|Dealmaker panel at Silicon Dragon Beijing 2015|
It’s a nerve wracking time for venture capitalists doing deals in China today. Valuations to invest in hot startups that could be the next unicorn have escalated to new heights. Yet no one wants to take a pass on a deal that just might be the next Albaba, Baidu, Tencent or Xiaomi in the world’s second-largest venture market.The competition is fierce and the pace fast to get in. Yet experienced venture capitalists who have been through up and down cycles of the market before are taking a slightly more measured approach. A panel of venture capitalists at a recent Silicon Dragon event in Beijing said they are trimming the number of deals they’re investing in this year and being more selective about teams and business models they back.
At the same time, these venture capitalists are encouraging entrepreneurs and founders of emerging Chinese companies to take in as much capital as possible now while the boom lasts.
Keep reading at Forbes: Beijing bubble