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DragonVenture's Venture Capital
Operation provides a comprehensive investment vehicle for our
investors. Our investment philosophy always begins with the idea of
investing in "people", "core technology", and "market opportunity"
while clearly keeping the "exit strategy" in mind. Our targeted
companies include mainstream US companies planning on expanding to
China, Chinese American entrepreneurs, and local Chinese companies.
We are one of the few VC firms with the "niche" to fund business with
"cross-pacific" model where companies are headquartered in the Silicon
Valley with major operations in the Greater China region. Beginning
2005, we are focusing more on direct investments made in Chinese
companies. These investments will be made with our Executives in
Residence (EIRs) accompanying the funds into the target companies.
These EIRs will serve a wide range of roles to mitigate added risks
associated with investing directly in China, oversee milestones to
occur within a preset timeframe, and deal with the day-to-day
complexity of doing business in China.
DragonVenture's latest VC activity is summarized as follows:
- Investment Vehicle: DragonFund China 2005,
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Destination: US, HK, China, Singapore Public Markets
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Stops in Between: Consolidations in China, IPO outside China
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Vehicle Conductor: DragonVenture Team & EIRs
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Estimated Time of Departure: TBA
- Estimated Time of Arrival: 5 years from TBA
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Estimated Fuel Cost: US$100MM
- Projected Fuel Cost Recovery: ≥ US$300-400MM
Capital Introduction/Syndication: As best said by John Doerr of
Kleiner Perkins Caufield & Byers: "if the business plan is good
enough, we [VC] can always find money to fund it." For those business
that does not fit our existing funds' objective or limited partner's
expectation but still represent an outstanding opportunity for certain
specialized investor network, we will, on a very selective basis, help
the entrepreneur source capitals from our investor network in Greater
China and elsewhere.
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