Member Guest Posts

中国风投基金转向人民币——这将如何影响风投基金表现？Recently, there has been a meteoric rise in RMB-denominated VC funds in China, and today they outnumber USD funds in terms of total number, deals and managed capital. However, these funds are often backed by LPs that do not operate according to the accepted best practices in due diligence, valuation and collaborating with start-ups. Is this the future of China's "smart money"? Part 1 of an editorial by Robyn Klingler-Vidra

初创企业是否应该担心英国脱欧带来的影响？Startups are worried that the UK’s exit from the EU might risk their access to venture capital and private equity, and are already looking for funding elsewhere. What will the UK do to keep attracting startup employees, strike trade deals and respond to aggressive regulatory competition designed to attract startups? A guest post by Prof. Mark Humphery-Jenner (UNSW Australia), CIV Research Award Winner.

风投项目只要落地硅谷就能表现更好吗？Could a venture capitalist enjoy the same results from anywhere in the world? Some evidence suggests location matters. VCs thrive in proximity to other VCs, but creating a VC cluster is not enough – it is the "where" that matters. Contracts in Silicon Valley differ enormously from the rest of the world, reflecting differences in VC attitude and shedding a light on the Valley's "secret sauce". A work-in-progress by Jennifer Kuan (Stanford), CIV 2015 Research Grant Winner

初创企业能提前打算吗？投资者应该让它们这样做吗？Patents help companies raise money and increase their valuations. However, start-up founders are often too busy with the "here and now" – and it is for the investors to spark the brainstorming and drive the long-term thinking, developing ideas and patents that would still be relevant when granted, a year or two down the road. A guest post by Shmuel Ur, founder of Ur Innovations Ltd.

新西兰创业投资基金停止用纳税人的钱投资：任务已经完成还是尚未结束？NZVIF, a New Zealand Government Fund-of-Funds, announced a transition to a "self-sustaining commercial model" after 14 years of investing taxpayer money in venture capital, with mixed results. In the 1990s, policymakers in the world’s neoliberal bastions began funding venture capital managers. Intervention in building VC markets suggests that either neoliberal policy-makers have hit ‘the limits of laissez-faire’, or that the free economy – at least with respect to venture capital activity – is planned. What we don’t yet know, and what warrants further investigation, is whether these interventionist efforts last. An editorial by Robyn Klingler-Vidra, Head of the CIV Policy Strand