TBC Livecast #6: Ron Cao of Sky9 Capital, A 20 Year China VC on Semis, SPACs and Blockchain

TBC China Tech Livecast by Pandaily

English - June 24, 2021 19:00 - 28 minutes - 52.4 MB - ★★★★★ - 9 ratings
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Previous Episode: TBC Livecast #5: Boyu Hu: Early Kuaishou Investor; Then vs. Now in China Consumer Tech

Next Episode: TBC Livecast #7: Jordan Berke, ex-Walmart China Ecommerce Head, on Digital Retail & What the West can Learn

Recorded March 9, 2021 on Clubhouse as part of the Inside Asia Club.
Ron Cao has spent 20 years as a venture capitalist in China. He first went there during the 90s when semiconductor investing was a thing, but then found himself investing in consumer internet startups such as ByteDance and Pinduoduo because that sector yielded the greatest return, and is now finding himself investing in semiconductors again. We talk about lots of things, including:
Has the pandemic changed your thesis that the next China is (rural) China?
Is deeptech investing in China really taking off?
What kind of background teams -- returnees -- are you funding?
Thoughts on blockchain -- Ron was the one who told CZ of Binance about Bitcoin!
Since we're talking about blockchain, why not talk about SPACs!
Chinese companies expanding abroad / targeting overseas markets AKA "chuhai"
Antitrust regulations ... hint: Ron thinks they're good for the ecosystem
Offline businesses going online
Financial markets are opening up, ie STAR market