist on its own direction of development, or get lost on the road of their long run target. It alwasy hard to adhere to the original and eventually die.

Third, enterprises are unable to adjust the market development strategies according to the firece market competition.

Forth, IPO is not the final aim. Some VC and PE just closely watch some project of pre-IPO and forget their untimate target. Certainly, it is irreproachability.

Fifth, key persons in company should better be shareholders or compensated with corressponding agreements. A stable staff team is the base of success.

Sixth, the risk of big boss spread too many industries. Some China enterprises think they can spread risk and like to persue the hottest industries like GE (Jack Welch and the GE Way is the business Bible in China)

7, The expansion is a dream, as well as a way to slove many problems. Undoubtedly, the tight cash status will bring out big risk, especially at the current situation of financial crisis.

8. Chinese team management often is a group of technical designers or programmers, the same as USA innovation enterprises, however, westeron culture are more likely to accept other experts in marketing, financing position comparing to Chinese culture.