Eugene Zhang is an entrepreneur and investor with extensive experience in computer, networking and startup industries. He is board member of TEEC (Tsinghua Entrepreneur & Executive Club) and co-founder and general partner of TEEC Angel Fund, a Silicon Valley based super angel fund investing in both US and China startups.
In this interview, Eugene will familiarize us with the commonalities and differences in funding and entrepreneurship in China and in the West.
- 3:30: Is there a bubble in the US and in China according to Eugene? And in what industries specifically?
- 5:50: A description of China’s fundraising scene.
- 7:30: Eugene’s recommendations for foreign entrepreneurs starting out in China. How can they raise funds? What is the role of local partners?
- 12:25: How to find a local partner to take on a Chinese market? How to set up partnerships and teams to expand into new areas?
- 16:30: The challenges of bringing Eastern and Western cultures together. The difference in trust issues between East and West.
- 19:45: Common mistakes foreign entrepreneurs make when doing business in China.
- 23:30: What can tech entrepreneurs do to avoid quickly being copied? What are the strategies the entrepreneurs can adopt to deal with that?
- 25:45: A taste of executing in the fiercely competitive Chinese market.
- 31:25: Predictions for the next three to five years, both in Eastern and in Western markets. The strategies and investment philosophies adopted by TEEC.