Jim Beyer of Accel Partners is bullish on investing in China, writes Kerry A. Dolan of Forbes. Here's the link: http://www.forbes.com/sites/kerryadolan/2011/11/03/superstar-venture-capitalist-jim-breyer-is-super-bullish-on-china/. In the article, Breyer says that Accel will invest more money in China than in the US this year, and believes that over the next decade at least half of the top 10 or 20 Internet companies will come from China.
I agree with Mr. Breyer's assessment of the Internet sector in China. However, I am less bullish on the overall opportunity in China from an LP perspective investing in Chinese venture funds. As I stated in an earlier post, while the local market opportunity is massive and rapidly growing, this opportunity is tempered by a number of risks that exist from an LPs perspective.
I have great respect for Accel Partners, and believe that they are one of the few firms that will likely do just fine in China.
I agree with Mr. Breyer's assessment of the Internet sector in China. However, I am less bullish on the overall opportunity in China from an LP perspective investing in Chinese venture funds. As I stated in an earlier post, while the local market opportunity is massive and rapidly growing, this opportunity is tempered by a number of risks that exist from an LPs perspective.
I have great respect for Accel Partners, and believe that they are one of the few firms that will likely do just fine in China.
