Image Credits: Bryce Durbin / TechCrunch
One of the largest and most prominent players in venture capital is GGV Capital. The 22-year-old firm invests in startup from seed to growth stage in a variety of sectors.
It was one of the most difficult years in the history of the startup world, as it forced investors and founders alike to adapt to a vastly different market than they enjoyed in the previous year.
To better understand GGV's position during a challenging venture environment, I sat down with managing partner Hans Tung to get his thoughts on the state of investing today.
“It’s not the end of the world if you raise a down round. The only thing that matters is that you end up having a good outcome.” GGV's Hans Tung
Robin Li shared why she thinks embedded fintech will play a crucial role in financial services in the future.
An investor for over two decades, Tung has supported a number of companies. The current downturn is not as frightening for Tung as some other VCs. Li has led two companies.
The interview has been edited for clarity and length.
Both Robin Li and Hans Tung work for GGV. The image is from GGV capital.
What has it been like for you as an investor?
The market isn't time the market. We didn't over- invest. There was a lot of internal pressure to keep up with other people. Since we have a lot of dry powder left, I think it worked out well. There is time to double down on our existing portfolio. We have slowed our pace of investing in our global portfolio this year.