The arrival of the billionaire angel investor and the rise of the serial entrepreneur in China are trending as hot topics in the Chinese venture and 'techpreneur' community as a new era unfolds. But don’t count on it all working out.
Speaking at Silicon Dragon Beijing 2013, William Bao Bean of SingTel SingTel Innov8 and an angel investor, observes that the venture capital market is shrinking in China while angel money is on the rise though still small. Compared to a U.S. angel pool of nearly $20 billion, he figures that China has about $1 billion, and most of it from friends and family.Dave McClure, founding partner at 500 Startups, which is branching out to China, observes the same trend of increased angel investment along with a growing number of incubators that are fueling the startup phenomenon. While all that might sound good, he predicts the result will be too much (dumb) money chasing too many entrepreneurial ventures at excessive valuations. Continue reading this post at Forbes .
