Largest Silicon Valley VCs head to China to look for new places to place their enormous funds

Troy Angrignon

Jun 22, 2004 • 1 min read

This article talks about how 8 Silicon Valley Bankers and 25 VCs are doing an exploratory trip to China to explore business opportunities.

This to me seems like a serious pivot point in East/West VC relations. In the article, they note the changing attitudes in China about Western financing. This is something to watch.

QUOTE:

A group of top Silicon Valley venture capitalists will travel to China later this week to find new markets for their U.S. startups and future investment opportunities among Chinese companies.

Following a similar trek to India in November, the one-week expedition will mark the first time such a large group of valley VCs will examine China’s burgeoning tech sector up close.

Eight bankers and 25 VCs, including partners from prominent venture firms such as Sequoia Capital Partners, Kleiner Perkins Caufield & Byers, New Enterprise Associates and Accel Partners, will make the one-week trip to Beijing and Shanghai.

UNQUOTE

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