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DragonVenture Chairman Bobby Chao Interviewed on Popular Mandarin
Television Talk Show China CrossTalk
San Francisco, April 25, 2001 - Bobby
Chao, Chairman of DragonVenture, Inc. was interviewed live today by
popular Mandarin television talk show host Jay Stone on the Bay Area’s
Channel 26 show, China Crosstalk. A popular program enjoyed by Bay
Area Chinese-Americans, China CrossTalk provides a live, call-in forum
for Bay Area residents to voice their opinions about current issues
and ask questions of interviewees, usually an expert in his or her
respective field.
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From L-R: China Crosstalk host Jay Stone and DragonVenture
chairman Bobby Chao. |
In tonight's program, the topic was about the current state of the
venture capital industry in the downed stock market and DragonVenture
strategy in this environment. Stone began the interview by introducing
Bobby's colorful and intriguing experiences including his involvement
in two major IPOs. Subsequently, Stone asked Bobby how the VC as an
industry was fairing. Bobby cited some numbers from BusinessWeek reporting
that several large and well-known VCs have suffered -91 percent -85
percent of return. As a result, in this market, an IRR of 30 percent
or more is considered exceptional. Bobby explained that DragonVenture
was able to steer away from this downed market with its strategy to
(1) focus on infrastructure, (2) to emphasize correct business models,
and (3) move into markets with exceptional growth - such as China's
nascent hghi-tech industry. In addition, Bobby explained that by providing
"soft" incubation services in addition to "funding? DragonVenture
is able to advise and guide companies "hand-in-hand" to focus, thereby
helping them avoid pitfalls and steer toward success.
Channel 26, based in the Silicon Valley, draws viewership of many
entrepreneurs, engineers, and aspiring business people. As a result,
a flood of call-in's were made to China Crosstalk. Bobby answered
each of the caller's questions with ease. Many people were curious
what DragonVenture's role was with China and U.S. entrepreneurs. Bobby
replied that DragonVenture would serve as the "bridge" enabling entrepreneurs
and investors on both sides to collaborate, diversify investments
and mitigate risk. In addition, DragonVenture leverages the core competencies
of companies on each side for the eventual success of startups and
maximized return for investors. After the program went off the air,
Bobby remained in the studio for 30 minutes to answer questions from
callers still waiting to ask him questions in the queue.
Bobby is available to help promising startup achieve their goals and
help potential investors open up new areas of investment that will
increase their return. For those interested in contacting Bobby for
additional questions, please send e-mails to info@dragonventure.com.
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