One of the most striking charts this year:
China’s startup ecosystem has almost completely collapsed in the last 5 years.
China’s startup ecosystem has almost completely collapsed in the last 5 years.
VCs in China now spend most of their time suing the startups they invested in to get their money back.
Founders are also now required to be personally liable for their company’s loans.
Hard to imagine why anyone would start a company under these conditions.
Founders are also now required to be personally liable for their company’s loans.
Hard to imagine why anyone would start a company under these conditions.
Startups and venture capital just aren’t a thing in China anymore.
Totally disappeared overnight.
Totally disappeared overnight.
This sucks for ambitious and innovative people in China.
We should be actively recruiting the best and brightest to come build their startups in the US instead.
ft.com/content/1e9e75…
We should be actively recruiting the best and brightest to come build their startups in the US instead.
ft.com/content/1e9e75…
More context on the data from the author of the article here:
https://twitter.com/eleanorolcott/status/1834428552638263466
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