For our 16th Silicon Global Online episode, Ask A VC Anything, our guest speaker was Andy Tang. Tang is a partner at Draper University, a co-founder of Draper Dragon, and CEO of Draper University. In this episode, we discussed the US-China tech “cold war” and its impact on cross-border investors like Tang, how Covid-19 has impacted Draper University and Draper’s portfolio companies, and some new investment and IPO trends that Tang and his partners are looking to capitalize on.
10 Key takeaways:
· · The US-China tech “cold war” can be viewed as a good thing for serious cross-border investors. Since natural cross-border activity still needs to happen, Tang views the current turbulence between the two global superpowers as a way to drive out pure opportunistic players.
Bio: Andy Tang, Draper Dragon, Draper University, Draper Associates
Tang is a partner at Draper Associates in Silicon Valley, since 2015. He was a founding member and is now Managing Director of the Draper Dragon Fund, a China/US cross-border early stage investment fund. In 2015, Tang became the CEO at Draper University, a residential program for young entrepreneurs that has moved online due to Covid-19 for the foreseeable future.
Tang has more than 15 years of operating and early-stage investment experience in high tech. He was a Principal at Infineon Ventures from 2002-2006 and a Managing Director at ABB Technology Ventures from 2011-2014.
Tang’s current investment focus is on Blockchain/Fintech and Healthcare AI. His portfolio at Draper Dragon includes YeePay (e-payment solutions and value added financial services), Atomwise (healthcare AI for pharmaceutical companies to reduce drug development time), and Telegram (cloud-based messaging).
Andy Tang holds a BSEE in engineering from The University of Texas at Austin, an MSEE in engineering from the Massachusetts Institute of Technology, and an MBA from the University of Pennsylvania’s Wharton School.
Submitted by Michael Weiss, contributor to Silicon Global Online