Venture capitalist Tim Chang says 2012 may bring a “return
to normalcy” for deal making in China. But he’s not ready to predict yet
whether deal makers will “reach for the bottle or take their medicine” now that
the bubble has popped in an overheated China venture market.
“In 2010, the market was overheated, everyone was drinking
the kool-aid and pumping it by the gallon. The story for every deal was ‘it
doesn’t matter if your startup is profitable, just get revenue doubling every
year and we will take it public, and we can worry about getting profitable later.’
But in early 2011, that story fell apart,” said Chang, speaking
at a recent Startup Asia event held in tech-central Silicon Valley.
Read more at my post at Forbes:
http://www.forbes.com/sites/rebeccafannin/2012/02/01/china-vc-hangover-reach-for-the-bottle-or-the-pills/
